Banco Bradesco (NYSE:BBDO) Shares Down 6.5% - Here's Why

Shares of Banco Bradesco SA (NYSE:BBDO - Get Free Report) were down 6.5% during mid-day trading on Wednesday . The company traded as low as $2.59 and last traded at $2.61. Approximately 13,150 shares changed hands during trading, a decline of 72% from the average daily volume of 47,795 shares. The stock had previously closed at $2.79.

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 $2.50 and a 200 day moving average price of $2.12.

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 firm also recently disclosed a dividend, which will be paid on Tuesday, February 10th. Stockholders of record on Thursday, July 3rd will be issued a $0.0319 dividend. This is an increase 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 is 6.25%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. HUB Investment Partners LLC purchased a new stake in Banco Bradesco in the fourth quarter valued at $25,000. D Orazio & Associates Inc. purchased a new stake in shares of Banco Bradesco in the first quarter worth about $26,000. Aprio Wealth Management LLC purchased a new stake in shares of Banco Bradesco in the first quarter worth about $43,000. BSW Wealth Partners raised its position in Banco Bradesco by 29.7% during the first 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 in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in Banco Bradesco by 402.8% during the fourth 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 in the last quarter.

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.