Banco Bradesco (NYSE:BBDO) Hits New 1-Year Low at $2.30

Banco Bradesco S.A. (NYSE:BBDO)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as $2.30 and last traded at $2.30, with a volume of 2722 shares changing hands. The stock had previously closed at $2.33.

Banco Bradesco Trading Down 1.0 %

The stock has a market cap of $24.53 billion, a PE ratio of 10.99 and a beta of 1.10. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a fifty day moving average price of $2.51 and a 200 day moving average price of $2.70.

Banco Bradesco Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 6th will be paid a dividend of $0.0033 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Friday, May 3rd. Banco Bradesco’s dividend payout ratio is currently 9.52%.

Institutional Trading of Banco Bradesco

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Banco Bradesco during the third quarter valued at approximately $364,000. Schechter Investment Advisors LLC bought a new position in shares of Banco Bradesco during the 3rd quarter worth $63,000. QRG Capital Management Inc. purchased a new position in shares of Banco Bradesco during the third quarter valued at $32,000. Profund Advisors LLC bought a new stake in shares of Banco Bradesco in the third quarter valued at about $195,000. Finally, Advisors Preferred LLC purchased a new stake in Banco Bradesco in the fourth quarter worth about $79,000.

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.