Banco Bradesco (NYSE:BBDO) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

Banco Bradesco S.A. (NYSE:BBDO) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $1.88 and traded as high as $1.94. Banco Bradesco shares last traded at $1.89, with a volume of 94,990 shares traded.

Banco Bradesco Stock Down 6.5 %

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 business has a 50-day simple moving average of $1.88 and a two-hundred day simple moving average of $2.14. The stock has a market capitalization of $19.21 billion, a P/E ratio of 6.05 and a beta of 1.09.

Banco Bradesco Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 7th will be issued a $0.003 dividend. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date is Friday, March 7th. This represents a $0.04 annualized dividend and a dividend yield of 1.98%. Banco Bradesco’s dividend payout ratio is presently 10.00%.

Hedge Funds Weigh In On Banco Bradesco

Institutional investors have recently added to or reduced their stakes in the company. HUB Investment Partners LLC acquired a new stake in shares of Banco Bradesco during the fourth quarter worth approximately $25,000. O Shaughnessy Asset Management LLC increased its holdings in Banco Bradesco by 402.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 41,349 shares of the bank’s stock valued at $74,000 after purchasing an additional 33,126 shares in the last quarter. Finally, Northern Trust Corp raised its position in Banco Bradesco by 8.9% in the 4th 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 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.