Banco Bradesco (NYSE:BBDO) Trading Up 3.8% – What’s Next?

Banco Bradesco SA (NYSE:BBDO)’s stock price traded up 3.8% during trading on Tuesday . The company traded as high as $3.13 and last traded at $3.1050. Approximately 5,332 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 77,133 shares. The stock had previously closed at $2.99.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Banco Bradesco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Banco Bradesco presently has a consensus rating of “Hold”.

Banco Bradesco Stock Performance

The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 2.93. The company has a market cap of $32.11 billion, a PE ratio of 7.21 and a beta of 0.55. The business has a fifty day moving average of $3.11 and a 200-day moving average of $3.24.

Banco Bradesco Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 3rd will be issued a $0.0034 dividend. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date is Thursday, September 3rd. This represents a c) annualized dividend and a yield of 1.3%. Banco Bradesco’s dividend payout ratio (DPR) is currently 7.14%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. raised its holdings in Banco Bradesco by 659,843.0% in the third quarter. Franklin Resources Inc. now owns 47,377,311 shares of the bank’s stock worth $138,816,000 after purchasing an additional 47,370,132 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in Banco Bradesco by 79.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,067,093 shares of the bank’s stock valued at $8,803,000 after acquiring an additional 1,360,089 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Banco Bradesco by 54.2% during the first quarter. Goldman Sachs Group Inc. now owns 516,081 shares of the bank’s stock valued at $1,073,000 after buying an additional 181,299 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in shares of Banco Bradesco by 202.8% during the 1st quarter. Ritholtz Wealth Management now owns 217,530 shares of the bank’s stock valued at $716,000 after acquiring an additional 145,684 shares during the last quarter. Finally, Kathmere Capital Management LLC grew its position in Banco Bradesco by 33.5% in the 1st quarter. Kathmere Capital Management LLC now owns 261,787 shares of the bank’s stock worth $861,000 after purchasing an additional 65,621 shares during the period.

About Banco Bradesco

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.