Banco Do Brasil (OTCMKTS:BDORY) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• Banco Do Brasil experienced a 2% increase in trading volume, with approximately 679,424 shares changing hands during Monday's mid-day trading, despite the stock price declining to $3.66.
• The company reported $0.22 earnings per share for the last quarter, which was $0.07 below analysts' estimates, while revenue surpassed expectations at $6.83 billion.
• Bradesco Corretora downgraded Banco Do Brasil's shares to a "neutral" rating, indicating a potential shift in market perception of the company's performance.

Banco Do Brasil SA (OTCMKTS:BDORY - Get Free Report) shares saw strong trading volume on Monday . 679,424 shares traded hands during trading, an increase of 2% from the previous session's volume of 667,893 shares.The stock last traded at $3.66 and had previously closed at $3.73.

Wall Street Analysts Forecast Growth

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

Banco Do Brasil Trading Up 2.2%

The firm has a market capitalization of $21.49 billion, a PE ratio of 3.61, a P/E/G ratio of 1.76 and a beta of 0.61. The company has a debt-to-equity ratio of 5.97, a quick ratio of 1.97 and a current ratio of 1.97. The firm has a fifty day moving average of $4.00 and a 200 day moving average of $4.57.

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

Banco Do Brasil Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, June 23rd. Stockholders of record on Thursday, June 5th were given a $0.0104 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a dividend yield of 7.45%. Banco Do Brasil's payout ratio is 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.