Shares of Banco Bradesco S.A. (NYSE:BBDO - Get Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $1.88 and traded as high as $1.94. Banco Bradesco shares last traded at $1.89, with a volume of 94,990 shares traded.
Banco Bradesco Price Performance
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 50 day moving average of $1.88 and a 200-day moving average of $2.13. The firm has a market capitalization of $19.90 billion, a P/E ratio of 6.23 and a beta of 1.09.
Banco Bradesco Increases Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 7th will be given a dividend of $0.003 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Banco Bradesco's previous monthly dividend of $0.00. Banco Bradesco's dividend payout ratio is presently 6.67%.
Institutional Investors Weigh In On Banco Bradesco
Hedge funds and other institutional investors have recently made changes to their positions in the business. HUB Investment Partners LLC acquired a new stake in Banco Bradesco during the fourth quarter worth approximately $25,000. O Shaughnessy Asset Management LLC grew its holdings in shares of 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 purchasing an additional 33,126 shares in the last quarter. Finally, Northern Trust Corp increased its position 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 period.
Banco Bradesco Company Profile
(
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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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