Banco Bradesco SA (NYSE:BBDO - Get Free Report)'s stock price traded up 5.3% on Monday . The stock traded as high as $2.62 and last traded at $2.67. 1,648 shares were traded 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 Price Performance
The firm has a market capitalization of $28.41 billion, a P/E ratio of 8.34 and a beta of 0.80. The business's fifty day moving average is $2.47 and its 200 day moving average is $2.11. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.63.
Banco Bradesco (NYSE:BBDO - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The bank reported $0.09 EPS for the quarter. Banco Bradesco had a net margin of 9.08% and a return on equity of 12.33%.
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 dividend of $0.0319 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This is an increase from Banco Bradesco's previous dividend of $0.00. This represents a yield of 14.01%. Banco Bradesco's payout ratio is presently 6.25%.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. HUB Investment Partners LLC bought a new stake in Banco Bradesco in the fourth quarter worth $25,000. D Orazio & Associates Inc. acquired a new stake in shares of Banco Bradesco in the first quarter worth about $26,000. Aprio Wealth Management LLC bought a new stake in shares of Banco Bradesco during the 1st quarter worth about $43,000. BSW Wealth Partners increased its holdings in shares of Banco Bradesco by 29.7% during the 1st 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 during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of Banco Bradesco by 402.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 41,349 shares of the bank's stock valued at $74,000 after acquiring an additional 33,126 shares during the last quarter.
About Banco Bradesco
(
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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.
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