In the last trading session, 41.55 million Banco Bradesco S.A. ADR (NYSE:BBD) shares changed hands as the company’s beta touched 0.60. With the company’s per share price at $2.21 changed hands at $0.0 or 0.00% during last session, the market valuation stood at $11.69B. BBD’s last price was a discount, traded about -29.86% off its 52-week high of $2.87. The share price had its 52-week low at $1.79, which suggests the last value was 19.0% up since then. When we look at Banco Bradesco S.A. ADR’s average trading volume, we note the 10-day average is 47.6 million shares, with the 3-month average coming to 45.22 million.
Analysts gave the Banco Bradesco S.A. ADR (BBD) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 1 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended BBD as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Banco Bradesco S.A. ADR’s EPS for the current quarter is expected to be 0.09.
Banco Bradesco S.A. ADR (NYSE:BBD) trade information
The company’s shares are showing year-to-date upside of 19.21%, with the 5-day performance at 10.50% in the green. However, in the 30-day time frame, Banco Bradesco S.A. ADR (NYSE:BBD) is 2.01% up. Looking at the short shares, we see there were 154.23 million shares sold at short interest cover period of 3.24 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3.2, meaning bulls need an upside of 30.94% from its current market value. According to analyst projections, BBD’s forecast low is 3.2 with 3.2 as the target high. To hit the forecast high, the stock’s price needs a -44.8% plunge from its current level, while the stock would need to soar -44.8% for it to hit the projected low.
Banco Bradesco S.A. ADR (BBD) estimates and forecasts
Year-over-year growth is forecast to reach 7.44% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 30.54B. 2 analysts are of the opinion that Banco Bradesco S.A. ADR’s revenue for the current quarter will be 31.68B. The company’s revenue for the corresponding quarters a year ago was 28.01B and 25.69B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 9.02%. The estimates for the next quarter sales put growth at 23.30%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -10.85%. The 2025 estimates are for Banco Bradesco S.A. ADR earnings to increase by 13.36%, but the outlook for the next 5-year period is at 14.48% per year.
BBD Dividends
Banco Bradesco S.A. ADR is expected to release its next quarterly earnings report on 2025-Feb-09. The 2.16% annual yield figure for the share gives it an annual dividend of 0.05. It is important to note, however, that the 2.16% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 4.38 per year.
Banco Bradesco S.A. ADR (NYSE:BBD)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.03% of Banco Bradesco S.A. ADR shares while 20.54% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 20.55%. There are 20.54% institutions holding the Banco Bradesco S.A. ADR stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 0.691% of the shares, roughly 73.39 million BBD shares worth $164.38 million.
SPRUCEGROVE INVESTMENT MANAGEMENT LTD holds the second largest percentage of outstanding shares, with 0.6849% or 72.74 million shares worth $162.94 million as of 2024-06-30.
Among Mutual Funds, the top two as of Nov 30, 2024 were MFS Research International Fund and MFS Series Trust X-MFS Emerging Markets Equity Fund . With 42.8 shares estimated at $94.58 million under it, the former controlled 0.81% of total outstanding shares. On the other hand, MFS Series Trust X-MFS Emerging Markets Equity Fund held about 0.50% of the shares, roughly 26.56 shares worth around $58.69 million.
