Banco Bradesco (NYSE:BBDO) Sees Strong Trading Volume – Here’s Why

Banco Bradesco S.A. (NYSE:BBDO) shares saw an uptick in trading volume on Friday . 63,312 shares were traded during trading, an increase of 74% from the previous session’s volume of 36,391 shares.The stock last traded at $2.02 and had previously closed at $2.00.

Banco Bradesco Trading Up 1.8 %

The firm has a market capitalization of $21.66 billion, a price-to-earnings ratio of 6.78 and a beta of 1.04. The company has a current ratio of 1.01, a quick ratio of 0.72 and a debt-to-equity ratio of 2.48. The firm’s 50-day moving average is $1.92 and its 200 day moving average is $2.07.

Banco Bradesco Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 9th. Stockholders of record on Thursday, April 3rd will be given a $0.003 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.79%. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s payout ratio is 6.67%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BBDO. HUB Investment Partners LLC acquired a new position in shares of Banco Bradesco in the 4th quarter worth approximately $25,000. O Shaughnessy Asset Management LLC lifted its position in shares of Banco Bradesco by 402.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 41,349 shares of the bank’s stock worth $74,000 after purchasing an additional 33,126 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Banco Bradesco by 8.9% in the 4th quarter. Northern Trust Corp now owns 117,991 shares of the bank’s stock worth $211,000 after purchasing an additional 9,627 shares during the period.

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.