Banco Bradesco (NYSE:BBDO) Shares Cross Below Two Hundred Day Moving Average of $2.64

Banco Bradesco S.A. (NYSE:BBDOGet Free Report)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.64 and traded as low as $2.20. Banco Bradesco shares last traded at $2.28, with a volume of 34,839 shares.

Banco Bradesco Price Performance

The company has a fifty day moving average of $2.37 and a two-hundred day moving average of $2.64. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.54.

Banco Bradesco (NYSE:BBDOGet Free Report) last released its earnings results on Thursday, May 2nd. The bank reported $0.08 EPS for the quarter. Banco Bradesco had a net margin of 6.70% and a return on equity of 9.55%. The company had revenue of $9.64 billion during the quarter.

Banco Bradesco Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Wednesday, June 5th will be issued a $0.0034 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Wednesday, June 5th. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s payout ratio is currently 13.04%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Profund Advisors LLC purchased a new position in Banco Bradesco in the third quarter valued at about $195,000. Advisors Preferred LLC purchased a new position in Banco Bradesco in the 4th quarter valued at approximately $79,000. Finally, QRG Capital Management Inc. raised its holdings in Banco Bradesco by 41.2% during the fourth quarter. QRG Capital Management Inc. now owns 16,795 shares of the bank’s stock worth $53,000 after purchasing an additional 4,898 shares during the last quarter.

Banco Bradesco Company Profile

(Get Free Report)

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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