Free Trial

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

Banco Bradesco logo with Finance background

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

(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

Should You Invest $1,000 in Banco Bradesco Right Now?

Before you consider Banco Bradesco, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Banco Bradesco wasn't on the list.

While Banco Bradesco currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

A Beginner's Guide to Investing in Cannabis Cover

Unlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you'll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street's top analysts.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 “Boring” Mega Cap Stocks to Turn Into Pure Profit
Joby vs. Archer: The $10 Billion eVTOL Battle
3 Small-Cap Biotech Stocks With Catalysts Too Big to Ignore

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines