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

Key Points

• Banco Bradesco's shares have crossed above the 50-day moving average, trading at $2.59, with a high of $2.62 during recent trading sessions.
• The bank 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 announced a dividend of $0.0021 per share, which will be delivered on September 11th, reflecting a significant dividend yield of 101.0%.

Shares of Banco Bradesco SA (NYSE:BBDO - Get Free Report) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $2.58 and traded as high as $2.62. Banco Bradesco shares last traded at $2.59, with a volume of 16,097 shares.

Banco Bradesco Stock Down 0.7%

The firm has a fifty day moving average price of $2.58 and a 200 day moving average price of $2.28. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.63. The company has a market cap of $26.83 billion, a P/E ratio of 7.20 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 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 firm also recently announced a dividend, which will be paid on Thursday, September 11th. Stockholders of record on Wednesday, August 6th will be issued a dividend of $0.0021 per share. This represents a dividend yield of 101.0%. The ex-dividend date is Tuesday, August 5th. Banco Bradesco's dividend payout ratio is presently 5.71%.

Institutional Trading of Banco Bradesco

Several large investors have recently made changes to their positions in BBDO. Goldman Sachs Group Inc. boosted its holdings in Banco Bradesco by 54.2% in the first quarter. Goldman Sachs Group Inc. now owns 516,081 shares of the bank's stock valued at $1,073,000 after acquiring an additional 181,299 shares during the last quarter. Northern Trust Corp boosted its holdings in Banco Bradesco by 8.9% in the fourth quarter. Northern Trust Corp now owns 117,991 shares of the bank's stock valued at $211,000 after acquiring an additional 9,627 shares during the last quarter. Kathmere Capital Management LLC boosted its holdings in Banco Bradesco by 121.7% in the second quarter. Kathmere Capital Management LLC now owns 104,656 shares of the bank's stock valued at $286,000 after acquiring an additional 57,451 shares during the last quarter. D Orazio & Associates Inc. boosted its holdings in Banco Bradesco by 432.0% in the second quarter. D Orazio & Associates Inc. now owns 66,606 shares of the bank's stock valued at $182,000 after acquiring an additional 54,085 shares during the last quarter. Finally, BSW Wealth Partners boosted its holdings in 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 acquiring 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.