Banco Do Brasil (OTCMKTS:BDORY) Stock Crosses Below 200-Day Moving Average - What's Next?

Banco Do Brasil SA (OTCMKTS:BDORY - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.59 and traded as low as $4.01. Banco Do Brasil shares last traded at $4.02, with a volume of 508,500 shares changing hands.

Wall Street Analysts Forecast Growth

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

Banco Do Brasil Stock Down 1.2%

The company has a market capitalization of $23.04 billion, a price-to-earnings ratio of 3.87, a PEG ratio of 1.63 and a beta of 0.62. 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 firm's 50 day simple moving average is $4.65 and its 200-day simple moving average is $4.59.

Banco Do Brasil (OTCMKTS:BDORY - Get Free Report) last posted its quarterly earnings results 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). 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, sell-side analysts anticipate that Banco Do Brasil SA will post 1.08 EPS for the current fiscal year.

Banco Do Brasil Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, June 23rd. Stockholders of record on Thursday, June 5th will be paid a dividend of $0.0104 per share. This represents a dividend yield of 7.45%. The ex-dividend date of this dividend is Wednesday, June 4th. 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.