BANCO DO BRASIL/S (OTCMKTS:BDORY) Issues Quarterly Earnings Results

BANCO DO BRASIL/S (OTCMKTS:BDORY) released its quarterly earnings results on Thursday. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01, Zacks reports. BANCO DO BRASIL/S had a net margin of 12.34% and a return on equity of 18.68%.

BANCO DO BRASIL/S Stock Performance

BANCO DO BRASIL/S stock traded down $0.09 during mid-day trading on Thursday, reaching $5.18. The stock had a trading volume of 1,719,069 shares, compared to its average volume of 883,952. The firm has a market capitalization of $29.69 billion, a PE ratio of 4.58, a price-to-earnings-growth ratio of 1.74 and a beta of 1.03. BANCO DO BRASIL/S has a fifty-two week low of $3.72 and a fifty-two week high of $6.23. The stock’s 50-day simple moving average is $4.38 and its 200-day simple moving average is $4.64.

BANCO DO BRASIL/S Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 13th were paid a dividend of $0.0227 per share. The ex-dividend date of this dividend was Friday, December 13th. BANCO DO BRASIL/S’s dividend payout ratio (DPR) is currently 7.96%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. The Goldman Sachs Group lowered BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 5th. Citigroup lowered shares of BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 5th.

About BANCO DO BRASIL/S

Banco do Brasil SA provides banking products and services for individuals, companies, and public sectors in Brazil and internationally. The company's Banking segment offers various products and services, including deposits, loans, and services to retail, wholesale, and public sector markets, as well as to micro-entrepreneurs and the low income population.