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Banco Do Brasil (OTCMKTS:BDORY) Stock Price Down 4.6% - Time to Sell?

Banco Do Brasil logo with Finance background

Key Points

  • Banco Do Brasil's share price decreased by 4.6%, closing at $3.72 after previously trading at $3.90, with a significant drop in trading volume.
  • Analyst ratings were updated, as Bradesco Corretora downgraded Banco Do Brasil to a "neutral" rating recently.
  • The company reported disappointing earnings with an EPS of $0.22, missing estimates by $0.07, despite revenue surpassing expectations at $6.83 billion.
  • MarketBeat previews the top five stocks to own by October 1st.

Banco Do Brasil SA (OTCMKTS:BDORY - Get Free Report) dropped 4.6% during trading on Monday . The company traded as low as $3.71 and last traded at $3.72. Approximately 33,076 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 749,960 shares. The stock had previously closed at $3.90.

Wall Street Analyst Weigh In

Separately, Bradesco Corretora lowered Banco Do Brasil to a "neutral" rating in a report on Friday, May 16th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Banco Do Brasil currently has an average rating of "Hold".

Get Our Latest Research Report on BDORY

Banco Do Brasil Trading Up 4.1%

The business's 50-day moving average price is $3.82 and its 200 day moving average price is $4.47. The company has a market cap of $21.95 billion, a P/E ratio of 4.61, a P/E/G ratio of 1.83 and a beta of 0.59. The company has a debt-to-equity ratio of 5.97, a quick ratio of 1.97 and a current ratio of 1.97.

Banco Do Brasil Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, June 23rd. Stockholders of record on Thursday, June 5th were given a $0.0104 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a dividend yield of 745.0%. Banco Do Brasil's dividend payout ratio is presently 7.23%.

Banco Do Brasil Company Profile

(Get Free Report)

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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