BANCO BRADESCO/S (NYSE:BBDO) Stock Price Passes Above 50 Day Moving Average of $3.81

BANCO BRADESCO/S (NYSE:BBDO) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $3.81 and traded as high as $3.98. BANCO BRADESCO/S shares last traded at $3.94, with a volume of 260 shares changing hands.

Separately, ValuEngine raised shares of BANCO BRADESCO/S from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 2nd.

The company has a market cap of $34.81 billion, a P/E ratio of 6.20 and a beta of 1.18. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.73. The stock’s 50-day moving average price is $3.81 and its 200-day moving average price is $4.63.

BANCO BRADESCO/S (NYSE:BBDO) last posted its quarterly earnings data on Thursday, April 30th. The bank reported $0.09 EPS for the quarter. The firm had revenue of $5.84 billion during the quarter. BANCO BRADESCO/S had a net margin of 16.31% and a return on equity of 17.35%.

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 5th will be paid a dividend of $0.0032 per share. The ex-dividend date is Tuesday, August 4th. This represents a $0.04 annualized dividend and a dividend yield of 0.99%. This is a positive change from BANCO BRADESCO/S’s previous monthly dividend of $0.00.

A hedge fund recently raised its stake in BANCO BRADESCO/S stock. Checchi Capital Advisers LLC lifted its stake in shares of BANCO BRADESCO/S (NYSE:BBDO) by 38.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,279 shares of the bank’s stock after purchasing an additional 3,940 shares during the period. Checchi Capital Advisers LLC’s holdings in BANCO BRADESCO/S were worth $51,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 0.01% of the company’s stock.

About BANCO BRADESCO/S (NYSE:BBDO)

Banco Bradesco SA, together with its subsidiaries, provides banking and financial products and services to individuals, corporates, and businesses in Brazil and internationally. It operates through two segments, Banking and Insurance. The company accepts checking and savings accounts, demand deposits, time deposits, and interbank deposits.

Further Reading: What is Call Option Volume?

Receive News & Ratings for BANCO BRADESCO/S Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BANCO BRADESCO/S and related companies with MarketBeat.com's FREE daily email newsletter.