Banco Bradesco (NYSE:BBDO) Share Price Passes Below 200 Day Moving Average of $2.70

Banco Bradesco S.A. (NYSE:BBDO)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.70 and traded as low as $2.37. Banco Bradesco shares last traded at $2.40, with a volume of 6,345 shares.

Banco Bradesco Stock Up 0.8 %

The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.84. The business’s 50 day moving average is $2.49 and its 200 day moving average is $2.70.

Banco Bradesco Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 6th will be paid a $0.0033 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Friday, May 3rd. Banco Bradesco’s dividend payout ratio (DPR) is 14.29%.

Hedge Funds Weigh In On Banco Bradesco

Several institutional investors and hedge funds have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in Banco Bradesco in the third quarter worth $364,000. Profund Advisors LLC purchased a new position in Banco Bradesco in the third quarter worth $195,000. Advisors Preferred LLC purchased a new position in Banco Bradesco in the fourth quarter worth $79,000. Schechter Investment Advisors LLC purchased a new position in Banco Bradesco in the third quarter worth $63,000. Finally, QRG Capital Management Inc. grew its holdings in Banco Bradesco by 41.2% in the fourth quarter. QRG Capital Management Inc. now owns 16,795 shares of the bank’s stock worth $53,000 after purchasing an additional 4,898 shares during the last 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.