Shares of Banco Do Brasil SA (OTCMKTS:BDORY - Get Free Report) passed 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 cut Banco Do Brasil to a "neutral" rating in a report on Friday, May 16th.
Get Our Latest Research Report on BDORY
Banco Do Brasil Stock Performance
The company has a market capitalization of $22.64 billion, a P/E ratio of 3.80, a PEG ratio of 1.58 and a beta of 0.62. The stock has a fifty day simple moving average of $4.62 and a 200-day simple moving average of $4.59. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 5.97.
Banco Do Brasil (OTCMKTS:BDORY - Get Free Report) last announced its earnings results on Thursday, May 15th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $4.74 billion. Equities analysts forecast 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 will be paid on Monday, June 23rd. Stockholders of record on Thursday, June 5th will be paid a $0.0104 dividend. 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 currently 5.77%.
Banco Do Brasil Company Profile
(
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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.
Further Reading
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