Banco Bradesco S.A. (NYSE:BBDO – Get Rating)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $2.38, but opened at $2.49. Banco Bradesco shares last traded at $2.54, with a volume of 1,333 shares trading hands.
Banco Bradesco Trading Down 0.8 %
The stock has a market cap of $26.97 billion, a price-to-earnings ratio of 6.25 and a beta of 0.97. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.56 and a current ratio of 1.52. The company's 50 day simple moving average is $2.71 and its two-hundred day simple moving average is $2.87.
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Banco Bradesco Cuts Dividend
The firm also recently declared a monthly dividend, which will be paid on Monday, January 9th. Stockholders of record on Monday, December 5th will be paid a dividend of $0.0024 per share. The ex-dividend date of this dividend is Friday, December 2nd. This represents a $0.03 annualized dividend and a dividend yield of 1.14%. Banco Bradesco's dividend payout ratio (DPR) is 7.42%.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. Citadel Advisors LLC increased its stake in shares of Banco Bradesco by 43.4% during the 3rd quarter. Citadel Advisors LLC now owns 17,012 shares of the bank's stock worth $51,000 after purchasing an additional 5,151 shares during the last quarter. Freestone Capital Holdings LLC increased its stake in shares of Banco Bradesco by 47.5% during the 1st quarter. Freestone Capital Holdings LLC now owns 19,295 shares of the bank's stock worth $74,000 after purchasing an additional 6,213 shares during the last quarter. Virtu Financial LLC increased its stake in shares of Banco Bradesco by 63.9% during the 3rd quarter. Virtu Financial LLC now owns 17,092 shares of the bank's stock worth $51,000 after purchasing an additional 6,661 shares during the last quarter. SPX Gestao de Recursos Ltda increased its stake in shares of Banco Bradesco by 61.8% during the 3rd quarter. SPX Gestao de Recursos Ltda now owns 22,904 shares of the bank's stock worth $69,000 after purchasing an additional 8,751 shares during the last quarter. Finally, Cable Hill Partners LLC acquired a new position in Banco Bradesco in the 1st quarter valued at $40,000. Institutional investors and hedge funds own 0.01% of the company's stock.
Banco Bradesco Company Profile
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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 segment, 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; debit and business cards; financial and security services; consortium products; auto, personal accident, dental, travel, and life insurance; investment products; pension products; real estate and vehicle auctions; cash management, and foreign trade and exchange services; capitalization bonds; and internet banking services.
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