Banco Do Brasil (OTCMKTS:BDORY) Hits New 1-Year Low - Should You 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%.

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

Wall Street Analyst Weigh In

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

Banco Do Brasil Price Performance

The firm has a market cap of $19.74 billion, a P/E ratio of 3.31, a price-to-earnings-growth ratio of 1.65 and a beta of 0.59. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 5.97. The business has a 50-day moving average of $3.94 and a two-hundred day moving average of $4.56.

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

Banco Do Brasil Cuts Dividend

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

About Banco Do Brasil

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.