Banco Bradesco S.A. ADR (NYSE: BBD): A Competitive Analysis And Growth Prospects

In today’s recent session, 5.78 million shares of the Banco Bradesco S.A. ADR (NYSE:BBD) have been traded, and its beta is 0.90. Most recently the company’s share price was $2.52, and it changed around $0.02 or 0.80% from the last close, which brings the market valuation of the company to $13.36B. BBD at last check was trading at a discount to its 52-week high of $3.41, offering almost -35.32% off that amount. The share price’s 52-week low was $2.15, which indicates that the recent value has risen by an impressive 14.68% since then. We note from Banco Bradesco S.A. ADR’s average daily trading volume that its 10-day average is 27.6 million shares, with the 3-month average coming to 20.64 million.

Banco Bradesco S.A. ADR stock received a consensus recommendation rating of Hold, based on a mean score of 2.00. If we narrow it down even further, the data shows that 1 out of 7 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 4 recommended BBD as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight.

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

Instantly BBD has been showing a green trend so far today with a performance of 0.80% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.60 on recent trading dayincreased the stock’s daily price by 3.08%. The company’s shares are currently down -24.93% year-to-date, but still up 13.69% over the last five days. On the other hand, Banco Bradesco S.A. ADR (NYSE:BBD) is 8.79% up in the 30-day period. We can see from the shorts that 52.7 million shares have been sold at a short interest cover period of 2.52 day(s).

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

Banco Bradesco S.A. ADR 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 fallen -21.75 percent over the past six months and at a 13.33% annual growth rate that is well above the industry average of 3.70%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -11.30%. Banco Bradesco S.A. ADR earnings are expected to increase by 6.12% in 2024, but the outlook is positive 27.70% per year for the next five years.

BBD Dividends

Banco Bradesco S.A. ADR’s next quarterly earnings report is expected to be released on 2024-Oct-31. The annual dividend yield of the stock is 0.14 percent and its annual dividend per share was 0.00. It is important to note, however, that the 0.14% 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 3.92 per year.

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

SPRUCEGROVE INVESTMENT MANAGEMENT LTD, with 0.6963% or 73.94 million shares worth $211.47 million as of 2024-03-31, holds the second largest percentage of outstanding shares.