Banco Bradesco (NYSE:BBDO) Stock Price Crosses Above 50 Day Moving Average of $2.27

Banco Bradesco S.A. (NYSE:BBDO) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $2.27 and traded as high as $2.61. Banco Bradesco shares last traded at $2.61, with a volume of 20,694 shares trading hands.

Banco Bradesco Stock Down 4.6 %

The company has a market cap of $26.54 billion, a price-to-earnings ratio of 10.83 and a beta of 1.14. The business has a 50-day simple moving average of $2.28 and a two-hundred day simple moving average of $2.35. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.62.

Banco Bradesco (NYSE:BBDO) last released its earnings results on Monday, August 5th. The bank reported $0.09 earnings per share for the quarter. Banco Bradesco had a net margin of 6.68% and a return on equity of 9.88%. The firm had revenue of $9.64 billion during the quarter.

Banco Bradesco Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Wednesday, September 4th will be given a dividend of $0.0032 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Wednesday, September 4th. Banco Bradesco’s dividend payout ratio is currently 8.70%.

Institutional Investors Weigh In On Banco Bradesco

An institutional investor recently raised its position in Banco Bradesco stock. QRG Capital Management Inc. boosted its stake in Banco Bradesco S.A. (NYSE:BBDO) by 41.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,795 shares of the bank’s stock after buying an additional 4,898 shares during the quarter. QRG Capital Management Inc.’s holdings in Banco Bradesco were worth $53,000 at the end of the most recent quarter.

About Banco Bradesco

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.