Banco Bradesco (NYSE:BBDO) Trading Down 5.7% – Time to Sell?

Shares of Banco Bradesco S.A. (NYSE:BBDO) fell 5.7% on Wednesday . The company traded as low as $1.89 and last traded at $1.87. 17,832 shares were traded during trading, a decline of 69% from the average session volume of 57,368 shares. The stock had previously closed at $1.98.

Banco Bradesco Trading Down 3.5 %

The business has a fifty day simple moving average of $1.86 and a 200-day simple moving average of $2.15. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $20.38 billion, a price-to-earnings ratio of 7.37 and a beta of 1.09.

Banco Bradesco Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 7th will be given a $0.003 dividend. 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 1.87%. The ex-dividend date of this dividend is Friday, March 7th. Banco Bradesco’s dividend payout ratio is 11.54%.

Hedge Funds Weigh In On Banco Bradesco

An institutional investor recently bought a new position in Banco Bradesco stock. HUB Investment Partners LLC bought a new position in shares of Banco Bradesco S.A. (NYSE:BBDO) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 14,039 shares of the bank’s stock, valued at approximately $25,000.

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.