Banco Bradesco (NYSE:BBDO) Trading Down 4.1% – Should You Sell?

Banco Bradesco SA (NYSE:BBDO) shares traded down 4.1% during trading on Monday . The company traded as low as $3.29 and last traded at $3.30. Approximately 35,629 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 76,688 shares. The stock had previously closed at $3.44.

Analyst Upgrades and Downgrades

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

Banco Bradesco Price Performance

The stock has a 50-day moving average of $3.07 and a two-hundred day moving average of $3.28. The firm has a market cap of $35.10 billion, a price-to-earnings ratio of 8.50 and a beta of 0.56. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.17.

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

Banco Bradesco Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 5th will be paid a $0.0034 dividend. The ex-dividend date of this dividend is Wednesday, August 5th. This represents a c) dividend on an annualized basis and a yield of 1.2%. Banco Bradesco’s dividend payout ratio (DPR) is currently 5.13%.

Institutional Trading of Banco Bradesco

Large investors have recently added to or reduced their stakes in the company. Intergy Private Wealth LLC purchased a new stake in shares of Banco Bradesco in the fourth quarter valued at $30,000. Cetera Investment Advisers acquired a new position in Banco Bradesco during the fourth quarter valued at $32,000. Renaissance Technologies LLC purchased a new stake in Banco Bradesco in the 4th quarter worth about $34,000. Tocqueville Asset Management L.P. purchased a new stake in Banco Bradesco in the 4th quarter worth about $37,000. Finally, SmartHarvest Portfolios LLC acquired a new stake in Banco Bradesco during the 4th quarter worth about $39,000.

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.