30,288 Shares in Banco Bradesco S.A. (NYSE:BBD) Acquired by Ewa LLC

Ewa LLC acquired a new stake in Banco Bradesco S.A. (NYSE:BBD) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 30,288 shares of the bank’s stock, valued at approximately $105,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Creative Planning increased its stake in shares of Banco Bradesco by 27.6% in the second quarter. Creative Planning now owns 15,319 shares of the bank’s stock worth $50,000 after purchasing an additional 3,312 shares in the last quarter. Ieq Capital LLC grew its stake in Banco Bradesco by 31.4% in the 2nd quarter. Ieq Capital LLC now owns 14,329 shares of the bank’s stock valued at $50,000 after buying an additional 3,422 shares in the last quarter. Captrust Financial Advisors raised its holdings in Banco Bradesco by 21.4% during the 2nd quarter. Captrust Financial Advisors now owns 20,501 shares of the bank’s stock valued at $67,000 after acquiring an additional 3,610 shares during the period. Pinnacle Wealth Planning Services Inc. lifted its position in shares of Banco Bradesco by 23.0% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 20,514 shares of the bank’s stock worth $54,000 after acquiring an additional 3,842 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in shares of Banco Bradesco by 35.3% in the third quarter. Mercer Global Advisors Inc. ADV now owns 14,768 shares of the bank’s stock worth $54,000 after acquiring an additional 3,849 shares during the period. 1.84% of the stock is owned by institutional investors.

Banco Bradesco Price Performance

Shares of Banco Bradesco stock traded up $0.02 during trading on Monday, hitting $3.18. The stock had a trading volume of 1,266,777 shares, compared to its average volume of 25,323,832. The firm has a market cap of $33.89 billion, a price-to-earnings ratio of 15.05, a P/E/G ratio of 0.61 and a beta of 0.93. Banco Bradesco S.A. has a 12 month low of $2.34 and a 12 month high of $3.68. The business’s 50-day moving average is $2.93 and its 200 day moving average is $3.15. The company has a current ratio of 0.97, a quick ratio of 0.72 and a debt-to-equity ratio of 0.84.

Banco Bradesco Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 12th. Stockholders of record on Tuesday, December 5th will be given a dividend of $0.0039 per share. This represents a $0.05 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Monday, December 4th. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s dividend payout ratio (DPR) is 14.29%.

Analysts Set New Price Targets

Separately, Jefferies Financial Group started coverage on Banco Bradesco in a report on Monday, October 16th. They set a “buy” rating and a $3.50 price objective on the stock.

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; debit and business cards; financial and security services; consortium products; auto, personal accident, dental, travel, and life insurance; investment products; pension products; real estate and vehicle auctions; cash management, and foreign trade and exchange services; capitalization bonds; and internet banking services.