Banco Bradesco (NYSE:BBDO) Shares Gap Down – Time to Sell?

Banco Bradesco S.A. (NYSE:BBDO) shares gapped down before the market opened on Wednesday . The stock had previously closed at $2.02, but opened at $1.93. Banco Bradesco shares last traded at $1.96, with a volume of 22,262 shares changing hands.

Banco Bradesco Stock Down 1.2 %

The stock has a market capitalization of $21.23 billion, a PE ratio of 7.67 and a beta of 1.09. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.72 and a quick ratio of 0.72. The business’s fifty day moving average price is $1.86 and its two-hundred day moving average price is $2.16.

Banco Bradesco Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 5th will be issued a dividend of $0.0028 per share. This represents a $0.03 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Wednesday, February 5th. Banco Bradesco’s dividend payout ratio (DPR) is presently 11.54%.

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.