Shares of Banco Bradesco S.A. (NYSE:BBDO - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $2.64 and last traded at $2.62, with a volume of 53602 shares traded. The stock had previously closed at $2.59.
Banco Bradesco Stock Down 0.8%
The firm has a market capitalization of $27.35 billion, a PE ratio of 8.57 and a beta of 0.76. The company has a fifty day simple moving average of $2.22 and a two-hundred day simple moving average of $2.02. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.72 and a current ratio of 1.01.
Banco Bradesco (NYSE:BBDO - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The bank reported $0.09 earnings per share for the quarter. Banco Bradesco had a return on equity of 11.43% and a net margin of 8.46%.
Banco Bradesco Cuts Dividend
The business also recently announced a dividend, which will be paid on Wednesday, July 9th. Investors of record on Thursday, June 5th will be issued a dividend of $0.0019 per share. This represents a yield of 0.91%. The ex-dividend date is Wednesday, June 4th. Banco Bradesco's dividend payout ratio (DPR) is 6.25%.
Institutional Trading of Banco Bradesco
Several hedge funds and other institutional investors have recently bought and sold shares of BBDO. Goldman Sachs Group Inc. lifted its position in shares of Banco Bradesco by 54.2% in the first quarter. Goldman Sachs Group Inc. now owns 516,081 shares of the bank's stock valued at $1,073,000 after acquiring an additional 181,299 shares in the last quarter. Kathmere Capital Management LLC acquired a new stake in shares of Banco Bradesco in the first quarter valued at $98,000. O Shaughnessy Asset Management LLC grew its stake in shares of Banco Bradesco by 402.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 41,349 shares of the bank's stock valued at $74,000 after buying an additional 33,126 shares in the last quarter. Aprio Wealth Management LLC acquired a new stake in shares of Banco Bradesco in the first quarter valued at $43,000. Finally, HUB Investment Partners LLC purchased a new position in Banco Bradesco in the fourth quarter valued at $25,000.
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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