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

Key Points

• Banco Bradesco's shares experienced a significant increase in trading volume, with 102,778 shares traded, marking a 94% rise from the previous session.
• The bank is currently rated as a "hold" by analysts, and it recently reported a net margin of 9.76% and a return on equity of 12.96%.
• Banco Bradesco announced a monthly dividend of $0.0032 per share, with a dividend yield of 1.4%, following a decrease in its dividend payout ratio to 8.57%.

Shares of Banco Bradesco SA (NYSE:BBDO - Get Free Report) saw strong trading volume on Wednesday . 102,778 shares were traded during mid-day trading, an increase of 94% from the previous session's volume of 53,006 shares.The stock last traded at $2.79 and had previously closed at $2.80.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a "hold (c+)" rating on shares of Banco Bradesco in a research report on Wednesday. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of "Hold".

Banco Bradesco Price Performance

The company has a market capitalization of $29.53 billion, a P/E ratio of 7.93 and a beta of 0.82. The firm's fifty day moving average is $2.70 and its 200 day moving average is $2.48. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.11 and a current ratio of 1.11.

Banco Bradesco (NYSE:BBDO - Get Free Report) last issued its earnings results on Wednesday, July 30th. The bank reported $0.10 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 disclosed a monthly dividend, which will be paid on Monday, November 10th. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.0032 per share. The ex-dividend date is Friday, October 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. Banco Bradesco's dividend payout ratio (DPR) is currently 8.57%.

Institutional Investors Weigh In On Banco Bradesco

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BSW Wealth Partners grew its position in shares of Banco Bradesco by 29.7% in the first quarter. BSW Wealth Partners now owns 30,709 shares of the bank's stock valued at $64,000 after purchasing an additional 7,027 shares during the period. Ritholtz Wealth Management acquired a new stake in shares of Banco Bradesco in the second quarter valued at about $30,000. Farther Finance Advisors LLC grew its position in shares of Banco Bradesco by 5,542.4% in the second quarter. Farther Finance Advisors LLC now owns 11,172 shares of the bank's stock valued at $30,000 after purchasing an additional 10,974 shares during the period. D Orazio & Associates Inc. purchased a new position in shares of Banco Bradesco in the first quarter worth about $26,000. Finally, Savant Capital LLC purchased a new position in shares of Banco Bradesco in the second quarter worth about $51,000.

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.

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