Banco Bradesco (NYSE:BBDO) Sets New 1-Year High After Dividend Announcement

Banco Bradesco SA (NYSE:BBDO)’s stock price hit a new 52-week high during mid-day trading on Tuesday after the company announced a dividend. The company traded as high as $2.75 and last traded at $2.74, with a volume of 41350 shares trading hands. The stock had previously closed at $2.53.

The newly announced dividend which will be paid on Tuesday, February 10th. Investors of record on Thursday, July 3rd will be paid a dividend of $0.0319 per share. The ex-dividend date is Wednesday, July 2nd. This is a boost from Banco Bradesco’s previous dividend of $0.00. This represents a dividend yield of 14.01%. Banco Bradesco’s payout ratio is currently 6.25%.

Banco Bradesco Stock Performance

The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.63. The business’s 50 day moving average is $2.48 and its 200 day moving average is $2.11. The stock has a market capitalization of $28.41 billion, a PE ratio of 8.34 and a beta of 0.80.

Banco Bradesco (NYSE:BBDO) last announced its quarterly earnings data on Wednesday, May 7th. The bank reported $0.09 earnings per share for the quarter. Banco Bradesco had a net margin of 9.08% and a return on equity of 12.33%.

Institutional Investors Weigh In On Banco Bradesco

Several large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. raised its holdings in shares of Banco Bradesco by 54.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 516,081 shares of the bank’s stock valued at $1,073,000 after purchasing an additional 181,299 shares in the last quarter. Northern Trust Corp grew its position in shares of Banco Bradesco by 8.9% in the 4th quarter. Northern Trust Corp now owns 117,991 shares of the bank’s stock worth $211,000 after buying an additional 9,627 shares during the last quarter. Kathmere Capital Management LLC purchased a new position in shares of Banco Bradesco in the 1st quarter worth approximately $98,000. O Shaughnessy Asset Management LLC grew its position in shares of Banco Bradesco by 402.8% in the 4th 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 during the last quarter. Finally, BSW Wealth Partners grew its position in shares of Banco Bradesco by 29.7% in the 1st quarter. BSW Wealth Partners now owns 30,709 shares of the bank’s stock worth $64,000 after buying an additional 7,027 shares during the last quarter.

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.