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Banco Bradesco (NYSE:BBDO) Sees Unusually-High Trading Volume - Time to Buy?

Banco Bradesco logo with Finance background

Banco Bradesco S.A. (NYSE:BBDO - Get Free Report) saw strong trading volume on Friday . 35,930 shares were traded during trading, an increase of 18% from the previous session's volume of 30,345 shares.The stock last traded at $1.79 and had previously closed at $1.77.

Banco Bradesco Trading Up -2.2 %

The company has a market cap of $18.84 billion, a P/E ratio of 6.81 and a beta of 1.11. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.72 and a quick ratio of 0.72. The stock's 50-day moving average is $2.00 and its two-hundred day moving average is $2.20.

Banco Bradesco Cuts Dividend

The business also recently disclosed a -- dividend, which will be paid on Monday, August 11th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.0329 per share. The ex-dividend date is Friday, January 3rd. This represents a dividend yield of 11.2%. Banco Bradesco's payout ratio is currently 7.69%.

Banco Bradesco Company Profile

(Get Free Report)

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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