Banco Bradesco (NYSE:BBDO) Share Price Crosses Above 50-Day Moving Average - Here's What Happened

Key Points

• Banco Bradesco's share price has recently crossed above its 50-day moving average of $2.57, trading at $2.58 with a volume of 22,302 shares.
• The bank reported an earnings per share (EPS) of $0.10 for the last quarter and has a market capitalization of $27.40 billion with a P/E ratio of 7.36.
• A recent dividend declaration of $0.0021, with a yield of 101.0%, will be paid on September 11th, with an ex-dividend date on August 5th.

Banco Bradesco SA (NYSE:BBDO - Get Free Report)'s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $2.57 and traded as high as $2.59. Banco Bradesco shares last traded at $2.58, with a volume of 22,302 shares trading hands.

Banco Bradesco Stock Performance

The company has a debt-to-equity ratio of 0.63, a current ratio of 1.11 and a quick ratio of 0.76. The business has a 50-day moving average of $2.57 and a 200-day moving average of $2.24. The company has a market capitalization of $27.40 billion, a P/E ratio of 7.36 and a beta of 0.76.

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 return on equity of 12.96% and a net margin of 9.76%.

Banco Bradesco Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, September 11th. Investors of record on Wednesday, August 6th will be paid a $0.0021 dividend. The ex-dividend date of this dividend is Tuesday, August 5th. This represents a yield of 101.0%. Banco Bradesco's dividend payout ratio is 5.71%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC grew its stake in Banco Bradesco by 402.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 41,349 shares of the bank's stock valued at $74,000 after purchasing an additional 33,126 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Banco Bradesco by 8.9% in the 4th quarter. Northern Trust Corp now owns 117,991 shares of the bank's stock valued at $211,000 after buying an additional 9,627 shares in the last quarter. D Orazio & Associates Inc. purchased a new position in shares of Banco Bradesco in the 1st quarter worth approximately $26,000. BSW Wealth Partners raised its stake 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 worth $64,000 after acquiring an additional 7,027 shares in the last quarter. Finally, Kathmere Capital Management LLC bought a new position in shares of Banco Bradesco during the 1st quarter worth approximately $98,000.

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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