M&T Bank Corp Has $153,000 Stock Holdings in Banco Bradesco S.A. (NYSE:BBD)

M&T Bank Corp increased its stake in shares of Banco Bradesco S.A. (NYSE:BBD) by 38.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,241 shares of the bank’s stock after purchasing an additional 22,150 shares during the quarter. M&T Bank Corp’s holdings in Banco Bradesco were worth $153,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Insigneo Advisory Services LLC raised its stake in shares of Banco Bradesco by 23.9% during the third quarter. Insigneo Advisory Services LLC now owns 22,120 shares of the bank’s stock valued at $59,000 after acquiring an additional 4,260 shares during the last quarter. Eagle Bay Advisors LLC increased its position in shares of Banco Bradesco by 37.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 27,400 shares of the bank’s stock worth $54,000 after buying an additional 7,400 shares during the period. Atria Investments Inc increased its position in shares of Banco Bradesco by 24.3% during the third quarter. Atria Investments Inc now owns 44,151 shares of the bank’s stock worth $117,000 after buying an additional 8,641 shares during the period. Blue Trust Inc. increased its position in shares of Banco Bradesco by 78.2% during the fourth quarter. Blue Trust Inc. now owns 20,055 shares of the bank’s stock worth $38,000 after buying an additional 8,801 shares during the period. Finally, Caprock Group LLC increased its position in shares of Banco Bradesco by 78.5% during the third quarter. Caprock Group LLC now owns 25,456 shares of the bank’s stock worth $69,000 after buying an additional 11,192 shares during the period.

Banco Bradesco Trading Up 5.1 %

NYSE:BBD opened at $2.15 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.72 and a debt-to-equity ratio of 2.48. The stock has a market capitalization of $22.83 billion, a price-to-earnings ratio of 7.15, a PEG ratio of 0.32 and a beta of 0.94. The firm has a fifty day simple moving average of $2.03 and a two-hundred day simple moving average of $2.29. Banco Bradesco S.A. has a 12 month low of $1.84 and a 12 month high of $2.98.

Banco Bradesco (NYSE:BBD) last posted its quarterly earnings results on Friday, February 7th. The bank reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. Banco Bradesco had a net margin of 8.46% and a return on equity of 11.43%. Analysts expect that Banco Bradesco S.A. will post 0.37 EPS for the current fiscal year.

Banco Bradesco Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 7th will be issued a $0.0033 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.83%. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date is Friday, March 7th. Banco Bradesco’s dividend payout ratio (DPR) is presently 6.67%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BBD shares. The Goldman Sachs Group cut shares of Banco Bradesco from a “buy” rating to a “sell” rating and decreased their price objective for the stock from $2.40 to $2.00 in a research report on Wednesday, February 12th. JPMorgan Chase & Co. cut shares of Banco Bradesco from an “overweight” rating to a “neutral” rating in a research report on Monday, November 25th. Finally, HSBC upgraded shares of Banco Bradesco from a “hold” rating to a “buy” rating and set a $2.80 price objective for the company in a research report on Monday, January 13th.

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.