Banco Bradesco (NYSE:BBDO) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• Banco Bradesco shares experienced a significant 252% increase in trading volume on Wednesday, with 182,672 shares traded compared to 51,937 shares in the previous session.
• The company recently reported earnings of $0.10 per share with a net margin of 9.76% and a return on equity of 12.96%.
• Banco Bradesco has declared a monthly dividend of $0.0032 per share, representing a yield of 1.4%, with an ex-dividend date set for October 3rd.

Banco Bradesco SA (NYSE:BBDO - Get Free Report) shares saw an uptick in trading volume on Wednesday . 182,672 shares changed hands during trading, an increase of 252% from the previous session's volume of 51,937 shares.The stock last traded at $2.87 and had previously closed at $2.88.

Banco Bradesco Price Performance

The stock's 50-day moving average price is $2.66 and its 200-day moving average price is $2.45. The company has a market capitalization of $30.70 billion, a price-to-earnings ratio of 8.24 and a beta of 0.84. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.63.

Banco Bradesco (NYSE:BBDO - Get Free Report) last announced its earnings results on Wednesday, July 30th. The bank reported $0.10 earnings per share (EPS) for the quarter. Banco Bradesco had a net margin of 9.76% and a return on equity of 12.96%.

Banco Bradesco Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 10th. Investors of record on Friday, October 3rd will be paid a dividend of $0.0032 per share. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, October 3rd. Banco Bradesco's payout ratio is 48.57%.

Institutional Investors Weigh In On Banco Bradesco

A number of institutional investors and hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. raised its stake in shares of Banco Bradesco by 54.2% during the first 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. Northern Trust Corp raised its stake 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 buying an additional 9,627 shares during the last quarter. Kathmere Capital Management LLC raised its stake in shares of Banco Bradesco by 121.7% during the second quarter. Kathmere Capital Management LLC now owns 104,656 shares of the bank's stock worth $286,000 after buying an additional 57,451 shares during the last quarter. D Orazio & Associates Inc. raised its stake in shares of Banco Bradesco by 432.0% during the second quarter. D Orazio & Associates Inc. now owns 66,606 shares of the bank's stock worth $182,000 after buying an additional 54,085 shares during the last quarter. Finally, BSW Wealth Partners raised 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 worth $64,000 after buying an additional 7,027 shares during the last quarter.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.