BANCO DO BRASIL/S (OTCMKTS:BDORY) Issues Quarterly Earnings Results

BANCO DO BRASIL/S (OTCMKTS:BDORY) posted its quarterly earnings results on Thursday. The financial services provider reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01, Zacks reports. BANCO DO BRASIL/S had a net margin of 12.34% and a return on equity of 18.68%.

BANCO DO BRASIL/S Price Performance

Shares of OTCMKTS BDORY opened at $4.99 on Friday. The company has a 50 day simple moving average of $4.40 and a 200-day simple moving average of $4.64. The company has a market capitalization of $28.60 billion, a P/E ratio of 4.50, a P/E/G ratio of 1.71 and a beta of 1.03. BANCO DO BRASIL/S has a 1 year low of $3.72 and a 1 year high of $6.23.

BANCO DO BRASIL/S Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 13th were issued a dividend of $0.0227 per share. The ex-dividend date was Friday, December 13th. BANCO DO BRASIL/S’s dividend payout ratio is currently 7.96%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on BDORY shares. The Goldman Sachs Group lowered shares of BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 5th. Citigroup downgraded shares of BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 5th.

About BANCO DO BRASIL/S

Banco do Brasil SA provides banking products and services for individuals, companies, and public sectors in Brazil and internationally. The company's Banking segment offers various products and services, including deposits, loans, and services to retail, wholesale, and public sector markets, as well as to micro-entrepreneurs and the low income population.