Banco Bradesco S.A. ADR (NYSE:BBD) has a beta value of 0.93 and has seen 5.53 million shares traded in the recent trading session. The company, currently valued at $14.67B, closed the last trade at $2.77 per share which meant it gained $0.02 on the day or 0.73% during that session. The BBD stock price is -23.1% off its 52-week high price of $3.41 and 22.38% above the 52-week low of $2.15. If we look at the company’s 10-day average daily trading volume, we find that it stood at 31.72 million shares traded. The 3-month trading volume is 20.30 million shares.
The consensus among analysts is that Banco Bradesco S.A. ADR (BBD) is Buy stock at the moment, with a recommendation rating of 1.00. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 5 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.09.
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Banco Bradesco S.A. ADR (NYSE:BBD) trade information
Sporting 0.73% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the BBD stock price touched $2.77 or saw a rise of 0.72%. Year-to-date, Banco Bradesco S.A. ADR shares have moved -17.48%, while the 5-day performance has seen it change 9.92%. Over the past 30 days, the shares of Banco Bradesco S.A. ADR (NYSE:BBD) have changed 17.56%. Short interest in the company has seen 45.55 million shares shorted with days to cover at 2.04.
Banco Bradesco S.A. ADR (BBD) estimates and forecasts
Figures show that Banco Bradesco S.A. ADR shares have outperformed across the wider relevant industry. The company’s shares have gained 6.72% over the past 6 months, with this year growth rate of 13.33%, compared to 3.90% for the industry. Revenue growth from the last financial year stood is estimated to be 15.70%.
2 analysts offering their estimates for the company have set an average revenue estimate of 5.66B for the current quarter. 2 have an estimated revenue figure of 5.96B for the next ending quarter. Year-ago sales stood 4.38B and 5.21B respectively for this quarter and the next, and analysts expect sales will grow by 29.10% for the current quarter and 15.70% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -11.30% over the past 5 years. Earnings growth for 2024 is a modest 5.71% while over the next 5 years, the company’s earnings are expected to increase by 27.70%.
BBD Dividends
Banco Bradesco S.A. ADR is expected to release its next earnings report 2024-Oct-31 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.00 at a share yield of 0.13%.
Banco Bradesco S.A. ADR (NYSE:BBD)’s Major holders
The top two institutional holders are BLACKROCK INC. with over 83.15 million shares worth more than $237.82 million. As of 2024-03-31, BLACKROCK INC. held 0.783% of shares outstanding.
The other major institutional holder is SPRUCEGROVE INVESTMENT MANAGEMENT LTD, with the holding of over 73.94 million shares as of 2024-03-31. The firm’s total holdings are worth over $211.47 million and represent 0.6963% of shares outstanding.
