Banco Santander S.A. Acquires 1,443,986 Shares of Banco Bradesco S.A. (NYSE:BBD)

Banco Santander S.A. raised its holdings in shares of Banco Bradesco S.A. (NYSE:BBD) by 402.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,802,819 shares of the bank’s stock after buying an additional 1,443,986 shares during the period. Banco Santander S.A.’s holdings in Banco Bradesco were worth $3,443,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. US Bancorp DE boosted its position in shares of Banco Bradesco by 13.0% during the third quarter. US Bancorp DE now owns 265,199 shares of the bank’s stock worth $705,000 after acquiring an additional 30,490 shares during the last quarter. Atria Investments Inc raised its holdings in shares of Banco Bradesco by 24.3% in the third quarter. Atria Investments Inc now owns 44,151 shares of the bank’s stock worth $117,000 after buying an additional 8,641 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in Banco Bradesco by 5.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 250,657 shares of the bank’s stock valued at $667,000 after buying an additional 12,228 shares in the last quarter. Catalytic Wealth RIA LLC grew its stake in Banco Bradesco by 34.1% in the third quarter. Catalytic Wealth RIA LLC now owns 46,774 shares of the bank’s stock worth $124,000 after purchasing an additional 11,883 shares in the last quarter. Finally, Aigen Investment Management LP increased its position in Banco Bradesco by 24.5% during the 3rd quarter. Aigen Investment Management LP now owns 151,613 shares of the bank’s stock valued at $403,000 after purchasing an additional 29,861 shares during the period.

Banco Bradesco Price Performance

Banco Bradesco stock opened at $2.07 on Friday. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.72 and a current ratio of 1.01. Banco Bradesco S.A. has a 1 year low of $1.84 and a 1 year high of $2.98. The stock has a market capitalization of $21.98 billion, a P/E ratio of 6.88, a P/E/G ratio of 0.32 and a beta of 0.94. The company’s fifty day moving average price is $2.02 and its 200 day moving average price is $2.32.

Banco Bradesco (NYSE:BBD) last posted its quarterly earnings results on Friday, February 7th. The bank reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. Banco Bradesco had a return on equity of 11.43% and a net margin of 8.46%. As a group, equities research analysts anticipate that Banco Bradesco S.A. will post 0.37 earnings per share for the current fiscal year.

Banco Bradesco Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 7th will be given a $0.0033 dividend. The ex-dividend date is Friday, March 7th. This represents a $0.04 dividend on an annualized basis and a yield of 1.90%. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s dividend payout ratio is presently 6.67%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. lowered Banco Bradesco from an “overweight” rating to a “neutral” rating in a research note on Monday, November 25th. The Goldman Sachs Group cut shares of Banco Bradesco from a “buy” rating to a “sell” rating and decreased their target price for the company from $2.40 to $2.00 in a research report on Wednesday, February 12th. Finally, HSBC raised shares of Banco Bradesco from a “hold” rating to a “buy” rating and set a $2.80 price target on the stock in a report on Monday, January 13th.

Banco Bradesco Profile

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.