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

Key Points

• Unusually high trading volume: BBDO traded 208,146 shares on Tuesday (a 197% increase vs. the prior session) while last trading at $3.45.
• Dividend increase: Bradesco declared a monthly dividend of $0.0033 per share (ex-dividend May 6, payable June 8), implying about a 1.1% yield and a payout ratio near 5.1%.
• Analyst view and fundamentals: Weiss Ratings reaffirmed a "Buy (b-)" and MarketBeat shows an average "Buy" rating; the stock has a PE of 9.08, market cap ~ $37.5 billion, reported EPS of $0.11 and ROE of 13.78% for the quarter.

Banco Bradesco SA (NYSE:BBDO - Get Free Report) saw strong trading volume on Tuesday . 208,146 shares changed hands during mid-day trading, an increase of 197% from the previous session's volume of 70,031 shares.The stock last traded at $3.45 and had previously closed at $3.45.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a "buy (b-)" rating on shares of Banco Bradesco in a report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy".

Banco Bradesco Stock Up 2.6%

The company's fifty day moving average price is $3.43 and its 200-day moving average price is $3.24. The stock has a market capitalization of $37.51 billion, a PE ratio of 9.08 and a beta of 0.59. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97.

Banco Bradesco (NYSE:BBDO - Get Free Report) last released its earnings results on Friday, February 6th. The bank reported $0.11 earnings per share (EPS) for the quarter. Banco Bradesco had a net margin of 9.85% and a return on equity of 13.78%. The firm had revenue of $12.03 billion during the quarter.

Banco Bradesco Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 8th. Investors of record on Wednesday, May 6th will be given a dividend of $0.0033 per share. This is a positive change from Banco Bradesco's previous monthly dividend of $0.00. The ex-dividend date of this dividend is Wednesday, May 6th. This represents a c) annualized dividend and a yield of 1.1%. Banco Bradesco's payout ratio is currently 5.13%.

Institutional Trading of Banco Bradesco

Several institutional investors have recently bought and sold shares of BBDO. Intergy Private Wealth LLC purchased a new stake in Banco Bradesco during the 4th quarter valued at about $30,000. Cetera Investment Advisers bought a new stake in shares of Banco Bradesco during the fourth quarter valued at approximately $32,000. Renaissance Technologies LLC bought a new stake in shares of Banco Bradesco during the fourth quarter valued at approximately $34,000. Compound Planning Inc. bought a new stake in shares of Banco Bradesco during the third quarter valued at approximately $35,000. Finally, Tocqueville Asset Management L.P. bought a new stake in shares of Banco Bradesco during the fourth quarter valued at approximately $37,000.

Banco Bradesco Company Profile

Banco Bradesco SA is a major Brazilian commercial bank and financial services company headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, Bradesco has grown into one of Brazil's largest private-sector banks, serving individual, small-business and corporate clients through an extensive network of branches, correspondents and digital channels.

The bank's operations span retail and commercial banking products including deposit accounts, payment services, lending (personal, mortgage and corporate), credit cards and cash management.

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