Banco Bradesco (NYSE:BBDO) Stock Crosses Above 50 Day Moving Average of $2.43

Banco Bradesco S.A. (NYSE:BBDO – Get Rating)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $2.43 and traded as high as $2.79. Banco Bradesco shares last traded at $2.74, with a volume of 13,580 shares traded.

Banco Bradesco Stock Performance

The company has a market cap of $29.20 billion, a PE ratio of 8.84 and a beta of 0.85. The business’s 50-day moving average is $2.43 and its 200 day moving average is $2.45. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.72 and a current ratio of 0.72.

Banco Bradesco (NYSE:BBDO – Get Rating) last issued its earnings results on Thursday, May 4th. The bank reported $0.07 EPS for the quarter. The company had revenue of $9.82 billion for the quarter. Banco Bradesco had a net margin of 9.54% and a return on equity of 11.66%.

Banco Bradesco Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, July 13th. Shareholders of record on Monday, June 5th will be issued a $0.0035 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Friday, June 2nd. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s dividend payout ratio (DPR) is 9.68%.

Institutional Investors Weigh In On Banco Bradesco

A number of large investors have recently added to or reduced their stakes in BBDO. Envestnet Asset Management Inc. bought a new stake in Banco Bradesco in the 3rd quarter worth $36,000. Citadel Advisors LLC grew its holdings in Banco Bradesco by 43.4% in the 3rd quarter. Citadel Advisors LLC now owns 17,012 shares of the bank’s stock worth $51,000 after acquiring an additional 5,151 shares during the last quarter. Virtu Financial LLC grew its holdings in Banco Bradesco by 63.9% in the 3rd quarter. Virtu Financial LLC now owns 17,092 shares of the bank’s stock worth $51,000 after acquiring an additional 6,661 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Banco Bradesco during the 1st quarter valued at about $56,000. Finally, KCS Wealth Advisory bought a new stake in shares of Banco Bradesco during the 1st quarter valued at about $158,000. Institutional investors own 0.01% of the company’s stock.

Banco Bradesco Company Profile

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Banco Bradesco SA engages in the provision of financial and insurance services. It operates through Banking, and Insurance segments. The Banking segment includes banking activities. The Insurance segment covers auto, health, life, accident and property insurance, and pension plans aw well as capitalization bonds.