Banco Bradesco (NYSE:BBDO) Sees Large Volume Increase - Here's Why

Shares of Banco Bradesco SA (NYSE:BBDO - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 116,988 shares changed hands during mid-day trading, an increase of 140% from the previous session's volume of 48,831 shares.The stock last traded at $2.43 and had previously closed at $2.43.

Banco Bradesco Price Performance

The firm has a market capitalization of $25.81 billion, a PE ratio of 7.58 and a beta of 0.80. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a fifty day moving average price of $2.57 and a 200-day moving average price of $2.18.

Banco Bradesco (NYSE:BBDO - Get Free Report) last posted 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 Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, February 10th. Stockholders of record on Thursday, July 3rd will be paid a dividend of $0.0319 per share. The ex-dividend date is Wednesday, July 2nd. This is an increase from Banco Bradesco's previous dividend of $0.00. This represents a dividend yield of 14.01%. Banco Bradesco's dividend payout ratio (DPR) is currently 6.25%.

Hedge Funds Weigh In On Banco Bradesco

A number of large investors have recently bought and sold shares of BBDO. BSW Wealth Partners grew its holdings in shares of Banco Bradesco by 29.7% during the 1st 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 in the last quarter. Northern Trust Corp raised 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 acquiring an additional 9,627 shares during the period. Farther Finance Advisors LLC grew its position in shares of Banco Bradesco by 5,542.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 11,172 shares of the bank's stock valued at $30,000 after acquiring an additional 10,974 shares during the period. D Orazio & Associates Inc. acquired a new stake in Banco Bradesco in the 1st quarter worth about $26,000. Finally, HUB Investment Partners LLC bought a new stake in Banco Bradesco during the 4th quarter worth approximately $25,000.

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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