Shares of Banco Bradesco S.A. (NYSE:BBDO - Get Free Report) saw unusually-high trading volume on Friday . Approximately 131,543 shares changed hands during trading, an increase of 138% from the previous session's volume of 55,159 shares.The stock last traded at $1.82 and had previously closed at $1.93.
Banco Bradesco Stock Up 2.9 %
The company has a debt-to-equity ratio of 2.48, a current ratio of 1.01 and a quick ratio of 0.72. The stock's fifty day simple moving average is $1.88 and its two-hundred day simple moving average is $2.12. The company has a market capitalization of $20.48 billion, a price-to-earnings ratio of 6.41 and a beta of 1.09.
Banco Bradesco Increases Dividend
The business also recently disclosed a monthly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 7th will be paid a dividend of $0.003 per share. This is an increase from Banco Bradesco's previous monthly dividend of $0.00. This represents a $0.04 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Friday, March 7th. Banco Bradesco's dividend payout ratio is presently 6.67%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. HUB Investment Partners LLC bought a new position in Banco Bradesco in the 4th quarter valued at about $25,000. O Shaughnessy Asset Management LLC increased its stake in Banco Bradesco by 402.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 41,349 shares of the bank's stock worth $74,000 after purchasing an additional 33,126 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Banco Bradesco by 8.9% during the fourth quarter. Northern Trust Corp now owns 117,991 shares of the bank's stock valued at $211,000 after acquiring an additional 9,627 shares during the period.
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.
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