Banco Bradesco S.A. (NYSE:BBDO - Get Free Report) saw strong trading volume on Wednesday . 212,368 shares traded hands during mid-day trading, an increase of 346% from the previous session's volume of 47,579 shares.The stock last traded at $2.58 and had previously closed at $2.63.
Banco Bradesco Stock Performance
The stock has a market cap of $26.82 billion, a PE ratio of 8.40 and a beta of 0.76. The stock has a fifty day simple moving average of $2.23 and a two-hundred day simple moving average of $2.03. 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 posted its quarterly earnings data on Wednesday, May 7th. The bank reported $0.09 earnings per share (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 firm also recently announced a dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Thursday, June 5th will be given a $0.0019 dividend. This represents a dividend yield of 0.91%. The ex-dividend date of this dividend is Wednesday, June 4th. Banco Bradesco's payout ratio is 6.25%.
Hedge Funds Weigh In On Banco Bradesco
Institutional investors have recently made changes to their positions in the business. HUB Investment Partners LLC acquired a new position in shares of Banco Bradesco in the 4th quarter valued at approximately $25,000. D Orazio & Associates Inc. acquired a new position in shares of Banco Bradesco in the 1st quarter valued at approximately $26,000. Aprio Wealth Management LLC acquired a new position in shares of Banco Bradesco in the 1st quarter valued at approximately $43,000. BSW Wealth Partners raised its position in shares of Banco Bradesco by 29.7% in the 1st quarter. BSW Wealth Partners now owns 30,709 shares of the bank's stock valued at $64,000 after purchasing an additional 7,027 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in shares of Banco Bradesco by 402.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 41,349 shares of the bank's stock valued at $74,000 after purchasing an additional 33,126 shares in the last quarter.
Banco Bradesco Company Profile
(
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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