Banco Bradesco (NYSE:BBDO) Stock Price Down 5.7% – Here’s Why

Banco Bradesco S.A. (NYSE:BBDO) traded down 5.7% during trading on Wednesday . The stock traded as low as $1.89 and last traded at $1.87. 17,832 shares traded hands 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 Stock Performance

The firm has a market capitalization of $20.38 billion, a P/E ratio of 7.37 and a beta of 1.09. The stock has a fifty day simple moving average of $1.86 and a two-hundred day simple moving average of $2.15. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.72 and a quick ratio of 0.72.

Banco Bradesco Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 7th will be paid a dividend of $0.003 per share. The ex-dividend date is Friday, March 7th. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.00. This represents a $0.04 annualized dividend and a yield of 1.87%. Banco Bradesco’s dividend payout ratio is currently 11.54%.

Institutional Investors Weigh In On Banco Bradesco

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

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.