Banco Bradesco (NYSE:BBDO) Reaches New 12-Month High - What's Next?

Key Points

• Banco Bradesco shares hit a new 52-week high, trading as high as $3.00, closing last at $2.96 with a trading volume of 3,579 shares.
• The bank's latest quarterly earnings report showed earnings per share of $0.10, along with a net margin of 9.76% and a return on equity of 12.96%.
• Banco Bradesco announced a monthly dividend of $0.0032, with a dividend yield of 1.3%, to be paid on November 10th.

Banco Bradesco SA (NYSE:BBDO - Get Free Report) shares reached a new 52-week high on Monday . The stock traded as high as $3.00 and last traded at $2.96, with a volume of 3579 shares traded. The stock had previously closed at $2.88.

Banco Bradesco Stock Up 1.9%

The company has a debt-to-equity ratio of 0.63, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market capitalization of $31.23 billion, a P/E ratio of 8.39 and a beta of 0.84. The company's 50-day simple moving average is $2.64 and its two-hundred day simple moving average is $2.44.

Banco Bradesco (NYSE:BBDO - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The bank reported $0.10 earnings per share for the quarter. Banco Bradesco had a net margin of 9.76% and a return on equity of 12.96%.

Banco Bradesco Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 10th. Stockholders of record on Friday, October 3rd will be paid a $0.0032 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. Banco Bradesco's dividend payout ratio is 5.71%.

Institutional Trading of Banco Bradesco

A number of hedge funds and other institutional investors have recently modified their holdings of BBDO. Northern Trust Corp increased its stake in shares of Banco Bradesco by 8.9% in the fourth quarter. Northern Trust Corp now owns 117,991 shares of the bank's stock worth $211,000 after purchasing an additional 9,627 shares in the last quarter. D Orazio & Associates Inc. purchased a new stake in shares of Banco Bradesco in the first quarter worth $26,000. BSW Wealth Partners increased its stake in shares of Banco Bradesco by 29.7% in the first 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. Kathmere Capital Management LLC bought a new position in shares of Banco Bradesco during the first quarter worth $98,000. Finally, Aprio Wealth Management LLC bought a new position in shares of Banco Bradesco during the first quarter worth $43,000.

Banco Bradesco Company Profile

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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