Banco Bradesco S.A. (NYSE:BBDO - Get Free Report) reached a new 52-week low on Friday . The company traded as low as $2.26 and last traded at $2.27, with a volume of 14197 shares. The stock had previously closed at $2.31.
Banco Bradesco Stock Down 1.5 %
The business has a fifty day simple moving average of $2.44 and a 200 day simple moving average of $2.68. The firm has a market cap of $24.19 billion, a price-to-earnings ratio of 9.87 and a beta of 1.11. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.77 and a quick ratio of 0.77.
Banco Bradesco (NYSE:BBDO - Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The bank reported $0.08 EPS for the quarter. The business had revenue of $9.64 billion during the quarter. Banco Bradesco had a return on equity of 9.55% and a net margin of 6.70%.
Banco Bradesco Increases Dividend
The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Wednesday, June 5th will be paid a $0.0034 dividend. The ex-dividend date of this dividend is Wednesday, June 5th. This is a boost from Banco Bradesco's previous monthly dividend of $0.00. This represents a $0.04 dividend on an annualized basis and a yield of 1.77%. Banco Bradesco's dividend payout ratio (DPR) is currently 13.04%.
Hedge Funds Weigh In On Banco Bradesco
Hedge funds and other institutional investors have recently made changes to their positions in the stock. QRG Capital Management Inc. acquired a new position in shares of Banco Bradesco during the 3rd quarter worth approximately $32,000. Schechter Investment Advisors LLC acquired a new position in shares of Banco Bradesco during the 3rd quarter worth approximately $63,000. Advisors Preferred LLC acquired a new position in shares of Banco Bradesco during the 4th quarter worth approximately $79,000. Profund Advisors LLC acquired a new position in shares of Banco Bradesco during the 3rd quarter worth approximately $195,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Banco Bradesco during the 3rd quarter worth approximately $364,000.
About Banco Bradesco
(
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Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services.
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