Banco Bradesco SA (NYSE:BBDO - Get Free Report) shares hit a new 52-week high on Monday . The company traded as high as $2.70 and last traded at $2.69, with a volume of 13688 shares changing hands. The stock had previously closed at $2.59.
Banco Bradesco Stock Performance
The firm has a 50-day moving average of $2.32 and a 200-day moving average of $2.05. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $28.73 billion, a price-to-earnings ratio of 7.27 and a beta of 0.79.
Banco Bradesco (NYSE:BBDO - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The bank reported $0.09 earnings per share for the quarter. Banco Bradesco had a net margin of 9.08% and a return on equity of 12.33%.
Banco Bradesco Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Thursday, June 5th will be given a $0.0019 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a yield of 0.91%. Banco Bradesco's dividend payout ratio is presently 6.25%.
Institutional Trading of Banco Bradesco
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BBDO. D Orazio & Associates Inc. purchased a new stake in Banco Bradesco in the 1st quarter worth $26,000. HUB Investment Partners LLC purchased a new stake in shares of Banco Bradesco during the 4th quarter valued at approximately $25,000. Aprio Wealth Management LLC acquired a new stake in Banco Bradesco during the first quarter worth $43,000. BSW Wealth Partners grew its holdings in shares of Banco Bradesco by 29.7% during the 1st quarter. BSW Wealth Partners now owns 30,709 shares of the bank's stock worth $64,000 after purchasing an additional 7,027 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its position in shares of Banco Bradesco by 402.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 41,349 shares of the bank's stock valued at $74,000 after acquiring an additional 33,126 shares during the last quarter.
About Banco Bradesco
(
Get Free Report)
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.
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