Banco Bradesco (NYSE:BBDO) Shares Gap Down – What’s Next?

Banco Bradesco SA (NYSE:BBDO)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $3.23, but opened at $3.07. Banco Bradesco shares last traded at $3.04, with a volume of 13,183 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Banco Bradesco from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Banco Bradesco Price Performance

The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $32.32 billion, a PE ratio of 7.82 and a beta of 0.55. The company has a fifty day moving average price of $3.34 and a two-hundred day moving average price of $3.27.

Banco Bradesco (NYSE:BBDO) last posted its earnings results on Wednesday, May 6th. The bank reported $0.12 earnings per share for the quarter. Banco Bradesco had a return on equity of 14.15% and a net margin of 8.95%.The business had revenue of $13.07 billion during the quarter.

Banco Bradesco Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 3rd will be given a $0.0035 dividend. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date is Wednesday, June 3rd. This represents a c) annualized dividend and a yield of 1.4%. Banco Bradesco’s payout ratio is currently 7.69%.

Institutional Trading of Banco Bradesco

Institutional investors and hedge funds have recently bought and sold shares of the business. Intergy Private Wealth LLC purchased a new stake in Banco Bradesco in the 4th quarter valued at $30,000. Cetera Investment Advisers purchased a new stake in Banco Bradesco in the 4th quarter valued at $32,000. Renaissance Technologies LLC purchased a new stake in Banco Bradesco in the 4th quarter valued at $34,000. Compound Planning Inc. purchased a new stake in Banco Bradesco in the 3rd quarter valued at $35,000. Finally, Tocqueville Asset Management L.P. purchased a new stake in Banco Bradesco in the 4th quarter valued at $37,000.

Banco Bradesco Company Profile

Banco Bradesco SA is a major Brazilian commercial bank and financial services company headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, Bradesco has grown into one of Brazil’s largest private-sector banks, serving individual, small-business and corporate clients through an extensive network of branches, correspondents and digital channels.

The bank’s operations span retail and commercial banking products including deposit accounts, payment services, lending (personal, mortgage and corporate), credit cards and cash management.