Banco Bradesco (NYSE:BBDO) Sees Unusually-High Trading Volume – What’s Next?
by Scott Moore · The Cerbat GemBanco Bradesco SA (NYSE:BBDO – Get Free Report) saw an uptick in trading volume on Monday . Approximately 174,197 shares traded hands during trading, an increase of 137% from the previous session’s volume of 73,455 shares.The stock last traded at $3.1250 and had previously closed at $3.09.
Wall Street Analyst Weigh In
Separately, Weiss Ratings downgraded shares of Banco Bradesco from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.
View Our Latest Stock Report on Banco Bradesco
Banco Bradesco Stock Performance
The company has a debt-to-equity ratio of 1.17, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market capitalization of $33.80 billion, a PE ratio of 8.18 and a beta of 0.56. The company’s fifty day simple moving average is $3.05 and its 200 day simple moving average is $3.27.
Banco Bradesco (NYSE:BBDO – Get Free Report) last posted its earnings results on Wednesday, May 6th. The bank reported $0.12 earnings per share for the quarter. The firm had revenue of $13.07 billion during the quarter. Banco Bradesco had a net margin of 8.95% and a return on equity of 14.15%.
Banco Bradesco Cuts Dividend
The business also recently declared a monthly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 5th will be issued a $0.0034 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, August 5th. Banco Bradesco’s dividend payout ratio (DPR) is presently 20.51%.
Institutional Trading of Banco Bradesco
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Intergy Private Wealth LLC purchased a new stake in Banco Bradesco during the 4th quarter worth about $30,000. Cetera Investment Advisers bought a new stake in shares of Banco Bradesco during the fourth quarter valued at about $32,000. Renaissance Technologies LLC bought a new stake in shares of Banco Bradesco during the fourth quarter valued at about $34,000. Tocqueville Asset Management L.P. purchased a new stake in shares of Banco Bradesco in the fourth quarter worth about $37,000. Finally, SmartHarvest Portfolios LLC bought a new position in shares of Banco Bradesco in the fourth quarter valued at approximately $39,000.
About Banco Bradesco
Banco Bradesco SA is a major Brazilian commercial bank and financial services company headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, Bradesco has grown into one of Brazil’s largest private-sector banks, serving individual, small-business and corporate clients through an extensive network of branches, correspondents and digital channels.
The bank’s operations span retail and commercial banking products including deposit accounts, payment services, lending (personal, mortgage and corporate), credit cards and cash management.