Banco Bradesco S.A. (BBD) Analysis & Opinions from Experts

Banco Bradesco S.A. (NYSE: BBD) is -1.45% lower on its value in year-to-date trading and has touched a low of $2.62 and a high of $7.87 in the current 52-week trading range. The BBD stock was last observed hovering at around $5.12 in the last trading session, with the day’s gains setting it 0.06% off its average median price target of $5.46 for the next 12 months. It is also 28.55% off the consensus price target high of $7.25 offered by 13 analysts, but current levels are -13.85% lower than the price target low of $4.55 for the same period.

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Currently trading at $5.18, the stock is 0.20% and 11.61% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 18.7 million and changing 1.17% at the moment leaves the stock 30.90% off its SMA200. BBD registered -32.72% loss for a year compared to 6-month gain of 29.94%. The firm has a 50-day simple moving average (SMA 50) of $5.06 and a 200-day simple moving average (SMA200) of $4.20.

The stock witnessed a 3.23% loss in the last 1 month and extending the period to 3 months gives it a 53.30%, and is -1.64% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.86% over the week and 2.95% over the month.

Current P/E ratio is 7.40 and Fwd P/E is 9.96. Distance from 52-week low is 97.70% and -34.20% from its 52-week high.

Banco Bradesco S.A. (BBD) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Banco Bradesco S.A. (BBD) is a “Buy”. 13 analysts offering their recommendations for the stock have an average rating of 1.90, where 1 rate it as a Hold and 0 think it is a “Overweight”. 12 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Banco Bradesco S.A. is expected to release its quarterly report on 05/04/2021 and quarterly earnings per share for the current quarter are estimated at $0.11 with sales reaching $4.84B over the same period.The EPS is expected to shrink by -51.40% this year, but quarterly earnings will post -36.50% year-over-year. Quarterly sales are estimated to shrink -29.30% in year-over-year returns.

Banco Bradesco S.A. (BBD) Top Institutional Holders

347 institutions hold shares in Banco Bradesco S.A. (BBD), with 530.13k shares held by insiders accounting for 0.01% while institutional investors hold 17.55% of the company’s shares. Institutions hold 17.54% of the Float.

The top institutional shareholder in the company is Standard Life Aberdeen PLC with over 83.84 million shares valued at $287.58 million. The investor’s holdings represent 1.89% of the BBD Shares outstanding. As of Sep 29, 2020, the second largest holder is Harding Loevner LLC with 48.29 million shares valued at $165.65 million to account for 1.09% of the shares outstanding. The other top investors are Blackrock Inc. which holds 45.74 million shares representing 1.03% and valued at over $156.87 million, while Sprucegrove Investment Management Ltd holds 0.85% of the shares totaling 37.57 million with a market value of $128.86 million.

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Banco Bradesco S.A. (BBD): Who are the competitors?

The company’s main competitors (and peers) include Mitsubishi UFJ Financial Group Inc. (MUFG) that is trading -13.06% down over the past 12 months. Banco Bilbao Vizcaya Argentaria S.A. (BBVA) is -5.36% down on the 1-year trading charts. Short interest in the company’s stock has risen 22.98% from the last report on Nov 12, 2020 to stand at a total of 28.75 million short shares sold with a short interest ratio of 1.4.

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