Banco Bradesco SA (NYSE:BBDO - Get Free Report)'s stock price passed 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 trading hands.
Banco Bradesco Stock Performance
The stock's 50 day moving average price is $2.58 and its 200 day moving average price is $2.28. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $28.20 billion, a P/E ratio of 7.57 and a beta of 0.76.
Banco Bradesco (NYSE:BBDO - Get Free Report) last posted its quarterly earnings data 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 business also recently announced a dividend, which will be paid on Thursday, September 11th. Investors of record on Wednesday, August 6th will be paid a dividend of $0.0021 per share. 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 currently 5.71%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. D Orazio & Associates Inc. bought a new position in Banco Bradesco during the first quarter worth $26,000. Ritholtz Wealth Management bought a new position in shares of Banco Bradesco in the second quarter valued at $30,000. Farther Finance Advisors LLC lifted its stake 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 buying an additional 10,974 shares in the last quarter. Aprio Wealth Management LLC bought a new position in shares of Banco Bradesco in the first quarter valued at $43,000. Finally, Savant Capital LLC bought a new position in shares of Banco Bradesco in the second quarter valued at $51,000.
About Banco Bradesco
(
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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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