Dynamic Technology Lab Private Ltd Purchases 268,128 Shares of Banco Bradesco S.A. (NYSE:BBD)

Dynamic Technology Lab Private Ltd boosted its position in Banco Bradesco S.A. (NYSE:BBD) by 907.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 297,687 shares of the bank’s stock after purchasing an additional 268,128 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Banco Bradesco were worth $792,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Silvercrest Asset Management Group LLC boosted its stake in shares of Banco Bradesco by 27.4% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 21,141 shares of the bank’s stock worth $60,000 after buying an additional 4,550 shares during the last quarter. Inspire Advisors LLC boosted its position in Banco Bradesco by 9.5% in the second quarter. Inspire Advisors LLC now owns 54,720 shares of the bank’s stock worth $123,000 after purchasing an additional 4,737 shares during the last quarter. Blue Trust Inc. grew its stake in Banco Bradesco by 99.9% in the 3rd quarter. Blue Trust Inc. now owns 11,254 shares of the bank’s stock valued at $30,000 after purchasing an additional 5,623 shares during the period. Daiwa Securities Group Inc. increased its position in shares of Banco Bradesco by 1.1% during the 2nd quarter. Daiwa Securities Group Inc. now owns 716,345 shares of the bank’s stock valued at $1,605,000 after purchasing an additional 8,000 shares during the last quarter. Finally, Simplicity Wealth LLC raised its stake in shares of Banco Bradesco by 11.9% during the 2nd quarter. Simplicity Wealth LLC now owns 77,032 shares of the bank’s stock worth $173,000 after purchasing an additional 8,165 shares during the period.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BBD. The Goldman Sachs Group upgraded shares of Banco Bradesco from a “neutral” rating to a “buy” rating and increased their price target for the company from $2.50 to $3.20 in a research report on Monday, August 19th. JPMorgan Chase & Co. downgraded shares of Banco Bradesco from an “overweight” rating to a “neutral” rating in a research report on Monday.

Banco Bradesco Stock Down 4.6 %

Shares of BBD opened at $2.26 on Thursday. Banco Bradesco S.A. has a 1 year low of $2.16 and a 1 year high of $3.65. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.72 and a current ratio of 0.72. The stock’s fifty day moving average price is $2.54 and its two-hundred day moving average price is $2.52.

Banco Bradesco (NYSE:BBD) last announced its quarterly earnings data on Thursday, October 31st. The bank reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $9.18 billion for the quarter, compared to analysts’ expectations of $5.62 billion. Banco Bradesco had a return on equity of 10.17% and a net margin of 7.43%. As a group, equities research analysts anticipate that Banco Bradesco S.A. will post 0.34 earnings per share for the current year.

Banco Bradesco Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, December 4th will be paid a dividend of $0.0033 per share. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Wednesday, December 4th. Banco Bradesco’s dividend payout ratio is presently 11.54%.

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.