Banco Bradesco (NYSE:BBDO) Hits New 12-Month High – Time to Buy?

Shares of Banco Bradesco S.A. (NYSE:BBDO) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $2.70 and last traded at $2.69, with a volume of 13688 shares changing hands. The stock had previously closed at $2.59.

Banco Bradesco Stock Performance

The company has a current ratio of 1.01, a quick ratio of 0.72 and a debt-to-equity ratio of 2.48. The firm has a market capitalization of $28.63 billion, a price-to-earnings ratio of 8.97 and a beta of 0.79. The company has a 50-day moving average of $2.30 and a 200-day moving average of $2.04.

Banco Bradesco (NYSE:BBDO) last posted its quarterly earnings results on Wednesday, May 7th. The bank reported $0.09 earnings per share (EPS) for the quarter. Banco Bradesco had a return on equity of 11.43% and a net margin of 8.46%.

Banco Bradesco Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, July 9th. Investors of record on Thursday, June 5th will be paid a dividend of $0.0019 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a yield of 0.91%. Banco Bradesco’s payout ratio is currently 6.25%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. HUB Investment Partners LLC bought a new position in shares of Banco Bradesco in the fourth quarter worth $25,000. O Shaughnessy Asset Management LLC grew its stake in shares of Banco Bradesco by 402.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 41,349 shares of the bank’s stock worth $74,000 after purchasing an additional 33,126 shares in the last quarter. Northern Trust Corp grew its stake in shares of Banco Bradesco by 8.9% in the fourth quarter. Northern Trust Corp now owns 117,991 shares of the bank’s stock worth $211,000 after purchasing an additional 9,627 shares in the last quarter. D Orazio & Associates Inc. bought a new position in shares of Banco Bradesco in the first quarter worth $26,000. Finally, BSW Wealth Partners grew its stake in shares of Banco Bradesco by 29.7% in the first quarter. BSW Wealth Partners now owns 30,709 shares of the bank’s stock worth $64,000 after purchasing an additional 7,027 shares in the last quarter.

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.