Banco Do Brasil (OTCMKTS:BDORY) Shares Gap Up – What’s Next?

Banco Do Brasil SA (OTCMKTS:BDORY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $4.42, but opened at $4.72. Banco Do Brasil shares last traded at $4.5990, with a volume of 13,880 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Banco Do Brasil from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

Banco Do Brasil Price Performance

The stock has a market capitalization of $26.93 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 0.31 and a beta of 0.39. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.71. The stock’s 50 day moving average price is $4.74 and its 200-day moving average price is $4.31.

Banco Do Brasil (OTCMKTS:BDORY) last posted its quarterly earnings results on Wednesday, February 11th. The financial services provider reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. Banco Do Brasil had a net margin of 3.76% and a return on equity of 11.06%. The firm had revenue of $8.61 billion for the quarter, compared to analysts’ expectations of $7.41 billion. As a group, equities analysts forecast that Banco Do Brasil SA will post 1.08 EPS for the current year.

About Banco Do Brasil

Banco do Brasil SA is one of Brazil’s largest and oldest financial institutions, founded in 1808. As a state-controlled commercial bank with a long history in the country’s financial system, it provides a broad range of universal banking services to individual, corporate and public-sector clients. The bank’s activities include retail banking, corporate and commercial lending, asset management, investment banking, treasury and capital markets operations, trade finance and international banking services.

Banco do Brasil offers a full suite of products such as deposit accounts, payment and cash management services, mortgages and consumer credit, credit cards, leasing and structured finance, as well as insurance and pension products through affiliated businesses.