Banco Bradesco (NYSE:BBDO) Stock Crosses Below Fifty Day Moving Average of $2.55

Banco Bradesco S.A. (NYSE:BBDO - Get Free Report)'s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $2.55 and traded as low as $2.38. Banco Bradesco shares last traded at $2.42, with a volume of 16,192 shares trading hands.

Banco Bradesco Price Performance

The business's 50-day simple moving average is $2.55 and its 200-day simple moving average is $2.71. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.97 and a quick ratio of 0.97.

Banco Bradesco Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 9th. Investors of record on Wednesday, April 3rd will be given a dividend of $0.0035 per share. The ex-dividend date is Tuesday, April 2nd. This represents a $0.04 dividend on an annualized basis and a yield of 1.78%. Banco Bradesco's payout ratio is 14.29%.

Institutional Investors Weigh In On Banco Bradesco

Several large investors have recently made changes to their positions in the company. Citadel Advisors LLC acquired a new position in shares of Banco Bradesco during the 2nd quarter worth about $32,000. QRG Capital Management Inc. bought a new position in shares of Banco Bradesco in the third quarter valued at approximately $32,000. Envestnet Asset Management Inc. acquired a new position in Banco Bradesco in the third quarter worth $36,000. Jane Street Group LLC bought a new position in shares of Banco Bradesco in the first quarter worth about $56,000. Finally, Schechter Investment Advisors LLC bought a new position in Banco Bradesco in the 3rd quarter valued at $63,000.

About Banco Bradesco

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.