Banco Bradesco S.A. (NYSE:BBD) is among the best dividend penny stocks to buy according to analysts. Moerus Capital Management LLC has increased its position in Banco Bradesco S.A. (NYSE:BBD) during the first quarter, making the stock its fifth-largest holding. With 12,274,580 shares, valued at $27,372,000, the firm owns 0.12% of the company’s stock.
Banco Bradesco S.A. (NYSE:BBD) recently delivered strong quarter results, with the loan portfolio witnessing a 11.7% year-over-year growth rate and non-performing loans maintaining stability at 4.1%. These metrics, alongside the 15.8% YoY rise in net interest income, signal one thing: higher profitability.
A customer withdrawing money from an ATM, illustrating the company's widespread availability of accounts.
Analysts believe that the bank’s digital transformation and efficiency initiatives will drive the future of Banco Bradesco S.A. (NYSE:BBD). Not only this, the dividend yield of 6% is anything but ordinary within its industry. Despite fintech competition and market concerns, the company offers value and attractive cash flow for investors betting on tomorrow.
Banco Bradesco S.A. (NYSE:BBD) is a Brazilian company that, along with its subsidiaries, offers banking products and services to individuals and institutions. Founded in 1943, the company operates in two segments: Banking and Insurance.
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