Banco Bradesco S.A. (NYSE:BBDO - Get Free Report) saw unusually-high trading volume on Friday . Approximately 63,312 shares changed hands during trading, an increase of 74% from the previous session's volume of 36,391 shares.The stock last traded at $2.02 and had previously closed at $2.00.
Banco Bradesco Stock Up 2.7 %
The company has a current ratio of 1.01, a quick ratio of 0.72 and a debt-to-equity ratio of 2.48. The company has a market cap of $22.19 billion, a price-to-earnings ratio of 6.95 and a beta of 1.04. The business has a fifty day moving average price of $1.93 and a two-hundred day moving average price of $2.06.
Banco Bradesco Increases Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 7th. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.0361 per share. This represents a $0.43 dividend on an annualized basis and a dividend yield of 20.80%. This is an increase from Banco Bradesco's previous monthly dividend of $0.00. The ex-dividend date of this dividend is Wednesday, April 2nd. Banco Bradesco's dividend payout ratio (DPR) is presently 6.67%.
Institutional Trading of Banco Bradesco
Several large investors have recently added to or reduced their stakes in BBDO. Northern Trust Corp lifted its holdings in Banco Bradesco by 8.9% during the 4th quarter. Northern Trust Corp now owns 117,991 shares of the bank's stock worth $211,000 after buying an additional 9,627 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in Banco Bradesco by 402.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 41,349 shares of the bank's stock worth $74,000 after buying an additional 33,126 shares during the period. Finally, HUB Investment Partners LLC acquired a new position in shares of Banco Bradesco in the 4th quarter valued at approximately $25,000.
About Banco Bradesco
(
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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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