Silvercrest Asset Management Group LLC Buys 4,550 Shares of Banco Bradesco S.A. (NYSE:BBD)

Silvercrest Asset Management Group LLC boosted its stake in Banco Bradesco S.A. (NYSE:BBD) by 27.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,141 shares of the bank’s stock after purchasing an additional 4,550 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in Banco Bradesco were worth $60,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC grew its stake in Banco Bradesco by 14.5% in the fourth quarter. SG Americas Securities LLC now owns 34,102 shares of the bank’s stock valued at $119,000 after acquiring an additional 4,319 shares during the period. Raymond James & Associates grew its stake in Banco Bradesco by 23.4% in the fourth quarter. Raymond James & Associates now owns 110,233 shares of the bank’s stock valued at $386,000 after acquiring an additional 20,887 shares during the period. Ballentine Partners LLC grew its stake in Banco Bradesco by 54.8% in the fourth quarter. Ballentine Partners LLC now owns 39,301 shares of the bank’s stock valued at $138,000 after acquiring an additional 13,908 shares during the period. Bleakley Financial Group LLC acquired a new position in Banco Bradesco in the fourth quarter valued at about $161,000. Finally, Cerity Partners LLC grew its stake in Banco Bradesco by 39.3% in the fourth quarter. Cerity Partners LLC now owns 52,003 shares of the bank’s stock valued at $182,000 after acquiring an additional 14,684 shares during the period.

Banco Bradesco Stock Down 0.5 %

NYSE:BBD opened at $2.21 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a 50-day moving average price of $2.34 and a two-hundred day moving average price of $2.66. Banco Bradesco S.A. has a 1 year low of $2.16 and a 1 year high of $3.65.

Banco Bradesco (NYSE:BBD) last posted its quarterly earnings data on Thursday, May 2nd. The bank reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.01. The company had revenue of $9.64 billion during the quarter. Banco Bradesco had a return on equity of 9.55% and a net margin of 6.70%. As a group, sell-side analysts expect that Banco Bradesco S.A. will post 0.34 EPS for the current year.

Banco Bradesco Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Monday, August 5th will be given a dividend of $0.0035 per share. The ex-dividend date is Monday, August 5th. This represents a $0.04 annualized dividend and a dividend yield of 1.88%. Banco Bradesco’s dividend payout ratio is currently 13.04%.

About Banco Bradesco

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services.