Banco Bradesco (NYSE:BBDO) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Banco Bradesco S.A. (NYSE:BBDO) saw an uptick in trading volume on Friday . 55,690 shares traded hands during mid-day trading, an increase of 50% from the previous session’s volume of 37,110 shares.The stock last traded at $2.01 and had previously closed at $2.09.

Banco Bradesco Stock Down 2.2 %

The firm’s 50 day simple moving average is $1.94 and its two-hundred day simple moving average is $2.06. The firm has a market cap of $21.76 billion, a price-to-earnings ratio of 6.82 and a beta of 1.04. The company has a current ratio of 1.01, a quick ratio of 0.72 and a debt-to-equity ratio of 2.48.

Banco Bradesco Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 7th. Investors of record on Wednesday, April 2nd will be paid a $0.0361 dividend. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. This represents a $0.43 annualized dividend and a dividend yield of 21.21%. The ex-dividend date of this dividend is Wednesday, April 2nd. Banco Bradesco’s payout ratio is 6.67%.

Hedge Funds Weigh In On Banco Bradesco

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northern Trust Corp grew its holdings in shares of Banco Bradesco by 8.9% during the 4th quarter. Northern Trust Corp now owns 117,991 shares of the bank’s stock worth $211,000 after purchasing an additional 9,627 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in Banco Bradesco by 402.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 41,349 shares of the bank’s stock worth $74,000 after purchasing an additional 33,126 shares during the period. Finally, HUB Investment Partners LLC acquired a new stake in Banco Bradesco during the fourth quarter worth about $25,000.

Banco Bradesco Company Profile

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.