Banco Bradesco (NYSE:BBDO) Reaches New 12-Month Low at $2.26

Banco Bradesco S.A. (NYSE:BBDO)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $2.26 and last traded at $2.27, with a volume of 14197 shares changing hands. The stock had previously closed at $2.31.

Banco Bradesco Stock Performance

The business’s 50 day moving average price is $2.43 and its 200-day moving average price is $2.67. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.77 and a current ratio of 0.77.

Banco Bradesco (NYSE:BBDO) last announced its earnings results on Thursday, May 2nd. The bank reported $0.08 earnings per share (EPS) for the quarter. Banco Bradesco had a return on equity of 9.55% and a net margin of 6.70%. The business had revenue of $9.64 billion for the quarter.

Banco Bradesco Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, July 9th. Investors of record on Wednesday, June 5th will be issued a $0.0034 dividend. The ex-dividend date is Wednesday, June 5th. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. This represents a $0.04 annualized dividend and a yield of 1.75%. Banco Bradesco’s dividend payout ratio is currently 13.04%.

Institutional Investors Weigh In On Banco Bradesco

Institutional investors have recently modified their holdings of the stock. QRG Capital Management Inc. acquired a new stake in Banco Bradesco during the third quarter valued at approximately $32,000. Schechter Investment Advisors LLC bought a new stake in shares of Banco Bradesco in the 3rd quarter valued at approximately $63,000. Advisors Preferred LLC acquired a new stake in shares of Banco Bradesco during the 4th quarter valued at approximately $79,000. Profund Advisors LLC bought a new position in Banco Bradesco during the third quarter worth $195,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Banco Bradesco in the third quarter worth $364,000.

About Banco Bradesco

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.