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

Shares of Banco Bradesco S.A. (NYSE:BBDO - Get Free Report) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $1.97 and traded as high as $2.04. Banco Bradesco shares last traded at $2.02, with a volume of 14,996 shares.

Banco Bradesco Stock Up 1.4 %

The firm has a fifty day moving average price of $1.98 and a 200-day moving average price of $1.99. The company has a quick ratio of 0.72, a current ratio of 1.01 and a debt-to-equity ratio of 2.48. The firm has a market cap of $23.20 billion, a price-to-earnings ratio of 7.27 and a beta of 0.71.

Banco Bradesco Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 7th. Investors of record on Wednesday, April 2nd will be given a $0.0361 dividend. This is a positive change from Banco Bradesco's previous monthly dividend of $0.00. This represents a $0.43 annualized dividend and a dividend yield of 19.89%. The ex-dividend date is Wednesday, April 2nd. Banco Bradesco's dividend payout ratio (DPR) is 6.67%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in BBDO. HUB Investment Partners LLC purchased a new position in shares of Banco Bradesco in the 4th quarter worth $25,000. O Shaughnessy Asset Management LLC raised 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 purchasing an additional 33,126 shares during the period. Northern Trust Corp raised its position in Banco Bradesco by 8.9% in the fourth quarter. Northern Trust Corp now owns 117,991 shares of the bank's stock valued at $211,000 after purchasing an additional 9,627 shares during the period. D Orazio & Associates Inc. purchased a new position in Banco Bradesco in the first quarter valued at about $26,000. Finally, BSW Wealth Partners raised its position in 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 purchasing 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.