Media coverage about Banco Bradesco SA (NYSE:BBD) has trended somewhat positive this week, AlphaOne Sentiment reports. The research group, a subsidiary of Accern, scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Banco Bradesco SA earned a news impact score of 0.14 on AlphaOne’s scale. AlphaOne also gave news headlines about the bank an impact score of 62 out of 100, meaning that recent media coverage is somewhat likely to have an effect on the stock’s share price in the near future.
Several research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Banco Bradesco SA from a “buy” rating to a “hold” rating in a research note on Tuesday, January 24th. Scotiabank raised shares of Banco Bradesco SA from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 11th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $10.65.
Banco Bradesco SA (NYSE:BBD) traded up 5.597% during mid-day trading on Friday, hitting $8.585. 20,410,709 shares of the stock were exchanged. The stock has a 50 day moving average of $9.48 and a 200-day moving average of $8.91. The stock has a market cap of $52.24 billion, a price-to-earnings ratio of 9.281 and a beta of 1.67. Banco Bradesco SA has a 52-week low of $5.55 and a 52-week high of $10.37.
Banco Bradesco SA (NYSE:BBD) last released its earnings results on Thursday, April 27th. The bank reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.03. Banco Bradesco SA had a return on equity of 17.58% and a net margin of 10.43%. The firm had revenue of $13.25 billion during the quarter. Equities analysts predict that Banco Bradesco SA will post $0.93 EPS for the current fiscal year.
The business also recently declared a special dividend, which will be paid on Tuesday, August 8th. Shareholders of record on Thursday, July 6th will be issued a $0.006 dividend. This represents a yield of 0.75%. The ex-dividend date is Monday, July 3rd. Banco Bradesco SA’s payout ratio is presently 7.60%.
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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.
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