Banco Bradesco (NYSE:BBDO) Releases Earnings Results

Banco Bradesco (NYSE:BBDO) posted its quarterly earnings data on Thursday. The bank reported $0.08 earnings per share for the quarter, reports. Banco Bradesco had a net margin of 6.38% and a return on equity of 9.06%. The business had revenue of $9.64 billion during the quarter.

Banco Bradesco Trading Up 1.4 %

NYSE BBDO traded up $0.03 on Friday, hitting $2.43. 17,415 shares of the company’s stock were exchanged, compared to its average volume of 11,029. The stock has a 50-day moving average of $2.49 and a 200-day moving average of $2.70. Banco Bradesco has a 52 week low of $2.30 and a 52 week high of $3.21. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.84.

Banco Bradesco Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 6th will be paid a $0.0033 dividend. The ex-dividend date is Friday, May 3rd. This represents a $0.04 dividend on an annualized basis and a yield of 1.62%. Banco Bradesco’s dividend payout ratio (DPR) is 14.29%.

Institutional Trading of Banco Bradesco

A number of hedge funds have recently added to or reduced their stakes in the stock. QRG Capital Management Inc. acquired a new position in Banco Bradesco during the 3rd quarter worth about $32,000. Schechter Investment Advisors LLC acquired a new position in shares of Banco Bradesco in the third quarter worth approximately $63,000. Advisors Preferred LLC bought a new stake in Banco Bradesco in the fourth quarter valued at approximately $79,000. Profund Advisors LLC acquired a new stake in Banco Bradesco during the 3rd quarter valued at approximately $195,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in Banco Bradesco during the 3rd quarter worth approximately $364,000.

Banco Bradesco Company Profile

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.