Banco Bradesco (NYSE:BBDO) Shares Down 5.7% - Time to Sell?

Shares of Banco Bradesco S.A. (NYSE:BBDO - Get Free Report) dropped 5.7% during trading on Wednesday . The stock traded as low as $1.89 and last traded at $1.87. Approximately 17,832 shares traded hands during trading, a decline of 69% from the average daily volume of 57,368 shares. The stock had previously closed at $1.98.

Banco Bradesco Stock Up 4.4 %

The company's 50-day moving average is $1.86 and its 200 day moving average is $2.15. The company has a market capitalization of $21.34 billion, a PE ratio of 7.71 and a beta of 1.09. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.72 and a current ratio of 0.72.

Banco Bradesco Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 7th will be given a dividend of $0.003 per share. This represents a $0.04 annualized dividend and a yield of 1.78%. This is an increase from Banco Bradesco's previous monthly dividend of $0.00. The ex-dividend date is Friday, March 7th. Banco Bradesco's dividend payout ratio is 11.54%.

Hedge Funds Weigh In On Banco Bradesco

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Northern Trust Corp lifted its stake in 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. O Shaughnessy Asset Management LLC increased its holdings 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 acquiring an additional 33,126 shares in the last quarter. Finally, HUB Investment Partners LLC purchased a new stake in Banco Bradesco in the 4th quarter worth approximately $25,000.

Banco Bradesco Company Profile

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.