Banco Bradesco S.A. (NYSE:BBDO - Get Free Report) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $1.87 and traded as high as $2.00. Banco Bradesco shares last traded at $1.97, with a volume of 14,254 shares trading hands.
Banco Bradesco Stock Performance
The firm has a market capitalization of $20.91 billion, a PE ratio of 6.55 and a beta of 1.09. 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 business's 50 day simple moving average is $1.87 and its two-hundred day simple moving average is $2.15.
Banco Bradesco Increases Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 7th will be paid a dividend of $0.003 per share. The ex-dividend date is Friday, March 7th. This is a positive change from Banco Bradesco's previous monthly dividend of $0.00. This represents a $0.04 dividend on an annualized basis and a yield of 1.82%. Banco Bradesco's payout ratio is currently 10.00%.
Institutional Investors Weigh In On Banco Bradesco
A number of hedge funds have recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC grew its position 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 valued at $74,000 after acquiring an additional 33,126 shares during the period. HUB Investment Partners LLC bought a new stake in shares of Banco Bradesco during the 4th quarter valued at $25,000. Finally, Northern Trust Corp grew its position in shares of Banco Bradesco by 8.9% during the 4th 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.
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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