Banco Bradesco (NYSE:BBDO) Sees Unusually-High Trading Volume - Here's Why

Shares of Banco Bradesco S.A. (NYSE:BBDO - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 49,804 shares changed 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 Up 3.9%

The business has a 50-day moving average of $2.30 and a 200 day moving average of $2.04. The company has a market capitalization of $28.63 billion, a PE ratio of 8.97 and a beta of 0.79. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.01 and a quick ratio of 0.72.

Banco Bradesco (NYSE:BBDO - Get Free Report) last released 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 declared a dividend, which will be paid on Wednesday, July 9th. Investors of record on Thursday, June 5th will be paid a dividend of $0.0019 per share. This represents a yield of 0.91%. The ex-dividend date is Wednesday, June 4th. Banco Bradesco's payout ratio is 6.25%.

Hedge Funds Weigh In On Banco Bradesco

Several institutional investors have recently bought and sold shares of BBDO. Goldman Sachs Group Inc. increased its holdings in shares of Banco Bradesco by 54.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 516,081 shares of the bank's stock worth $1,073,000 after buying an additional 181,299 shares during the last quarter. Aprio Wealth Management LLC purchased a new position in Banco Bradesco in the first quarter worth about $43,000. Kathmere Capital Management LLC bought a new stake in Banco Bradesco during the first quarter worth approximately $98,000. BSW Wealth Partners increased its stake in Banco Bradesco by 29.7% during the first quarter. BSW Wealth Partners now owns 30,709 shares of the bank's stock worth $64,000 after acquiring an additional 7,027 shares during the last quarter. Finally, D Orazio & Associates Inc. purchased a new stake in Banco Bradesco during the first quarter valued at approximately $26,000.

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.