Somewhat Favorable News Coverage Very Likely to Affect Banco Bradesco SA (BBD) Share Price

Headlines about Banco Bradesco SA (NYSE:BBD) have trended somewhat positive on Friday, according to Alpha One Sentiment. Alpha One, a service of Accern, identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Banco Bradesco SA earned a news impact score of 0.22 on Alpha One’s scale. Alpha One also gave news articles about the bank an impact score of 87 out of 100, indicating that recent press coverage is very likely to have an impact on the company’s share price in the next few days.

These are some of the media stories that may have effected Alpha One Sentiment’s scoring:

Banco Bradesco SA (NYSE:BBD) traded up 1.12% on Friday, hitting $9.90. The stock had a trading volume of 1,502,384 shares. The stock’s 50 day moving average is $10.23 and its 200 day moving average is $9.68. Banco Bradesco SA has a one year low of $6.10 and a one year high of $11.24. The stock has a market cap of $54.77 billion, a price-to-earnings ratio of 9.62 and a beta of 1.67.

Banco Bradesco SA (NYSE:BBD) last released its earnings results on Wednesday, February 1st. The bank reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by $0.01. The firm had revenue of $12.58 billion for the quarter. Banco Bradesco SA had a return on equity of 17.58% and a net margin of 10.43%. Analysts anticipate that Banco Bradesco SA will post $0.99 earnings per share for the current year.

The business also recently declared a monthly dividend, which will be paid on Tuesday, July 11th. Investors of record on Tuesday, June 6th will be issued a $0.006 dividend. This represents a $0.07 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Friday, June 2nd. Banco Bradesco SA’s dividend payout ratio (DPR) is 7.60%.

A number of brokerages have recently issued reports on BBD. Zacks Investment Research upgraded Banco Bradesco SA from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Tuesday. Scotiabank upgraded Banco Bradesco SA from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 11th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $10.65.

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About Banco Bradesco SA

Banco Bradesco SA is a commercial bank. The Bank offers a range of banking and financial products and services in Brazil and abroad to individuals, large, mid-sized and small companies, and local and international corporations and institutions. Its segments include Financial; Insurance and Capitalization bonds; Pension plans, and Other Activities.

5 Day Chart for NYSE:BBD

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