Banco Bradesco (NYSE:BBDO) Stock Crosses Above Fifty Day Moving Average - Should You Sell?

Banco Bradesco S.A. (NYSE:BBDO - Get Free Report)'s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $1.99 and traded as high as $2.30. Banco Bradesco shares last traded at $2.24, with a volume of 75,198 shares changing hands.

Banco Bradesco Price Performance

The company has a debt-to-equity ratio of 2.48, a current ratio of 1.01 and a quick ratio of 0.72. The firm has a market cap of $23.73 billion, a price-to-earnings ratio of 7.43 and a beta of 0.76. The business's 50-day moving average price is $2.01 and its two-hundred day moving average price is $1.99.

Banco Bradesco Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, June 9th. Stockholders of record on Wednesday, May 7th will be issued a $0.002 dividend. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a dividend yield of 1.05%. Banco Bradesco's dividend payout ratio (DPR) is 6.67%.

Hedge Funds Weigh In On Banco Bradesco

Hedge funds have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC boosted its position in shares of 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 acquiring an additional 33,126 shares during the period. HUB Investment Partners LLC bought a new stake in shares of Banco Bradesco during the fourth quarter worth approximately $25,000. Kathmere Capital Management LLC acquired a new stake in shares of Banco Bradesco in the 1st quarter valued at approximately $98,000. BSW Wealth Partners raised its position 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 purchasing an additional 7,027 shares during the period. Finally, D Orazio & Associates Inc. bought a new stake in Banco Bradesco in the 1st quarter valued at $26,000.

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.