Banco Bradesco S.A. (NYSE:BBDO - Get Free Report) saw strong trading volume on Friday . 49,804 shares traded hands during mid-day trading, an increase of 4% from the previous session's volume of 47,987 shares.The stock last traded at $2.57 and had previously closed at $2.65.
Banco Bradesco Stock Down 1.9%
The business has a 50-day moving average of $2.30 and a 200 day moving average of $2.04. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.01 and a quick ratio of 0.72. The company has a market capitalization of $27.67 billion, a PE ratio of 8.67 and a beta of 0.79.
Banco Bradesco (NYSE:BBDO - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The bank reported $0.09 earnings per share 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. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.0019 per share. The ex-dividend date is Wednesday, June 4th. This represents a yield of 0.91%. Banco Bradesco's payout ratio is currently 6.25%.
Institutional Investors Weigh In On Banco Bradesco
Several large investors have recently added to or reduced their stakes in BBDO. HUB Investment Partners LLC bought a new stake in Banco Bradesco during the fourth quarter worth approximately $25,000. D Orazio & Associates Inc. bought a new position in shares of Banco Bradesco during the first quarter valued at approximately $26,000. Aprio Wealth Management LLC bought a new position in shares of Banco Bradesco during the first quarter valued at approximately $43,000. BSW Wealth Partners grew 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 buying an additional 7,027 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its stake in shares of Banco Bradesco by 402.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 41,349 shares of the bank's stock valued at $74,000 after buying an additional 33,126 shares during 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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