In the last trading session, 3,170,000,000 shares of the Banco Bradesco S.A. (NYSE:BBD) were traded, and its beta was 0. Most recently the company’s share price was $4.5, and it changed around -$0.03 or -0.01% from the last close, which brings the market valuation of the company to $38.19 Billion. BBD currently trades at a discount to its 52-week high of $5.46, offering almost -21.33% off that amount. The share price’s 52-week low was $2.68, which indicates that the current value has risen by an impressive 40.44% since then. We note from Banco Bradesco S.A.’s average daily trading volume that its 10-day average is 24.73 Million shares, with the 3-month average coming to 31.08 Million.
Banco Bradesco S.A. stock received a consensus recommendation rating of Buy, based on a mean score of 1.9. If we narrow it down even further, the data shows that none out of 13 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 1 recommended BBD as a Hold, whereas 12 deemed it a Buy, and no one rated it as Underweight. Banco Bradesco S.A. is expected to report earnings per share of $0.12 for the current quarter.
Banco Bradesco S.A. (NYSE:BBD): Trading Information
Although BBD has showed a red trend with a performance of -0.66% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $4.75- on Tuesday, Mar 30 increased the stock’s daily price by 5.26%. The company’s shares are currently down -0.14% year-to-date, but still down -0.026 over the last five days. On the other hand, Banco Bradesco S.A. (NYSE:BBD) is 0.02% up in the 30-day period. We can see from the shorts that 14.28 Million shares have been sold at a short interest cover period of 0.46 day (s).
The consensus price target as assigned by Wall Street analysts is $6.15, which translates to bears needing to increase their stock price by 36.67% from its current value. Analyst projections state that BBD is forecast to be at a low of $4.98 and a high of $7.29. In order for the stock price to hit the forecast high, the stock would need to surge +62% from its current level, while the stock would need to crash 10.67% from its current level to reach the projected low.
Banco Bradesco S.A. (BBD) projections and forecasts
Banco Bradesco S.A. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +33.61 percent over the past six months and at a 29.27% annual growth rate that is well above the industry average of 14%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +33.3% in revenue this quarter, and will report an increase of 62.5% in the next quarter. The year-over-year growth rate is expected to be 1.6%, up from the previous year.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -2.51%. Banco Bradesco S.A. earnings are expected to increase by 25.6% in 2021, but the outlook is positive 1.6% per year for the next five years.
BBD Dividend Yield
The annual dividend yield of the stock is 2.59 percent and its annual dividend per share was $0.12. It is important to note, however, that the 2.59% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 2.22% per year.
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Banco Bradesco S.A. (NYSE:BBD)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 0% of Banco Bradesco S.A. shares, and 19.96% of them are in the hands of institutional investors. The stock currently has a share float of 19.96%. Banco Bradesco S.A. stock is held by 354 institutions, with Standard Life Aberdeen PLC being the largest institutional investor. By Dec 30, 2020, it held 1.91% of the shares, which is about 84.62 Million shares worth $445.1 Million.
Sprucegrove Investment Management Ltd, with 1.27% or 56.14 Million shares worth $295.32 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
iShares Latin America 40 ETF and Harding, Loevner Funds, Inc.-Institutional Emerging Markets Portfolio were the top two Mutual Funds as of Feb 27, 2021. The former held 18002961 shares worth $74.53 Million, making up 0.41% of all outstanding shares. On the other hand, Harding, Loevner Funds, Inc.-Institutional Emerging Markets Portfolio held roughly 16.27 Million shares worth around $73.89 Million, which represents about 0.37% of the total shares outstanding.