In today’s recent session, 4.19 million shares of the Banco Bradesco S.A. ADR (NYSE:BBD) have been traded, and its beta is 0.61. Most recently the company’s share price was $2.31, and it changed around $0.01 or 0.22% from the last close, which brings the market valuation of the company to $12.19B. BBD at last check was trading at a discount to its 52-week high of $2.87, offering almost -24.24% off that amount. The share price’s 52-week low was $1.79, which indicates that the recent value has risen by an impressive 22.51% since then. We note from Banco Bradesco S.A. ADR’s average daily trading volume that its 10-day average is 38.83 million shares, with the 3-month average coming to 45.40 million.
Banco Bradesco S.A. ADR stock received a consensus recommendation rating of Hold, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 2 recommended BBD as a Hold, whereas 1 deemed it a Buy, and 1 rated it as Underweight. Banco Bradesco S.A. ADR is expected to report earnings per share of 0.09 for the current quarter.
Banco Bradesco S.A. ADR (NYSE:BBD) trade information
Instantly BBD has been showing a green trend so far today with a performance of 0.22% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.36 on recent trading dayincreased the stock’s daily price by 2.12%. The company’s shares are currently up 24.34% year-to-date, but still up 2.90% over the last five days. On the other hand, Banco Bradesco S.A. ADR (NYSE:BBD) is 11.53% up in the 30-day period. We can see from the shorts that 162.92 million shares have been sold at a short interest cover period of 3.73 day(s).
The consensus price target as assigned by Wall Street analysts is $3.2, which translates to bulls needing to increase their stock price by 27.81% from its current value. Analyst projections state that BBD is forecast to be at a low of $3.2 and a high of $3.2.
Banco Bradesco S.A. ADR (BBD) estimates and forecasts
The year-over-year growth rate is expected to be 7.44%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 30.54B in revenue for the current quarter. 2 analysts expect Banco Bradesco S.A. ADR to make 31.68B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 28.01B and 25.69B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 9.02%. Forecasts for the next quarter put sales growth at 23.30%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -10.85%. Banco Bradesco S.A. ADR earnings are expected to increase by 13.50% in 2025, but the outlook is positive 14.03% 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 2025-Feb-09. The annual dividend yield of the stock is 2.07 percent and its annual dividend per share was 0.05. It is important to note, however, that the 2.07% 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 4.38 per year.
Banco Bradesco S.A. ADR (NYSE:BBD)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.03% of Banco Bradesco S.A. ADR shares, and 20.60% of them are in the hands of institutional investors. The stock currently has a share float of 20.61%. Banco Bradesco S.A. ADR stock is held by 321.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 0.6909% of the shares, which is about 73.39 million shares worth $164.38 million.
SPRUCEGROVE INVESTMENT MANAGEMENT LTD, with 0.6849% or 72.74 million shares worth $162.94 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
MFS Research International Fund and MFS Emerging Markets Equity Fund were the top two Mutual Funds as of Nov 30, 2024. The former held 42.8 shares worth $98.43 million, making up 0.81% of all outstanding shares. On the other hand, MFS Emerging Markets Equity Fund held roughly 26.56 shares worth around $61.08 million, which represents about 0.50% of the total shares outstanding.
