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

Shares of Banco Bradesco S.A. (NYSE:BBDO - Get Free Report) saw unusually-high trading volume on Monday . Approximately 116,324 shares were traded during mid-day trading, an increase of 89% from the previous session's volume of 61,509 shares.The stock last traded at $2.18 and had previously closed at $2.15.

Banco Bradesco Stock Up 0.9 %

The firm has a market cap of $23.09 billion, a price-to-earnings ratio of 7.23 and a beta of 0.71. The firm has a fifty day simple moving average of $1.98 and a 200-day simple moving average of $1.99. 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 Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 7th. Investors of record on Wednesday, April 2nd will be paid a $0.0361 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This is an increase from Banco Bradesco's previous monthly dividend of $0.00. This represents a $0.43 annualized dividend and a dividend yield of 19.99%. Banco Bradesco's dividend payout ratio is 6.67%.

Institutional Trading of Banco Bradesco

A number of institutional investors have recently bought and sold shares of the business. HUB Investment Partners LLC acquired a new stake in shares of Banco Bradesco in the fourth quarter valued at approximately $25,000. D Orazio & Associates Inc. acquired a new position in Banco Bradesco in the 1st quarter valued at $26,000. BSW Wealth Partners lifted its position 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 during the period. O Shaughnessy Asset Management LLC lifted its position in shares of Banco Bradesco by 402.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 41,349 shares of the bank's stock valued at $74,000 after acquiring an additional 33,126 shares during the period. Finally, 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 worth $211,000 after purchasing an additional 9,627 shares in the last quarter.

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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