Banco Bradesco S.A. (NYSE:BBDO - Get Free Report) saw an uptick in trading volume on Friday . 55,690 shares changed hands during mid-day trading, an increase of 50% from the previous session's volume of 37,110 shares.The stock last traded at $2.01 and had previously closed at $2.09.
Banco Bradesco Stock Up 1.4 %
The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.72 and a current ratio of 1.01. The company's fifty day moving average price is $1.95 and its 200-day moving average price is $2.05. The stock has a market cap of $22.45 billion, a P/E ratio of 7.03 and a beta of 1.04.
Banco Bradesco Increases Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, November 7th. Shareholders of record on Wednesday, April 2nd will be paid a $0.0361 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $0.43 annualized dividend and a yield of 20.55%. This is an increase from Banco Bradesco's previous monthly dividend of $0.00. Banco Bradesco's dividend payout ratio (DPR) is presently 96.67%.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the business. HUB Investment Partners LLC purchased a new position in Banco Bradesco during the 4th quarter valued at $25,000. O Shaughnessy Asset Management LLC boosted its stake in shares of Banco Bradesco by 402.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 41,349 shares of the bank's stock valued at $74,000 after purchasing an additional 33,126 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Banco Bradesco by 8.9% in the fourth quarter. Northern Trust Corp now owns 117,991 shares of the bank's stock worth $211,000 after purchasing an additional 9,627 shares during the last quarter.
About Banco Bradesco
(
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.
See Also
Before you consider Banco Bradesco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Banco Bradesco wasn't on the list.
While Banco Bradesco currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
