Banco Bradesco (NYSE:BBDO) Shares Down 6.5% - What's Next?

Banco Bradesco SA (NYSE:BBDO - Get Free Report)'s stock price dropped 6.5% on Wednesday . The stock traded as low as $2.59 and last traded at $2.61. Approximately 13,150 shares were traded 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 current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.63. The company's 50-day moving average price is $2.50 and its two-hundred day moving average price is $2.12. The company has a market cap of $28.10 billion, a P/E ratio of 8.25 and a beta of 0.80.

Banco Bradesco (NYSE:BBDO - Get Free Report) last announced its earnings results 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 company also recently announced a dividend, which will be paid on Tuesday, February 10th. Shareholders of record on Thursday, July 3rd will be issued a $0.0319 dividend. This represents a dividend yield of 14.01%. This is a boost from Banco Bradesco's previous dividend of $0.00. The ex-dividend date is Wednesday, July 2nd. Banco Bradesco's dividend payout ratio (DPR) is presently 6.25%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Northern Trust Corp boosted its holdings in shares of Banco Bradesco by 8.9% in the fourth quarter. Northern Trust Corp now owns 117,991 shares of the bank's stock worth $211,000 after buying an additional 9,627 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in shares of Banco Bradesco by 402.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 41,349 shares of the bank's stock worth $74,000 after buying an additional 33,126 shares during the period. BSW Wealth Partners lifted its position in shares of Banco Bradesco by 29.7% in the first quarter. BSW Wealth Partners now owns 30,709 shares of the bank's stock worth $64,000 after purchasing an additional 7,027 shares in the last quarter. D Orazio & Associates Inc. purchased a new stake in shares of Banco Bradesco in the first quarter worth approximately $26,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of Banco Bradesco by 54.2% in the first quarter. Goldman Sachs Group Inc. now owns 516,081 shares of the bank's stock worth $1,073,000 after purchasing an additional 181,299 shares in the last quarter.

Banco Bradesco Company Profile

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.