BANCO BRADESCO/S (NYSE:BBDO) Stock Crosses Above 50-Day Moving Average of $3.81
BANCO BRADESCO/S (NYSE:BBDO) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $3.81 and traded as high as $3.98. BANCO BRADESCO/S shares last traded at $3.94, with a volume of 260 shares trading hands.
Separately, ValuEngine raised BANCO BRADESCO/S from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 2nd.
The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.63 and a current ratio of 1.63. The firm has a market capitalization of $34.81 billion, a P/E ratio of 6.20 and a beta of 1.18. The company has a 50-day moving average price of $3.81 and a 200-day moving average price of $4.63.
The business also recently declared a monthly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 5th will be given a $0.0032 dividend. This is a positive change from BANCO BRADESCO/S’s previous monthly dividend of $0.00. This represents a $0.04 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Tuesday, August 4th.
An institutional investor recently bought a new position in BANCO BRADESCO/S stock. Jane Street Group LLC bought a new position in shares of BANCO BRADESCO/S (NYSE:BBDO) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 29,793 shares of the bank’s stock, valued at approximately $108,000. 0.01% of the stock is owned by institutional investors.
BANCO BRADESCO/S Company Profile (NYSE:BBDO)
Banco Bradesco SA, together with its subsidiaries, provides banking and financial products and services to individuals, corporates, and businesses in Brazil and internationally. It operates through two segments, Banking and Insurance. The company accepts checking and savings accounts, demand deposits, time deposits, and interbank deposits.
Recommended Story: How does a reverse stock split work?
Receive News & Ratings for BANCO BRADESCO/S Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BANCO BRADESCO/S and related companies with MarketBeat.com's FREE daily email newsletter.