Catalytic Wealth RIA LLC Acquires 11,883 Shares of Banco Bradesco S.A. (NYSE:BBD)

Catalytic Wealth RIA LLC raised its holdings in shares of Banco Bradesco S.A. (NYSE:BBD) by 34.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 46,774 shares of the bank’s stock after buying an additional 11,883 shares during the period. Catalytic Wealth RIA LLC’s holdings in Banco Bradesco were worth $124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Inspire Investing LLC acquired a new position in shares of Banco Bradesco in the first quarter worth approximately $29,000. Blue Trust Inc. lifted its position in shares of Banco Bradesco by 99.9% during the 3rd quarter. Blue Trust Inc. now owns 11,254 shares of the bank’s stock valued at $30,000 after buying an additional 5,623 shares during the last quarter. Insigneo Advisory Services LLC purchased a new position in shares of Banco Bradesco during the 2nd quarter valued at $43,000. Mayport LLC bought a new stake in shares of Banco Bradesco during the 2nd quarter valued at $47,000. Finally, SG Americas Securities LLC bought a new position in Banco Bradesco in the 2nd quarter worth about $49,000.

Banco Bradesco Stock Performance

Banco Bradesco stock opened at $2.31 on Wednesday. The stock has a fifty day simple moving average of $2.65 and a two-hundred day simple moving average of $2.55. Banco Bradesco S.A. has a 12 month low of $2.16 and a 12 month high of $3.65. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.72 and a quick ratio of 0.72.

Banco Bradesco (NYSE:BBD) last posted its quarterly earnings data on Thursday, October 31st. The bank reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Banco Bradesco had a return on equity of 10.17% and a net margin of 7.43%. The company had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $5.62 billion. As a group, analysts expect that Banco Bradesco S.A. will post 0.34 EPS for the current year.

Banco Bradesco Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Wednesday, December 4th will be issued a dividend of $0.0033 per share. This represents a $0.04 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Wednesday, December 4th. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s payout ratio is currently 11.54%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded Banco Bradesco from a “neutral” rating to a “buy” rating and increased their price objective for the company from $2.50 to $3.20 in a research report on Monday, August 19th.

Banco Bradesco Profile

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services.