Banco Bradesco S.A. (NYSE:BBDO - Get Free Report) reached a new 52-week high during trading 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 Price Performance
The firm's 50 day simple moving average is $2.24 and its 200 day simple moving average is $2.03. The company has a market cap of $27.14 billion, a price-to-earnings ratio of 8.50 and a beta of 0.76. The company has a quick ratio of 0.72, a current ratio of 1.01 and a debt-to-equity ratio of 2.48.
Banco Bradesco (NYSE:BBDO - Get Free Report) last posted its earnings results on Wednesday, May 7th. The bank reported $0.09 EPS 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 disclosed a dividend, which will be paid on Wednesday, July 9th. Investors of record on Thursday, June 5th will be paid a dividend of $0.0019 per share. This represents a dividend yield of 0.91%. The ex-dividend date of this dividend is Wednesday, June 4th. Banco Bradesco's dividend payout ratio is currently 6.25%.
Hedge Funds Weigh In On Banco Bradesco
Institutional investors and hedge funds have recently bought and sold shares of the stock. BSW Wealth Partners increased its stake in shares of Banco Bradesco by 29.7% during the first quarter. BSW Wealth Partners now owns 30,709 shares of the bank's stock valued at $64,000 after acquiring an additional 7,027 shares during the period. Northern Trust Corp boosted its stake in Banco Bradesco by 8.9% during the 4th quarter. Northern Trust Corp now owns 117,991 shares of the bank's stock valued at $211,000 after purchasing an additional 9,627 shares in the last quarter. D Orazio & Associates Inc. acquired a new position in Banco Bradesco during the first quarter worth about $26,000. HUB Investment Partners LLC bought a new stake in Banco Bradesco in the fourth quarter worth about $25,000. Finally, Aprio Wealth Management LLC bought a new stake in Banco Bradesco in the first quarter worth about $43,000.
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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