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

Banco Bradesco S.A. (NYSE:BBDO) saw unusually-strong trading volume on Friday . Approximately 55,690 shares traded hands during mid-day trading, an increase of 50% from the previous session’s volume of 37,110 shares.The stock last traded at $2.01 and had previously closed at $2.09.

Banco Bradesco Price Performance

The company’s fifty day moving average is $1.95 and its two-hundred day moving average is $2.05. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.72 and a current ratio of 1.01. The firm has a market cap of $22.13 billion, a price-to-earnings ratio of 6.93 and a beta of 1.04.

Banco Bradesco Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 7th. Stockholders of record on Wednesday, April 2nd will be paid a $0.0361 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $0.43 dividend on an annualized basis and a dividend yield of 20.86%. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s dividend payout ratio (DPR) is 96.67%.

Institutional Trading of Banco Bradesco

Several large investors have recently bought and sold shares of BBDO. Northern Trust Corp boosted its stake 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 during the period. O Shaughnessy Asset Management LLC boosted its position in Banco Bradesco by 402.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 41,349 shares of the bank’s stock valued at $74,000 after buying an additional 33,126 shares during the last quarter. Finally, HUB Investment Partners LLC acquired a new stake in shares of Banco Bradesco during the fourth quarter valued at about $25,000.

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.