Banco Bradesco (NYSE:BBDO) Trading 5.3% Higher - Here's What Happened

Shares of Banco Bradesco SA (NYSE:BBDO - Get Free Report) shot up 5.3% during mid-day trading on Monday . The company traded as high as $2.62 and last traded at $2.67. 1,648 shares changed hands during trading, a decline of 97% from the average session volume of 62,325 shares. The stock had previously closed at $2.53.

Banco Bradesco Stock Performance

The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market cap of $28.10 billion, a PE ratio of 8.25 and a beta of 0.80. The firm has a fifty day moving average price of $2.49 and a 200 day moving average price of $2.12.

Banco Bradesco (NYSE:BBDO - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The bank reported $0.09 EPS for the quarter. Banco Bradesco had a return on equity of 12.33% and a net margin of 9.08%.

Banco Bradesco Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, February 10th. Investors of record on Thursday, July 3rd will be given a $0.0319 dividend. This is a positive change from Banco Bradesco's previous dividend of $0.00. This represents a dividend yield of 14.01%. The ex-dividend date of this dividend is Wednesday, July 2nd. Banco Bradesco's dividend payout ratio (DPR) is presently 118.75%.

Institutional Trading of Banco Bradesco

Several large investors have recently bought and sold shares of BBDO. Goldman Sachs Group Inc. lifted its position 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 acquiring an additional 181,299 shares during the period. Kathmere Capital Management LLC purchased a new position in shares of Banco Bradesco in the first quarter worth about $98,000. O Shaughnessy Asset Management LLC lifted its holdings in shares of Banco Bradesco by 402.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 41,349 shares of the bank's stock worth $74,000 after purchasing an additional 33,126 shares during the period. Aprio Wealth Management LLC acquired a new stake in shares of Banco Bradesco during the first quarter worth about $43,000. Finally, HUB Investment Partners LLC purchased a new stake in Banco Bradesco in the fourth quarter valued at approximately $25,000.

About Banco Bradesco

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.