Banco Do Brasil (OTCMKTS:BDORY) Sees Unusually-High Trading Volume - Here's What Happened

Key Points

• Banco Do Brasil experienced a significant increase in trading volume, with approximately 1.92 million shares traded, marking a 178% rise compared to the previous session.
• Analysts from Bradesco Corretora have downgraded Banco Do Brasil's rating to "neutral," following the company's recent earnings miss where it reported $0.22 EPS against an expected $0.29.
• The company recently paid a small dividend of $0.0104 per share, reflecting a striking dividend yield of 745.0%, despite a low dividend payout ratio of 4.81%.

Banco Do Brasil SA (OTCMKTS:BDORY - Get Free Report) saw an uptick in trading volume on Monday . 1,924,432 shares were traded during mid-day trading, an increase of 178% from the previous session's volume of 692,960 shares.The stock last traded at $3.49 and had previously closed at $3.43.

Analyst Upgrades and Downgrades

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

Banco Do Brasil Trading Up 0.6%

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 company has a market cap of $20.69 billion, a price-to-earnings ratio of 3.47, a P/E/G ratio of 1.68 and a beta of 0.59. The company's fifty day moving average is $3.89 and its two-hundred day moving average is $4.54.

Banco Do Brasil (OTCMKTS:BDORY - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The financial services provider reported $0.22 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $4.74 billion. On average, research analysts anticipate 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. Shareholders of record on Thursday, June 5th were given a dividend of $0.0104 per share. This represents a yield of 745.0%. The ex-dividend date of this dividend was Wednesday, June 4th. Banco Do Brasil's dividend payout ratio (DPR) is currently 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.