Banco Bradesco S.A. (NYSE:BBDO – Get Rating)'s share price traded up 2.8% during mid-day trading on Friday . The company traded as high as $2.60 and last traded at $2.60. 200 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 29,926 shares. The stock had previously closed at $2.53.
Banco Bradesco Stock Up 1.9 %
The stock has a 50 day moving average of $2.69 and a 200-day moving average of $2.86. The firm has a market capitalization of $27.49 billion, a P/E ratio of 6.37 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.
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Banco Bradesco Cuts Dividend
The business also recently announced a monthly dividend, which will be paid on Monday, January 9th. Shareholders of record on Monday, December 5th will be issued a dividend of $0.0024 per share. This represents a $0.03 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Friday, December 2nd. Banco Bradesco's payout ratio is presently 7.42%.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Cable Hill Partners LLC purchased a new position in Banco Bradesco during the 1st quarter valued at about $40,000. Envestnet Asset Management Inc. purchased a new position in Banco Bradesco during the 3rd quarter valued at about $36,000. Jane Street Group LLC purchased a new position in Banco Bradesco during the 1st quarter valued at about $56,000. Citadel Advisors LLC grew its holdings in Banco Bradesco by 43.4% during the 3rd quarter. Citadel Advisors LLC now owns 17,012 shares of the bank's stock valued at $51,000 after buying an additional 5,151 shares in the last quarter. Finally, Virtu Financial LLC grew its holdings in shares of Banco Bradesco by 63.9% during the third quarter. Virtu Financial LLC now owns 17,092 shares of the bank's stock worth $51,000 after purchasing an additional 6,661 shares in the last quarter. Hedge funds and other institutional investors 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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