Banco Bradesco (NYSE:BBDO) Sees Large Volume Increase – What’s Next?

Banco Bradesco SA (NYSE:BBDO) shares saw unusually-strong trading volume on Friday . Approximately 47,984 shares were traded during mid-day trading, a decline of 5% from the previous session’s volume of 50,441 shares.The stock last traded at $3.1250 and had previously closed at $3.16.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Banco Bradesco in a research report on Tuesday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy”.

Banco Bradesco Stock Down 3.2%

The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.64. The firm’s 50 day simple moving average is $2.98 and its 200-day simple moving average is $2.74. The stock has a market capitalization of $32.14 billion, a price-to-earnings ratio of 8.63 and a beta of 0.62.

Banco Bradesco Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 9th. Investors of record on Wednesday, December 3rd will be issued a dividend of $0.0032 per share. The ex-dividend date is Wednesday, December 3rd. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. This represents a c) annualized dividend and a yield of 1.3%. Banco Bradesco’s dividend payout ratio is currently 5.71%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. raised its stake in shares of Banco Bradesco by 659,843.0% during the 3rd quarter. Franklin Resources Inc. now owns 47,377,311 shares of the bank’s stock worth $138,816,000 after purchasing an additional 47,370,132 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Banco Bradesco by 54.2% during the first quarter. Goldman Sachs Group Inc. now owns 516,081 shares of the bank’s stock worth $1,073,000 after acquiring an additional 181,299 shares in the last quarter. Caprock Group LLC acquired a new stake in Banco Bradesco in the third quarter valued at $410,000. Kathmere Capital Management LLC grew its position in shares of Banco Bradesco by 121.7% in the 2nd quarter. Kathmere Capital Management LLC now owns 104,656 shares of the bank’s stock valued at $286,000 after acquiring an additional 57,451 shares during the period. Finally, D Orazio & Associates Inc. grew its position in shares of Banco Bradesco by 37.3% in the 3rd quarter. D Orazio & Associates Inc. now owns 91,428 shares of the bank’s stock valued at $268,000 after acquiring an additional 24,822 shares during the period.

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.