Banco Bradesco S.A. ADR (NYSE: BBD) Dropped -5.93% In 6 Months – Here’s What Might Happen Next

Banco Bradesco S.A. ADR (NYSE:BBD)’s traded shares stood at 6.37 million during the last session, with the company’s beta value hitting 0.99. At the last check today, the stock’s price was $2.39, to imply an increase of 1.73% or $0.04 in intraday trading. The BBD share’s 52-week high remains $3.41, putting it -42.68% down since that peak but still an impressive 10.04% since price per share fell to its 52-week low of $2.15. The company has a valuation of $12.66B, with an average of 28.41 million shares in intraday trading volume over the past 10 days and average of 29.94 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Banco Bradesco S.A. ADR (BBD), translating to a mean rating of 1.00. Of 5 analyst(s) looking at the stock, 1 analyst(s) give BBD a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 3 recommend it as a Buy.

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

After registering a 1.73% upside in the latest session, Banco Bradesco S.A. ADR (BBD) has traded red over the past five days. The 5-day price performance for the stock is 2.17%, and -10.34% over 30 days. With these gigs, the year-to-date price performance is -28.69%. Short interest in Banco Bradesco S.A. ADR (NYSE:BBD) saw shorts transact 17.95 million shares and set a 0.6 days time to cover.

The extremes give us $3.2 and $3.2 for target low and target high price respectively. As such, BBD has been trading -33.89% off suggested target high and -33.89% from its likely low.

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

Looking at statistics comparing Banco Bradesco S.A. ADR share performance against respective industry, we note that the company has outperformed competitors. Banco Bradesco S.A. ADR (BBD) shares are -5.93% down over the last 6 months, with its year-to-date growth rate higher than industry average at 13.33% against 5.10%.

An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -11.30% for the past 5-year period. While 2024 is set for a 6.69% return in earnings, projections for the next 5 years are at 25.80% annually.

BBD Dividends

Banco Bradesco S.A. ADR has its next earnings report out on 2025-Feb-05. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Banco Bradesco S.A. ADR has a forward dividend ratio of 0.05, with the share yield ticking at 1.93% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 4.05%.

The next major institution holding the largest number of shares is SPRUCEGROVE INVESTMENT MANAGEMENT LTD with 72.74 million shares, or about 0.685% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $162.94 million.