Banco Do Brasil (OTCMKTS:BDORY) Sees Large Volume Increase - Still a Buy?

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) shares saw unusually-strong trading volume on Monday . Approximately 1,924,432 shares traded hands 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 lowered shares of Banco Do Brasil to a "neutral" rating in a research note on Friday, May 16th.

Banco Do Brasil Stock Performance

The firm has a fifty day simple moving average of $3.96 and a 200 day simple moving average of $4.56. The company has a market cap of $20.17 billion, a price-to-earnings ratio of 3.38, a P/E/G ratio of 1.65 and a beta of 0.59. The company has a debt-to-equity ratio of 5.97, a current ratio of 1.97 and a quick ratio of 1.97.

Banco Do Brasil (OTCMKTS:BDORY - Get Free Report) last issued its earnings results 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 return on equity of 18.72% and a net margin of 11.78%. The firm had revenue of $6.83 billion during the quarter, compared to the consensus estimate of $4.74 billion. On average, sell-side analysts expect 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 disclosed a dividend, which was paid on Monday, June 23rd. Stockholders of record on Thursday, June 5th were paid 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 is currently 4.81%.

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.

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