Banco Bradesco S.A. ADR (NYSE: BBD) shares closed Tuesday at $3.13, marking a 3.30% increase from its last close, raising the firm's market valuation to $16.63 billion. The company's share price is currently trading at a discount to its 52-week high of $3.62, indicating a 26.84% rise since its 52-week low of $2.29.
On Monday, the company's shares reached a weekly high of $3.15, reflecting a daily price increase of 0.63%. Year-to-date, the company's shares have risen by 16.16% and by 12.34% over the last five days. The company's short interest cover period stands at 3.41 days.
Analysts project Banco Bradesco's current quarter sales to grow by 11.10%, while sales growth for the next quarter is predicted to be -22.20%. The company is expected to report earnings per share (EPS) of $0.09 for the current quarter.
The firm's EPS is expected to increase by -4.63% in 2023, but the outlook is positive with an annual growth rate of 1.60% over the next five years. The consensus price target for BBD is $4.30, requiring a stock price increase of 27.21% from its current value.
In terms of trading volume, Banco Bradesco recently traded at a volume of 3.71 million shares, with a beta of 0.95. The ten-day average daily trading volume stands at 17.05 million shares and a three-month average of 17.39 million shares.
Institutional investors hold 18.38% of BBD shares, with Sprucegrove Investment Management Ltd being the largest institutional investor, holding 1.59% of the shares as of June 29, 2023. Blackrock (NYSE:BLK) Inc., the second-largest shareholder, held 1.24% or 65.63 million shares worth $227.09 million as of the same date.
The company's annual dividend yield stands at 6.08% and its annual dividend per share was $0.19. The firm's year-over-year growth rate is expected to be -33.40%.
Banco Bradesco's market capitalization is $16.09 billion based on 10,658,488K outstanding shares, with sales totaling 46,549 M and income totaling 4,065 M. The company employs 88,381 people and reported an average annual EPS of -4.63%, with $5.31 billion in outstanding shares.
The company's shares traded at $3.03 on November 6, 2023, within a year's range of $2.29 to $3.68. Over five years, yearbook sales dropped by -1.44%. The company achieved a net margin of +6.53% and a return on equity of 13.74%.
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