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

Banco Bradesco S.A. (NYSE:BBDO) shares saw strong trading volume on Friday . 63,312 shares changed hands 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 Stock Up 1.8 %

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 stock’s 50-day moving average is $1.92 and its 200-day moving average is $2.07. The company has a market cap of $21.66 billion, a price-to-earnings ratio of 6.78 and a beta of 1.04.

Banco Bradesco Increases Dividend

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

Institutional Trading of Banco Bradesco

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

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.