Banco Bradesco (NYSE:BBDO) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Banco Bradesco SA (NYSE:BBDO)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.26 and traded as low as $2.82. Banco Bradesco shares last traded at $2.8350, with a volume of 56,886 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of Banco Bradesco from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Banco Bradesco Price Performance

The stock has a market capitalization of $30.04 billion, a price-to-earnings ratio of 7.27 and a beta of 0.55. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.16 and a current ratio of 1.16. The company has a fifty day simple moving average of $3.31 and a two-hundred day simple moving average of $3.26.

Banco Bradesco (NYSE:BBDO) last posted its quarterly earnings results on Wednesday, May 6th. The bank reported $0.12 EPS for the quarter. Banco Bradesco had a return on equity of 14.15% and a net margin of 8.95%.The company had revenue of $13.07 billion during the quarter.

Banco Bradesco Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 3rd will be issued a dividend of $0.0035 per share. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. Banco Bradesco’s payout ratio is presently 5.13%.

Institutional Investors Weigh In On Banco Bradesco

A number of hedge funds and other institutional investors have recently bought and sold shares of BBDO. Franklin Resources Inc. grew its position in Banco Bradesco by 659,843.0% during the 3rd quarter. Franklin Resources Inc. now owns 47,377,311 shares of the bank’s stock worth $138,816,000 after acquiring an additional 47,370,132 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in Banco Bradesco by 79.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,067,093 shares of the bank’s stock worth $8,803,000 after acquiring an additional 1,360,089 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Banco Bradesco by 54.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 516,081 shares of the bank’s stock worth $1,073,000 after acquiring an additional 181,299 shares during the last quarter. Caprock Group LLC bought a new stake in shares of Banco Bradesco in the 3rd quarter valued at about $410,000. Finally, Ritholtz Wealth Management grew its position in shares of Banco Bradesco by 202.8% in the 1st quarter. Ritholtz Wealth Management now owns 217,530 shares of the bank’s stock valued at $716,000 after buying an additional 145,684 shares during the last quarter.

Banco Bradesco Company Profile

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.