Banco Bradesco SA (NYSE:BBDO - Get Free Report) shares reached a new 52-week high on Monday . The stock traded as high as $2.70 and last traded at $2.69, with a volume of 13688 shares. The stock had previously closed at $2.59.
Banco Bradesco Price Performance
The firm has a market cap of $28.61 billion, a price-to-earnings ratio of 8.40 and a beta of 0.79. 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 company's 50-day moving average is $2.35 and its 200-day moving average is $2.06.
Banco Bradesco (NYSE:BBDO - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The bank reported $0.09 earnings per share (EPS) for the quarter. Banco Bradesco had a return on equity of 12.33% and a net margin of 9.08%.
Banco Bradesco Cuts Dividend
The firm also recently announced a dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.0019 per share. This represents a yield of 0.91%. The ex-dividend date of this dividend is Wednesday, June 4th. Banco Bradesco's payout ratio is 6.25%.
Institutional Investors Weigh In On Banco Bradesco
A number of hedge funds have recently made changes to their positions in the stock. BSW Wealth Partners increased its position in 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 in the last quarter. Northern Trust Corp increased its holdings in shares of Banco Bradesco by 8.9% during the fourth quarter. Northern Trust Corp now owns 117,991 shares of the bank's stock worth $211,000 after buying an additional 9,627 shares in the last quarter. D Orazio & Associates Inc. acquired a new position in shares of Banco Bradesco during the first quarter worth $26,000. HUB Investment Partners LLC bought a new position in shares of Banco Bradesco in the 4th quarter valued at $25,000. Finally, Aprio Wealth Management LLC acquired a new stake in shares of Banco Bradesco during the 1st quarter valued at $43,000.
Banco Bradesco Company Profile
(
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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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