Banco Do Brasil (OTCMKTS:BDORY) Shares Gap Down - Should You Sell?

Key Points

• Shares gapped down: Banco do Brasil opened at $4.49 vs. the prior close of $4.69 and was last at $4.56, down about 2.9% with roughly 11,763 shares trading.
• Quarterly beat: The bank reported $0.19 EPS vs. $0.13 expected and $8.61B revenue vs. $7.41B expected, and analysts project about $1.08 EPS for the fiscal year.
• Analyst stance shifted: Zacks upgraded Banco do Brasil from "strong sell" to "hold," and the stock's consensus rating on MarketBeat is currently "Hold" (three analysts).

Banco Do Brasil SA (OTCMKTS:BDORY - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $4.69, but opened at $4.49. Banco Do Brasil shares last traded at $4.56, with a volume of 11,763 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research raised Banco Do Brasil from a "strong sell" rating to a "hold" rating in a report on Monday, February 2nd. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold".

Banco Do Brasil Stock Down 2.9%

The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market capitalization of $26.10 billion, a P/E ratio of 10.59, a price-to-earnings-growth ratio of 0.31 and a beta of 0.39. The stock's fifty day simple moving average is $4.75 and its two-hundred day simple moving average is $4.32.

Banco Do Brasil (OTCMKTS:BDORY - Get Free Report) last released its quarterly earnings results on Wednesday, February 11th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.06. Banco Do Brasil had a net margin of 3.76% and a return on equity of 11.06%. The firm had revenue of $8.61 billion during the quarter, compared to the consensus estimate of $7.41 billion. As a group, research analysts expect that Banco Do Brasil SA will post 1.08 EPS for the current fiscal year.

About Banco Do Brasil

Banco do Brasil SA is one of Brazil's largest and oldest financial institutions, founded in 1808. As a state-controlled commercial bank with a long history in the country's financial system, it provides a broad range of universal banking services to individual, corporate and public-sector clients. The bank's activities include retail banking, corporate and commercial lending, asset management, investment banking, treasury and capital markets operations, trade finance and international banking services.

Banco do Brasil offers a full suite of products such as deposit accounts, payment and cash management services, mortgages and consumer credit, credit cards, leasing and structured finance, as well as insurance and pension products through affiliated businesses.

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