Banco Bradesco SA (NYSE:BBDO – Get Free Report) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $3.10 and traded as high as $3.18. Banco Bradesco shares last traded at $3.0340, with a volume of 145,734 shares changing hands.
Wall Street Analyst Weigh In
Separately, Weiss Ratings downgraded shares of Banco Bradesco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.
View Our Latest Stock Report on Banco Bradesco
Banco Bradesco Stock Performance
Banco Bradesco Increases Dividend
The firm also recently declared a monthly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 3rd will be paid a dividend of $0.0034 per share. The ex-dividend date is Thursday, September 3rd. This represents a c) dividend on an annualized basis and a yield of 1.3%. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s dividend payout ratio (DPR) is currently 7.14%.
Institutional Investors Weigh In On Banco Bradesco
Institutional investors and hedge funds have recently made changes to their positions in the business. Ameritas Advisory Services LLC acquired a new position in Banco Bradesco in the 2nd quarter valued at about $33,000. Cetera Investment Advisers acquired a new position in shares of Banco Bradesco in the fourth quarter valued at approximately $32,000. Renaissance Technologies LLC purchased a new stake in shares of Banco Bradesco during the fourth quarter worth approximately $34,000. Tocqueville Asset Management L.P. purchased a new stake in shares of Banco Bradesco during the fourth quarter worth approximately $37,000. Finally, SmartHarvest Portfolios LLC acquired a new stake in shares of Banco Bradesco during the fourth quarter worth $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.
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