Banco Bradesco (NYSE:BBD) Trading Up 3.2%

Banco Bradesco S.A. (NYSE:BBD) shares rose 3.2% during trading on Monday . The company traded as high as $2.30 and last traded at $2.28. Approximately 774,111 shares changed hands during trading, a decline of 96% from the average daily volume of 17,729,154 shares. The stock had previously closed at $2.21.

Banco Bradesco Stock Performance

The stock has a market capitalization of $25.58 billion, a price-to-earnings ratio of 9.61, a P/E/G ratio of 0.24 and a beta of 0.97. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a fifty day simple moving average of $2.33 and a two-hundred day simple moving average of $2.64.

Banco Bradesco (NYSE:BBD) last posted its quarterly earnings results on Thursday, May 2nd. The bank reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.01. The firm had revenue of $9.64 billion during the quarter. Banco Bradesco had a net margin of 6.70% and a return on equity of 9.55%. Analysts forecast that Banco Bradesco S.A. will post 0.34 earnings per share for the current fiscal year.

Banco Bradesco Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Monday, August 5th will be issued a dividend of $0.0035 per share. The ex-dividend date is Monday, August 5th. This represents a $0.04 annualized dividend and a dividend yield of 1.74%. Banco Bradesco’s dividend payout ratio is 13.04%.

Institutional Trading of Banco Bradesco

Hedge funds have recently bought and sold shares of the business. Banco Santander S.A. raised its position in Banco Bradesco by 348.4% in the 1st quarter. Banco Santander S.A. now owns 1,692,954 shares of the bank’s stock valued at $4,842,000 after buying an additional 1,315,380 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Banco Bradesco by 26.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 209,030 shares of the bank’s stock worth $732,000 after purchasing an additional 43,837 shares during the last quarter. Ieq Capital LLC raised its stake in Banco Bradesco by 24.7% in the fourth quarter. Ieq Capital LLC now owns 20,714 shares of the bank’s stock valued at $72,000 after purchasing an additional 4,103 shares in the last quarter. Bleakley Financial Group LLC bought a new stake in Banco Bradesco during the fourth quarter valued at approximately $161,000. Finally, Royal London Asset Management Ltd. grew its stake in Banco Bradesco by 126.5% in the 4th quarter. Royal London Asset Management Ltd. now owns 93,494 shares of the bank’s stock worth $327,000 after buying an additional 52,211 shares in the last quarter.

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.