Banco Bradesco (NYSE:BBDO) Sees Unusually-High Trading Volume - Still a Buy?

Banco Bradesco SA (NYSE:BBDO - Get Free Report) shares 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 company has a debt-to-equity ratio of 0.63, a quick ratio of 0.76 and a current ratio of 0.76. The company has a 50-day moving average of $2.57 and a 200-day moving average of $2.20. The firm has a market capitalization of $26.45 billion, a price-to-earnings ratio of 7.77 and a beta of 0.80.

Banco Bradesco (NYSE:BBDO - Get Free Report) last announced its 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 declared a dividend, which will be paid on Tuesday, February 10th. Shareholders of record on Thursday, July 3rd will be given a dividend of $0.0319 per share. This represents a yield of 14.01%. The ex-dividend date of this dividend is Wednesday, July 2nd. This is an increase from Banco Bradesco's previous dividend of $0.00. Banco Bradesco's payout ratio is 6.25%.

Institutional Investors Weigh In On Banco Bradesco

A number of institutional investors have recently made changes to their positions in BBDO. Northern Trust Corp grew its holdings in shares of 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 during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in Banco Bradesco by 402.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 41,349 shares of the bank's stock worth $74,000 after purchasing an additional 33,126 shares in the last quarter. Kathmere Capital Management LLC acquired a new position in shares of Banco Bradesco during the first quarter worth approximately $98,000. BSW Wealth Partners increased its holdings in Banco Bradesco by 29.7% during the 1st 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. Finally, D Orazio & Associates Inc. bought a new stake in Banco Bradesco during the 1st quarter worth approximately $26,000.

About Banco Bradesco

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.