HTLF Bank acquired a new stake in shares of Banco Bradesco S.A. (NYSE:BBD – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 12,081 shares of the bank’s stock, valued at approximately $42,000.
Several other large investors also recently bought and sold shares of the business. Natixis acquired a new stake in shares of Banco Bradesco during the 4th quarter worth approximately $26,000. LGT Group Foundation acquired a new stake in shares of Banco Bradesco during the 3rd quarter worth approximately $30,000. CI Private Wealth LLC acquired a new stake in shares of Banco Bradesco during the 4th quarter worth approximately $32,000. TIAA Trust National Association acquired a new stake in shares of Banco Bradesco during the 3rd quarter worth approximately $35,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Banco Bradesco during the 3rd quarter worth approximately $36,000.
Banco Bradesco Trading Up 0.4 %
NYSE:BBD opened at $2.64 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.84. The company has a 50 day moving average price of $2.80 and a 200 day moving average price of $3.04. Banco Bradesco S.A. has a fifty-two week low of $2.60 and a fifty-two week high of $3.68.
Banco Bradesco Cuts Dividend
Analysts Set New Price Targets
A number of analysts have recently issued reports on BBD shares. Jefferies Financial Group downgraded shares of Banco Bradesco from a “buy” rating to a “hold” rating in a report on Friday, February 9th. HSBC cut shares of Banco Bradesco from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Finally, The Goldman Sachs Group raised shares of Banco Bradesco from a “sell” rating to a “neutral” rating and set a $2.80 price objective for the company in a research report on Tuesday, February 20th.
Check Out Our Latest Stock Analysis on BBD
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.
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