Banco Bradesco S.A. (NYSE:BBDO - Get Free Report) shares dropped 3.5% during trading on Friday . The company traded as low as $2.19 and last traded at $2.22. Approximately 46,057 shares changed hands during trading, an increase of 8% from the average daily volume of 42,522 shares. The stock had previously closed at $2.30.
Banco Bradesco Stock Performance
The stock's 50 day moving average price is $2.02 and its two-hundred day moving average price is $1.99. The company has a current ratio of 1.01, a quick ratio of 0.72 and a debt-to-equity ratio of 2.48. The firm has a market capitalization of $25.86 billion, a price-to-earnings ratio of 8.10 and a beta of 0.76.
Banco Bradesco (NYSE:BBDO - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The bank reported $0.09 EPS for the quarter. Banco Bradesco had a net margin of 8.46% and a return on equity of 11.43%.
Banco Bradesco Cuts Dividend
The firm also recently announced a dividend, which will be paid on Monday, June 9th. Investors of record on Wednesday, May 7th will be given a dividend of $0.002 per share. The ex-dividend date is Tuesday, May 6th. This represents a dividend yield of 1.05%. Banco Bradesco's payout ratio is 6.67%.
Institutional Trading of Banco Bradesco
A number of hedge funds have recently bought and sold shares of the company. O Shaughnessy Asset Management LLC lifted its position 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 worth $74,000 after buying an additional 33,126 shares during the last quarter. HUB Investment Partners LLC acquired a new stake in Banco Bradesco during the fourth quarter worth approximately $25,000. Kathmere Capital Management LLC bought a new stake in shares of Banco Bradesco in the first quarter worth $98,000. BSW Wealth Partners lifted its holdings in Banco Bradesco by 29.7% in the 1st 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. Finally, D Orazio & Associates Inc. bought a new stake in Banco Bradesco during the first quarter worth approximately $26,000.
About Banco Bradesco
(
Get Free Report)
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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