Dividend Announcement: Banco Bradesco S.A. announced a dividend on Saturday, May 31st. For its shares traded under NYSE:BBDO, shareholders of record on Thursday, June 5th, will receive a dividend of $0.0019 per share, payable on Wednesday, July 9th. This represents a yield of 0.91% for BBDO. The ex-dividend date for this is Wednesday, June 4th. Separately, for its shares traded as NYSE:BBD, stockholders of record on the same date, June 5th, will be paid a dividend of $0.0021 per share, also on Wednesday, July 9th. This corresponds to a dividend yield of 0.88% for BBD, with an identical ex-dividend date of June 4th. Reports indicate that Banco Bradesco has decreased its dividend payment by an average of 15.5% annually over the last three years. For BBD, the company has a payout ratio of 9.8%, meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Banco Bradesco to earn $0.43 per share next year for its BBD-listed stock, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 9.3%.

Stock Performance for NYSE:BBDO: Shares of Banco Bradesco stock (NYSE:BBDO) opened at $2.48 on a recent Friday. The stock has experienced a one-year low of $1.71 and a one-year high of $2.64. The company’s 50-day simple moving average stood at $2.19, while its two-hundred day simple moving average was $2.01. For BBDO, the company has a market capitalization of $26.39 billion, a price-to-earnings (PE) ratio of 8.27, and a beta of 0.76.

Stock Performance for NYSE:BBD: For its NYSE:BBD listed shares, Banco Bradesco opened at $2.87 on the same Friday. The 50-day moving average price for BBD was $2.43, and the 200-day moving average price was $2.20. The 12-month low for BBD shares was $1.84, with a high of $2.96. The market capitalization for BBD is $30.54 billion. It has a P/E ratio of 9.57, a price-to-earnings-growth (PEG) ratio of 0.32, and a beta of 0.65.

Financial Health and Earnings: Across its operations, Banco Bradesco reported a net margin of 8.46% and a return on equity of 11.43%. The company maintains a debt-to-equity ratio of 2.48, a quick ratio of 0.72, and a current ratio of 1.01. These metrics provide insight into the bank's financial stability and profitability. In its latest quarterly earnings data released on Wednesday, May 7th, Banco Bradesco reported $0.09 earnings per share (EPS) for the quarter. For its BBD-listed shares, this met the consensus estimate of $0.09. The firm had revenue of $5.69 billion during the quarter for its BBD-listed shares. As a group, equities analysts anticipate that Banco Bradesco (BBD) will post 0.37 EPS for the current year.

Institutional Investment Activity: Institutional investors have recently adjusted their positions in Banco Bradesco stock. Goldman Sachs Group Inc. notably increased its holdings. For BBDO shares, Goldman Sachs grew its stake by 54.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 516,081 shares of BBDO, valued at $1,073,000, after acquiring an additional 181,299 shares. For BBD shares, Goldman Sachs Group Inc. raised its stake by 116.9% in the first quarter, holding 33,132,112 shares worth $73,885,000 after purchasing an additional 17,853,712 shares. Other institutional movements for BBD shares include Jones Financial Companies Lllp, which raised its stake by an impressive 3,749.8% in the first quarter to own 38,613 shares valued at $86,000. Millennium Management LLC also increased its stake in BBD by 28.4% in the first quarter, then holding 6,834,192 shares worth $15,240,000.

Analyst Ratings and Outlook: Banco Bradesco's BBD-listed shares have been the subject of several recent analyst reports. Bank of America upgraded its rating on Banco Bradesco shares from "neutral" to "buy" in a research note on Thursday, May 8th. In contrast, The Goldman Sachs Group downgraded shares of Banco Bradesco from a "buy" rating to a "sell" rating and lowered their price objective for the company from $2.40 to $2.00 in a research note on Wednesday, February 12th. Additionally, Citigroup raised its rating on Banco Bradesco shares from a "hold" rating to a "buy" rating in a research note on a Wednesday. Based on data from MarketBeat.com, for BBD, one analyst has rated the stock with a sell rating, one has issued a hold rating, and three have assigned a buy rating. The stock presently has a consensus rating of "Hold" and an average target price of $2.40. Separately, it was noted that Banco Bradesco (BBDO) currently has a "Hold" rating among analysts.

Company Profile: Banco Bradesco S.A., together with its subsidiaries, provides a diverse array of banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two main segments: Banking and Insurance. Its comprehensive offerings include current accounts, savings accounts, click accounts, and salary accounts. Credit facilities span real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit. Furthermore, Banco Bradesco provides overdraft facilities, agribusiness loans, debit and business cards, financial and security services, consortium products, and a variety of insurance options such as car, personal accident, dental, travel, and life insurance. The bank also offers investment products, pension products, foreign currency exchange services, capitalization bonds, and internet banking services to its clientele.