Banco Bradesco (NYSE:BBDO) Shares Gap Down - Should You Sell?

Key Points

• Banco Bradesco shares gapped down from $2.69 to $2.58 before trading at $2.55, indicating potential volatility in the stock's performance.
• The company recently announced a dividend of $0.0021 per share with a yield of 101.0%, reflecting a modest dividend payout ratio of 5.71%.
• Institutional investors have shown interest, with several firms, including Northern Trust Corp and BSW Wealth Partners, increasing their stakes in Banco Bradesco during the recent quarters.

Banco Bradesco SA (NYSE:BBDO - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $2.69, but opened at $2.58. Banco Bradesco shares last traded at $2.55, with a volume of 593 shares.

Banco Bradesco Stock Performance

The stock has a 50 day simple moving average of $2.57 and a 200 day simple moving average of $2.29. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.63. The stock has a market cap of $27.62 billion, a P/E ratio of 7.41 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 return on equity of 12.96% and a net margin of 9.76%.

Banco Bradesco Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, September 11th. Stockholders of record on Wednesday, August 6th will be paid a $0.0021 dividend. The ex-dividend date is Tuesday, August 5th. This represents a dividend yield of 101.0%. Banco Bradesco's dividend payout ratio (DPR) is presently 5.71%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its holdings in Banco Bradesco by 54.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 516,081 shares of the bank's stock worth $1,073,000 after buying an additional 181,299 shares during the period. Northern Trust Corp lifted its holdings in Banco Bradesco by 8.9% during the 4th quarter. Northern Trust Corp now owns 117,991 shares of the bank's stock worth $211,000 after buying an additional 9,627 shares during the period. Kathmere Capital Management LLC lifted its holdings in Banco Bradesco by 121.7% during the 2nd quarter. Kathmere Capital Management LLC now owns 104,656 shares of the bank's stock worth $286,000 after buying an additional 57,451 shares during the period. D Orazio & Associates Inc. lifted its holdings in Banco Bradesco by 432.0% during the 2nd quarter. D Orazio & Associates Inc. now owns 66,606 shares of the bank's stock worth $182,000 after buying an additional 54,085 shares during the period. Finally, BSW Wealth Partners lifted its holdings in Banco Bradesco by 29.7% during the 1st quarter. BSW Wealth Partners now owns 30,709 shares of the bank's stock worth $64,000 after buying an additional 7,027 shares during the period.

Banco Bradesco Company Profile

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.