Banco Bradesco (NYSE:BBDO) Sees Unusually-High Trading Volume – What’s Next?

Shares of Banco Bradesco SA (NYSE:BBDO) saw an uptick in trading volume on Tuesday . 208,146 shares changed hands during trading, an increase of 197% from the previous session’s volume of 70,031 shares.The stock last traded at $3.45 and had previously closed at $3.45.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Banco Bradesco in a research report on Friday, March 27th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Banco Bradesco presently has a consensus rating of “Buy”.

Banco Bradesco Stock Up 2.6%

The company has a market cap of $37.51 billion, a P/E ratio of 9.08 and a beta of 0.59. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. The company’s 50-day moving average is $3.43 and its two-hundred day moving average is $3.24.

Banco Bradesco (NYSE:BBDO) last announced its quarterly earnings results on Friday, February 6th. The bank reported $0.11 earnings per share for the quarter. The company had revenue of $12.03 billion during the quarter. Banco Bradesco had a net margin of 9.85% and a return on equity of 13.78%.

Banco Bradesco Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 8th. Shareholders of record on Wednesday, May 6th will be given a $0.0033 dividend. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date of this dividend is Wednesday, May 6th. This represents a c) dividend on an annualized basis and a yield of 1.1%. Banco Bradesco’s payout ratio is presently 5.13%.

Institutional Investors Weigh In On Banco Bradesco

Large investors have recently added to or reduced their stakes in the stock. Caprock Group LLC bought a new stake in Banco Bradesco in the 3rd quarter worth approximately $410,000. Ritholtz Wealth Management grew its position in Banco Bradesco by 202.8% in the 1st quarter. Ritholtz Wealth Management now owns 217,530 shares of the bank’s stock worth $716,000 after purchasing an additional 145,684 shares during the period. SmartHarvest Portfolios LLC grew its position in Banco Bradesco by 21.2% in the 1st quarter. SmartHarvest Portfolios LLC now owns 16,371 shares of the bank’s stock worth $54,000 after purchasing an additional 2,863 shares during the period. Intergy Private Wealth LLC grew its position in Banco Bradesco by 31.4% in the 1st quarter. Intergy Private Wealth LLC now owns 13,920 shares of the bank’s stock worth $46,000 after purchasing an additional 3,323 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its position in Banco Bradesco by 79.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,067,093 shares of the bank’s stock worth $8,803,000 after purchasing an additional 1,360,089 shares during the period.

About Banco Bradesco

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.