Banco Do Brasil (OTCMKTS:BDORY) Stock Price Down 3.9% - Here's Why

Key Points

• Shares fell 3.9% on Monday to about $4.98 (intraday low $4.86) on very light volume of 48,029 shares, down roughly 91% from the stock's average session volume.
• Banco do Brasil beat expectations for the quarter with $0.19 EPS vs. $0.13 est. and $8.61B revenue vs. $7.41B est., and posted a net margin of 3.76% and ROE of 11.06%; analysts forecast about $1.08 EPS for the year.
• Zacks upgraded the stock from "strong sell" to "hold" and the consensus from three analysts is a Hold; the stock trades at a P/E of 11.63, PEG 0.36 and has a $28.65B market cap.

Banco Do Brasil SA (OTCMKTS:BDORY - Get Free Report) shares fell 3.9% on Monday . The stock traded as low as $4.86 and last traded at $4.98. 48,029 shares changed hands during trading, a decline of 91% from the average session volume of 530,454 shares. The stock had previously closed at $5.18.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Banco Do Brasil from a "strong sell" rating to a "hold" rating in a research report on Monday, February 2nd. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Banco Do Brasil has an average rating of "Hold".

Banco Do Brasil Stock Performance

The company has a market cap of $28.65 billion, a price-to-earnings ratio of 11.63, a P/E/G ratio of 0.36 and a beta of 0.47. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.71. The stock's fifty day simple moving average is $4.82 and its 200 day simple moving average is $4.37.

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

Banco Do Brasil Company Profile

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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