Banco Bradesco (NYSE:BBDO) Shares Cross Above 50-Day Moving Average - Time to Sell?

Key Points

• Technical breakout: Banco Bradesco's shares crossed above their 50-day moving average of $3.44 on Friday, trading as high as $3.52 and last at $3.49 on volume of 40,062 shares.
• Analyst sentiment: Weiss Ratings reiterated a "buy (b-)" rating and the stock has an average consensus rating of "Buy" on MarketBeat.
• Dividend and valuation: The bank announced a monthly dividend of $0.0033 per share (ex-dividend May 6, payable June 8) implying a ~1.2% yield, while recent fundamentals show EPS of $0.11, a P/E of 8.95 and a market cap of $36.98 billion.

Banco Bradesco SA (NYSE:BBDO - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $3.44 and traded as high as $3.52. Banco Bradesco shares last traded at $3.49, with a volume of 40,062 shares trading hands.

Wall Street Analyst Weigh In

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

Banco Bradesco Stock Down 0.3%

The stock has a market cap of $36.98 billion, a price-to-earnings ratio of 8.95 and a beta of 0.61. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. The firm's 50 day moving average is $3.44 and its two-hundred day moving average is $3.21.

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

Banco Bradesco Increases Dividend

The company also recently announced 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 represents a c) dividend on an annualized basis and a yield of 1.2%. This is an increase from Banco Bradesco's previous monthly dividend of $0.00. The ex-dividend date is Wednesday, May 6th. Banco Bradesco's dividend payout ratio (DPR) is 100.00%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Caprock Group LLC purchased a new stake in shares of Banco Bradesco in the third quarter valued at $410,000. Ritholtz Wealth Management boosted its stake in Banco Bradesco by 202.8% in the 1st quarter. Ritholtz Wealth Management now owns 217,530 shares of the bank's stock worth $716,000 after buying an additional 145,684 shares during the last quarter. Intergy Private Wealth LLC grew its holdings in Banco Bradesco by 31.4% in the 1st quarter. Intergy Private Wealth LLC now owns 13,920 shares of the bank's stock valued at $46,000 after buying an additional 3,323 shares during the period. Cetera Investment Advisers purchased a new stake in Banco Bradesco in the 4th quarter valued at about $32,000. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of Banco Bradesco by 79.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,067,093 shares of the bank's stock valued at $8,803,000 after acquiring an additional 1,360,089 shares during the last quarter.

About Banco Bradesco

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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