Banco Bradesco (NYSE:BBDO) Shares Cross Above Fifty Day Moving Average of $2.27

Banco Bradesco S.A. (NYSE:BBDO) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $2.27 and traded as high as $2.61. Banco Bradesco shares last traded at $2.61, with a volume of 20,694 shares.

Banco Bradesco Price Performance

The company has a debt-to-equity ratio of 0.62, a current ratio of 0.76 and a quick ratio of 0.76. The business’s 50-day moving average price is $2.28 and its two-hundred day moving average price is $2.35. The firm has a market cap of $26.54 billion, a price-to-earnings ratio of 10.83 and a beta of 1.14.

Banco Bradesco (NYSE:BBDO) last released its quarterly earnings data on Monday, August 5th. The bank reported $0.09 earnings per share for the quarter. Banco Bradesco had a net margin of 6.68% and a return on equity of 9.88%. The firm had revenue of $9.64 billion for the quarter.

Banco Bradesco Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Wednesday, September 4th will be paid a dividend of $0.0032 per share. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $0.04 annualized dividend and a yield of 1.52%. Banco Bradesco’s payout ratio is 8.70%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Banco Bradesco stock. QRG Capital Management Inc. lifted its position in Banco Bradesco S.A. (NYSE:BBDO) by 41.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,795 shares of the bank’s stock after acquiring an additional 4,898 shares during the period. QRG Capital Management Inc.’s holdings in Banco Bradesco were worth $53,000 as of its most recent SEC filing.

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.