Banco Bradesco (NYSE:BBDO) Shares Gap Down to $2.42

Banco Bradesco S.A. (NYSE:BBDO)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $2.42, but opened at $2.35. Banco Bradesco shares last traded at $2.40, with a volume of 20,905 shares traded.

Banco Bradesco Trading Down 0.8 %

The company has a 50 day moving average of $2.13 and a 200 day moving average of $2.36. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a market capitalization of $25.58 billion, a price-to-earnings ratio of 10.52 and a beta of 1.14.

Banco Bradesco Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Monday, August 5th will be given a $0.0032 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Monday, August 5th. Banco Bradesco’s dividend payout ratio (DPR) is 8.70%.

Institutional Investors Weigh In On Banco Bradesco

A hedge fund recently raised its stake in Banco Bradesco stock. QRG Capital Management Inc. raised its stake in Banco Bradesco S.A. (NYSE:BBDO) by 41.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,795 shares of the bank’s stock after buying an additional 4,898 shares during the quarter. QRG Capital Management Inc.’s holdings in Banco Bradesco were worth $53,000 at the end of the most recent quarter.

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.