Banco Bradesco (NYSE:BBDO) Sees Large Volume Increase – Here’s Why

Banco Bradesco SA (NYSE:BBDO) saw unusually-strong trading volume on Monday . Approximately 174,197 shares traded hands during trading, an increase of 137% from the previous session’s volume of 73,455 shares.The stock last traded at $3.1250 and had previously closed at $3.09.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Banco Bradesco from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy”.

Banco Bradesco Stock Up 1.3%

The firm has a 50-day moving average of $3.05 and a 200 day moving average of $3.27. The stock has a market capitalization of $33.17 billion, a price-to-earnings ratio of 8.02 and a beta of 0.56. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.17.

Banco Bradesco (NYSE:BBDO) last issued its quarterly earnings data on Wednesday, May 6th. The bank reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $13.07 billion during the quarter. Banco Bradesco had a net margin of 8.95% and a return on equity of 14.15%.

Banco Bradesco Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 5th will be issued a $0.0034 dividend. The ex-dividend date is Wednesday, August 5th. This represents a c) dividend on an annualized basis and a yield of 1.3%. Banco Bradesco’s payout ratio is currently 20.51%.

Institutional Trading of Banco Bradesco

Large investors have recently modified their holdings of the business. Intergy Private Wealth LLC purchased a new stake in shares of Banco Bradesco during the fourth quarter worth about $30,000. Cetera Investment Advisers purchased a new position in shares of Banco Bradesco during the 4th quarter valued at approximately $32,000. Renaissance Technologies LLC acquired a new stake in Banco Bradesco in the fourth quarter valued at $34,000. Tocqueville Asset Management L.P. bought a new position in Banco Bradesco during the 4th quarter valued at $37,000. Finally, SmartHarvest Portfolios LLC acquired a new position in Banco Bradesco during the 4th quarter worth $39,000.

Banco Bradesco Company Profile

Banco Bradesco SA is a major Brazilian commercial bank and financial services company headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, Bradesco has grown into one of Brazil’s largest private-sector banks, serving individual, small-business and corporate clients through an extensive network of branches, correspondents and digital channels.

The bank’s operations span retail and commercial banking products including deposit accounts, payment services, lending (personal, mortgage and corporate), credit cards and cash management.