BANCO DO BRASIL/S (OTCMKTS:BDORY) Announces Earnings Results

BANCO DO BRASIL/S (OTCMKTS:BDORY) issued its quarterly earnings results on Thursday. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01, Zacks reports. BANCO DO BRASIL/S had a return on equity of 18.68% and a net margin of 12.34%.

BANCO DO BRASIL/S Stock Down 1.7 %

OTCMKTS BDORY traded down $0.09 on Thursday, reaching $5.18. The company had a trading volume of 1,719,069 shares, compared to its average volume of 883,952. The stock’s 50 day moving average is $4.38 and its 200-day moving average is $4.64. The stock has a market cap of $29.69 billion, a price-to-earnings ratio of 4.58, a PEG ratio of 1.74 and a beta of 1.03. BANCO DO BRASIL/S has a 52 week low of $3.72 and a 52 week high of $6.23.

BANCO DO BRASIL/S Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 13th were issued a $0.0227 dividend. The ex-dividend date of this dividend was Friday, December 13th. BANCO DO BRASIL/S’s dividend payout ratio is presently 7.08%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BDORY. Citigroup lowered BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 5th. The Goldman Sachs Group lowered BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 5th.

About BANCO DO BRASIL/S

Banco do Brasil SA provides banking products and services for individuals, companies, and public sectors in Brazil and internationally. The company's Banking segment offers various products and services, including deposits, loans, and services to retail, wholesale, and public sector markets, as well as to micro-entrepreneurs and the low income population.