Banco Bradesco SA (BBDO) Declares Special Dividend of $0.01

18,980K shares changed hands by the end of trading on Thursday. Deutsche Bank upgraded the stock to "Buy" rating in Monday, October 12 report. Institutional investors and hedge funds own 2.65% of the company's stock. First Trust Advisors LP now owns 13,620 shares of the company's stock worth $106,000 after buying an additional 3,225 shares during the last quarter. Also published the news titled: "Why Banco Bradesco SA (ADR) (BBD), Coca-Cola Enterprises Inc (CCE) and Great ..." on May 31, 2016. Candriam Luxembourg S.C.A. now owns 14,300 shares of the company's stock worth $112,000 after buying an additional 1,300 shares during the last quarter. Franklin Resources Inc. now owns 25,959,687 shares of the bank's stock worth $220,639,000 after buying an additional 6,842,060 shares in the last quarter. FNY Partners Fund LP purchased a new position in shares of Banco Bradesco SA during the fourth quarter worth approximately $131,000. Baillie Gifford & Co. now owns 15,633,626 shares of the bank's stock worth $160,088,000 after buying an additional 1,720,966 shares in the last quarter.

The opening price for Banco Bradesco S.A. (NYSE:BBD) was $11.24 and the volume amounted to 18.98 million shares which compares with the average volume of 9.62 million shares.

While looking at the Stock's Performance, Banco Bradesco S.A. now shows a Weekly Performance of 2.54%, where Monthly Performance is 12.48%, Quarterly performance is 37.94%, 6 Months performance is 20.49% and yearly performance percentage is 57.38%. The stock's 50 day moving average is $10.31 and its 200 day moving average is $9.36.

The company's P/E ratio is 12.39 and market cap is 68.88B. The company recently declared a dividend for shareholders that was paid on Tuesday the 8th of August 2017. Stockholders of record on Friday, May 5th will be paid a dividend of $0.0061 per share. The difference between the expected and actual EPS was $0.02/share, which represents an Earnings surprise of 9.1%. This is a boost from Banco Bradesco SA's previous special dividend of $0.01. The firm earned "Neutral" rating on Wednesday, September 21 by Goldman Sachs.

Banco Bradesco S.A. (BBD) will report its next earnings on Aug 17.

BBD has been the subject of several recent research reports. Scotiabank raised Banco Bradesco SA from a "sector perform" rating to an "outperform" rating in a report on Wednesday, June 28th. Banco Bradesco SA had 10 analyst reports since July 29, 2015 according to SRatingsIntel. Finally, Goldman Sachs Group, Inc. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. Wall Street is only getting more bullish on the stock, with 2 of analysts who cover BBD having a buy-equivalent rating. Also, the current price highlights a discount of 149.07% to analysts' high consensus price target.

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Banco Bradesco SA is a Brazil-based commercial bank (the Bank). The Bank offers a range of banking and financial services and products in Brazil and overseas to individuals, large, mid-sized and small companies, and local and global firms and institutions. The Company's divisions include Financial; Insurance and Capitalization bonds; Pension plans, and Other Activities.

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