Shares of Banco Bradesco S.A. (NYSE:BBDO - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.00 and traded as high as $2.04. Banco Bradesco shares last traded at $2.02, with a volume of 14,996 shares traded.
Banco Bradesco Trading Up 1.4 %
The firm has a market capitalization of $23.20 billion, a PE ratio of 7.27 and a beta of 0.71. The business has a 50 day moving average price of $1.98 and a 200-day moving average price of $1.99. The company has a current ratio of 1.01, a quick ratio of 0.72 and a debt-to-equity ratio of 2.48.
Banco Bradesco Increases Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, November 7th. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.0361 per share. This represents a $0.43 dividend on an annualized basis and a dividend yield of 19.89%. This is an increase from Banco Bradesco's previous monthly dividend of $0.00. The ex-dividend date is Wednesday, April 2nd. Banco Bradesco's dividend payout ratio is 6.67%.
Hedge Funds Weigh In On Banco Bradesco
A number of large investors have recently modified their holdings of BBDO. D Orazio & Associates Inc. acquired a new stake in shares of Banco Bradesco in the 1st quarter worth approximately $26,000. HUB Investment Partners LLC acquired a new stake in shares of Banco Bradesco in the 4th quarter worth approximately $25,000. BSW Wealth Partners grew its holdings in shares of Banco Bradesco by 29.7% in the 1st quarter. BSW Wealth Partners now owns 30,709 shares of the bank's stock worth $64,000 after acquiring an additional 7,027 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in shares of Banco Bradesco by 402.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 41,349 shares of the bank's stock worth $74,000 after acquiring an additional 33,126 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Banco Bradesco by 8.9% in the 4th quarter. Northern Trust Corp now owns 117,991 shares of the bank's stock worth $211,000 after acquiring an additional 9,627 shares during the period.
Banco Bradesco Company Profile
(
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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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