Banco Bradesco Releases Quarterly Earnings Results

Banco Bradesco (NYSE:BBD) reported its quarterly earnings results on Friday. For the quarter, the bank announced earnings of $0.09 per share, which aligns with the consensus estimates provided by analysts. This performance indicates that the bank is meeting market expectations.

The bank achieved a return on equity of 10.17%, along with a net margin of 7.43% for the period, demonstrating its ability to effectively manage income relative to its equity and expenses.

Market Performance of Banco Bradesco

On Friday, during mid-day trading, Banco Bradesco's stock price decreased by 5.6%, changing hands at $2.11. The trading volume stood at 61,246,917 shares, which is higher than its average volume of 52,011,828 shares. The company's market capitalization is currently valued at $22.40 billion, with a price-to-earnings (P/E) ratio of 8.10, a price-to-earnings growth (P/E/G) ratio of 0.26, and a beta of 0.94. Over the past year, the stock has reached a low of $1.84 and a high of $2.98. Banco Bradesco has a debt-to-equity ratio of 0.36, as well as a quick and current ratio of 0.72 each. The firm's fifty-day simple moving average is $1.99, while its two-hundred-day simple moving average stands at $2.38.

Dividend Announcement

Banco Bradesco has also announced a monthly dividend that will be distributed on March 12th. Shareholders on record as of February 5th will receive a dividend of $0.0031 per share. Annually, this translates to a total dividend of $0.04, giving a yield of 1.77%. The ex-dividend date is also set for February 5th. Presently, the bank's dividend payout ratio (DPR) is at 11.54%, indicating a conservative approach towards balancing dividends and reinvestment.

Analyst Ratings and Price Targets

Various research firms have weighed in on Banco Bradesco's stock. For instance, The Goldman Sachs Group has reduced its price target for the shares from $3.20 to $2.30 while maintaining a