Banco Bradesco SA (NYSE:BBDO - Get Free Report) fell 4% on Monday . The company traded as low as $2.79 and last traded at $2.79. 4,992 shares were traded during mid-day trading, a decline of 90% from the average session volume of 52,350 shares. The stock had previously closed at $2.90.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings restated a "hold (c+)" rating on shares of Banco Bradesco in a research note on Saturday, September 27th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Banco Bradesco currently has a consensus rating of "Hold".
View Our Latest Stock Analysis on Banco Bradesco
Banco Bradesco Price Performance
The company has a market capitalization of $29.83 billion, a P/E ratio of 8.01 and a beta of 0.82. 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 business has a 50 day simple moving average of $2.68 and a 200-day simple moving average of $2.47.
Banco Bradesco (NYSE:BBDO - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The bank reported $0.10 earnings per share 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 disclosed a monthly dividend, which will be paid on Monday, November 10th. Investors of record on Friday, October 3rd will be issued a $0.0032 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a c) annualized dividend and a yield of 1.4%. Banco Bradesco's dividend payout ratio is presently 8.57%.
Institutional Trading of Banco Bradesco
A number of hedge funds and other institutional investors have recently made changes to their positions in BBDO. BSW Wealth Partners boosted its holdings in shares of 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 in the last quarter. Ritholtz Wealth Management acquired a new stake in Banco Bradesco in the second quarter worth approximately $30,000. Farther Finance Advisors LLC boosted its stake in Banco Bradesco by 5,542.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 11,172 shares of the bank's stock valued at $30,000 after purchasing an additional 10,974 shares in the last quarter. D Orazio & Associates Inc. acquired a new position in Banco Bradesco during the first quarter worth about $26,000. Finally, Savant Capital LLC bought a new stake in shares of Banco Bradesco in the 2nd quarter worth approximately $51,000.
Banco Bradesco Company Profile
(
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.
Further Reading
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