Banco Bradesco S.A. (NYSE:BBDO - Get Free Report)'s share price traded down 3.5% during trading on Friday . The company traded as low as $2.19 and last traded at $2.22. 46,057 shares traded hands during mid-day trading, an increase of 8% from the average session volume of 42,522 shares. The stock had previously closed at $2.30.
Banco Bradesco Price Performance
The stock has a market cap of $22.45 billion, a price-to-earnings ratio of 7.03 and a beta of 0.76. The stock has a fifty day simple moving average of $2.02 and a 200-day simple moving average of $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.
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 given a dividend of $0.002 per share. This represents a dividend yield of 1.05%. The ex-dividend date of this dividend is Tuesday, May 6th. Banco Bradesco's dividend payout ratio is presently 6.67%.
Institutional Investors Weigh In On Banco Bradesco
Institutional investors and hedge funds have recently bought and sold shares of the business. O Shaughnessy Asset Management LLC boosted 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 valued at $74,000 after buying an additional 33,126 shares in the last quarter. HUB Investment Partners LLC bought a new position in Banco Bradesco in the 4th quarter valued at $25,000. Kathmere Capital Management LLC acquired a new stake in shares of Banco Bradesco in the first quarter valued at $98,000. BSW Wealth Partners increased its position 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 in the last quarter. Finally, D Orazio & Associates Inc. acquired a new position in shares of Banco Bradesco during the first quarter worth approximately $26,000.
Banco Bradesco Company Profile
(
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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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