Banco Bradesco (NYSE:BBDO) Sees Unusually-High Trading Volume – Time to Buy?

Banco Bradesco S.A. (NYSE:BBDO) saw strong trading volume on Friday . 131,543 shares changed hands during mid-day trading, an increase of 138% from the previous session’s volume of 55,159 shares.The stock last traded at $1.82 and had previously closed at $1.93.

Banco Bradesco Stock Performance

The company has a market capitalization of $19.58 billion, a PE ratio of 6.13 and a beta of 1.09. The company has a quick ratio of 0.72, a current ratio of 1.01 and a debt-to-equity ratio of 2.48. The company has a 50-day moving average price of $1.88 and a two-hundred day moving average price of $2.13.

Banco Bradesco Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 7th will be given a $0.003 dividend. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. This represents a $0.04 annualized dividend and a dividend yield of 1.94%. Banco Bradesco’s payout ratio is 6.67%.

Hedge Funds Weigh In On Banco Bradesco

Hedge funds have recently made changes to their positions in the stock. Northern Trust Corp grew its position in shares of Banco Bradesco by 8.9% in the fourth quarter. Northern Trust Corp now owns 117,991 shares of the bank’s stock valued at $211,000 after purchasing an additional 9,627 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in Banco Bradesco by 402.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 41,349 shares of the bank’s stock worth $74,000 after buying an additional 33,126 shares in the last quarter. Finally, HUB Investment Partners LLC purchased a new position in Banco Bradesco during the fourth quarter worth about $25,000.

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.