Banco Do Brasil (OTCMKTS:BDORY) Hits New 52-Week Low - Time to Sell?

Key Points

• Banco Do Brasil shares reached a new 52-week low of $3.36, with a trading volume of 1,199,116 shares.
• Bradesco Corretora has downgraded Banco Do Brasil to a "neutral" rating, reflecting concerns over the company's stock performance and recent earnings miss.
• The company recently declared a dividend of $0.0104 per share, resulting in a remarkably high dividend yield of 745.0%, but with a low dividend payout ratio of just 5.77%.

Shares of Banco Do Brasil SA (OTCMKTS:BDORY - Get Free Report) hit a new 52-week low on Friday . The stock traded as low as $3.36 and last traded at $3.36, with a volume of 1199116 shares trading hands. The stock had previously closed at $3.55.

Analyst Ratings Changes

Separately, Bradesco Corretora downgraded Banco Do Brasil to a "neutral" rating in a research report on Friday, May 16th.

Banco Do Brasil Stock Performance

The company has a market cap of $19.66 billion, a P/E ratio of 3.30, a P/E/G ratio of 1.80 and a beta of 0.61. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 5.97. The business has a fifty day moving average of $3.98 and a 200 day moving average of $4.56.

Banco Do Brasil (OTCMKTS:BDORY - Get Free Report) last announced its earnings results on Thursday, May 15th. The financial services provider reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.07). Banco Do Brasil had a net margin of 11.78% and a return on equity of 18.72%. The business had revenue of $6.83 billion for the quarter, compared to the consensus estimate of $4.74 billion. On average, equities analysts predict that Banco Do Brasil SA will post 1.08 EPS for the current year.

Banco Do Brasil Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, June 23rd. Stockholders of record on Thursday, June 5th were issued a dividend of $0.0104 per share. The ex-dividend date was Wednesday, June 4th. This represents a dividend yield of 745.0%. Banco Do Brasil's dividend payout ratio (DPR) is presently 5.77%.

Banco Do Brasil Company Profile

Banco do Brasil SA provides banking products and services for individuals, companies, and public sectors in Brazil and internationally. The company's Banking segment offers various products and services, including deposits, loans, and services to retail, wholesale, and public sector markets, as well as to micro-entrepreneurs and the low income population.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.