Banco Do Brasil SA (OTCMKTS:BDORY - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $3.88, but opened at $4.07. Banco Do Brasil shares last traded at $3.95, with a volume of 537,649 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Bradesco Corretora downgraded shares of Banco Do Brasil to a "neutral" rating in a research note on Friday, May 16th.
Read Our Latest Stock Analysis on BDORY
Banco Do Brasil Stock Performance
The firm has a market capitalization of $23.04 billion, a price-to-earnings ratio of 3.87, a PEG ratio of 1.56 and a beta of 0.62. The firm has a 50 day moving average price of $4.55 and a 200-day moving average price of $4.59. 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 posted its quarterly 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 net margin of 11.78% and a return on equity of 18.72%. The company had revenue of $6.83 billion during the quarter, compared to analyst estimates of $4.74 billion. As a group, 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 company also recently declared a dividend, which was paid on Monday, June 23rd. Shareholders of record on Thursday, June 5th were issued a dividend of $0.0104 per share. This represents a yield of 7.45%. The ex-dividend date of this dividend was Wednesday, June 4th. Banco Do Brasil's dividend payout ratio (DPR) is presently 5.77%.
About Banco Do Brasil
(
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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.
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