Banco Bradesco (NYSE:BBDO) Shares Pass Above 50 Day Moving Average – Should You Sell?
by Teresa Graham · The Cerbat GemShares of Banco Bradesco SA (NYSE:BBDO – Get Free Report) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $3.44 and traded as high as $3.52. Banco Bradesco shares last traded at $3.49, with a volume of 40,062 shares traded.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Banco Bradesco in a research report on Friday, March 27th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy”.
View Our Latest Analysis on Banco Bradesco
Banco Bradesco Stock Down 0.3%
The stock has a 50-day simple moving average of $3.44 and a two-hundred day simple moving average of $3.22. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. The firm has a market cap of $36.98 billion, a PE ratio of 8.95 and a beta of 0.61.
Banco Bradesco (NYSE:BBDO – Get Free Report) last released its quarterly earnings results on Friday, February 6th. The bank reported $0.11 earnings per share for the quarter. Banco Bradesco had a return on equity of 13.78% and a net margin of 9.85%.The business had revenue of $12.03 billion for the quarter.
Banco Bradesco Increases Dividend
The company also recently declared a monthly dividend, which will be paid on Monday, June 8th. Shareholders of record on Wednesday, May 6th will be given a dividend of $0.0033 per share. The ex-dividend date is Wednesday, May 6th. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.00. This represents a c) dividend on an annualized basis and a yield of 1.2%. Banco Bradesco’s dividend payout ratio (DPR) is 5.13%.
Institutional Investors Weigh In On Banco Bradesco
A number of large investors have recently added to or reduced their stakes in BBDO. Intergy Private Wealth LLC purchased a new position in shares of Banco Bradesco in the fourth quarter worth about $30,000. Cetera Investment Advisers purchased a new position in shares of Banco Bradesco in the fourth quarter worth about $32,000. Renaissance Technologies LLC purchased a new position in shares of Banco Bradesco in the fourth quarter worth about $34,000. Compound Planning Inc. purchased a new position in shares of Banco Bradesco in the third quarter worth about $35,000. Finally, Tocqueville Asset Management L.P. purchased a new position in shares of Banco Bradesco in the fourth quarter worth about $37,000.
Banco Bradesco Company Profile
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.