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Now Is The Time To Buy Banco Bradesco S.A. (NYSE: BBD)

During the last session, Banco Bradesco S.A. (NYSE:BBD)’s traded shares were 41.53 million. At the end of the trading day, the stock’s price was $3.24, reflecting an intraday gain of 2.53% or $0.08. The 52-week high for the BBD share is $4.10, that puts it down -26.54 from that peak though still a striking 27.78% gain since the share price plummeted to a 52-week low of $2.34. The company’s market capitalization is $31.82B, and the average intraday trading volume over the past 10 days was 31.89 million shares, and the average trade volume was 28.54 million shares over the past three months.

Banco Bradesco S.A. (BBD) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.70. BBD has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.09.

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Banco Bradesco S.A. (NYSE:BBD) trade information

Banco Bradesco S.A. (BBD) registered a 2.53% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.53% in intraday trading to $3.24 this Thursday, 05/25/23, hitting a weekly high. The stock’s 5-day price performance is 1.89%, and it has moved by 21.06% in 30 days. Based on these gigs, the overall price performance for the year is -18.55%. The short interest in Banco Bradesco S.A. (NYSE:BBD) is 65.28 million shares and it means that shorts have 2.65 day(s) to cover.

The consensus price target of analysts on Wall Street is $4.05, which implies an increase of 20.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.00 and $5.10 respectively. As a result, BBD is trading at a discount of -57.41% off the target high and 7.41% off the low.

Banco Bradesco S.A. (BBD) estimates and forecasts

Statistics show that Banco Bradesco S.A. has outperformed its competitors in share price, compared to the industry in which it operates. Banco Bradesco S.A. (BBD) shares have gone up 19.14% during the last six months, with a year-to-date growth rate more than the industry average at 5.71% against 2.60. In the rating firms’ projections, revenue will decrease -34.80% compared to the previous financial year.

Revenue for the current quarter is expected to be $5.69 billion as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to $5.9 billion by the end of Sep 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $9.76 billion and $5.63 billion respectively. In this case, analysts expect current quarter sales to shrink by -41.70% and then jump by 4.70% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -12.38%. While earnings are projected to return -7.70% in 2023, the next five years will return 1.60% per annum.

BBD Dividends

Banco Bradesco S.A. is due to release its next quarterly earnings in June. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Banco Bradesco S.A. is 0.16, with the dividend yield indicating at 4.82 percent, continuing the trend of increasing dividends in recent years.

Banco Bradesco S.A. (NYSE:BBD)’s Major holders

Banco Bradesco S.A. insiders own 0.01% of total outstanding shares while institutional holders control 15.86%, with the float percentage being 15.86%. Sprucegrove Investment Management Ltd is the largest shareholder of the company, while 347 institutions own stock in it. As of Mar 30, 2023, the company held over 88.11 million shares (or 1.66% of all shares), a total value of $230.85 million in shares.

The next largest institutional holding, with 72.11 million shares, is of Blackrock Inc.’s that is approximately 1.36% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $188.92 million.

Also, the Mutual Funds coming in first place with the largest holdings of Banco Bradesco S.A. (BBD) shares are Vanguard International Value Fund and Blackrock Emerging Markets Fund. Data provided on Jan 30, 2023 indicates that Vanguard International Value Fund owns about 27.55 million shares. This amounts to just over 0.52 percent of the company’s overall shares, with a $76.87 million market value. The same data shows that the other fund manager holds slightly less at 23.02 million, or about 0.43% of the stock, which is worth about $64.23 million.

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