D Orazio & Associates Inc. Buys 54,085 Shares of Banco Bradesco SA $BBDO

D Orazio & Associates Inc. lifted its stake in shares of Banco Bradesco SA (NYSE:BBDO) by 432.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,606 shares of the bank’s stock after buying an additional 54,085 shares during the quarter. D Orazio & Associates Inc.’s holdings in Banco Bradesco were worth $182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Ritholtz Wealth Management bought a new stake in Banco Bradesco during the 2nd quarter valued at approximately $30,000. Farther Finance Advisors LLC lifted its stake in shares of Banco Bradesco by 5,542.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 11,172 shares of the bank’s stock valued at $30,000 after purchasing an additional 10,974 shares during the period. Aprio Wealth Management LLC bought a new stake in shares of Banco Bradesco during the first quarter valued at approximately $43,000. Savant Capital LLC purchased a new stake in Banco Bradesco in the second quarter worth $51,000. Finally, Kathmere Capital Management LLC raised its holdings in Banco Bradesco by 121.7% in the second quarter. Kathmere Capital Management LLC now owns 104,656 shares of the bank’s stock worth $286,000 after purchasing an additional 57,451 shares in the last quarter.

Banco Bradesco Stock Performance

Shares of BBDO stock opened at $3.18 on Friday. The company has a market capitalization of $33.79 billion, a price-to-earnings ratio of 9.07 and a beta of 0.81. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.11 and a current ratio of 1.11. Banco Bradesco SA has a one year low of $1.71 and a one year high of $3.21. The company’s 50-day moving average is $2.89 and its 200 day moving average is $2.65.

Banco Bradesco Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 9th. Investors of record on Wednesday, December 3rd will be given a dividend of $0.0032 per share. This represents a c) annualized dividend and a dividend yield of 1.2%. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date of this dividend is Wednesday, December 3rd. Banco Bradesco’s payout ratio is 5.71%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Banco Bradesco in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

About Banco Bradesco

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services.