Banco Bradesco (NYSE:BBDO) Sees Large Volume Increase – Still a Buy?

Shares of Banco Bradesco S.A. (NYSE:BBDO) saw strong trading volume on Friday . 63,312 shares traded hands during mid-day trading, an increase of 74% from the previous session’s volume of 36,391 shares.The stock last traded at $2.02 and had previously closed at $2.00.

Banco Bradesco Stock Performance

The stock’s 50 day simple moving average is $1.92 and its two-hundred day simple moving average is $2.07. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.01 and a quick ratio of 0.72. The stock has a market cap of $21.66 billion, a P/E ratio of 6.78 and a beta of 1.04.

Banco Bradesco Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 9th. Investors of record on Thursday, April 3rd will be issued a dividend of $0.003 per share. The ex-dividend date is Thursday, April 3rd. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.79%. Banco Bradesco’s dividend payout ratio (DPR) is presently 6.67%.

Institutional Investors Weigh In On Banco Bradesco

Several institutional investors have recently bought and sold shares of the company. HUB Investment Partners LLC acquired a new stake in shares of Banco Bradesco in the fourth quarter valued at approximately $25,000. O Shaughnessy Asset Management LLC increased its stake in Banco Bradesco by 402.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 41,349 shares of the bank’s stock valued at $74,000 after buying an additional 33,126 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Banco Bradesco by 8.9% during the 4th quarter. Northern Trust Corp now owns 117,991 shares of the bank’s stock worth $211,000 after buying an additional 9,627 shares during the last quarter.

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.