Banco Bradesco S.A. (NYSE:BBDO) Announces Dividend Increase – $0.00 Per Share
Banco Bradesco S.A. (NYSE:BBDO – Get Free Report) declared a dividend on Friday, December 15th, NASDAQ reports. Stockholders of record on Thursday, January 4th will be given a dividend of 0.0035 per share by the bank on Monday, February 12th. The ex-dividend date of this dividend is Wednesday, January 3rd. This is an increase from Banco Bradesco’s previous dividend of $0.002567.
Banco Bradesco Stock Down 3.2 %
BBDO stock traded down $0.10 during trading on Friday, hitting $3.00. 324,808 shares of the company’s stock were exchanged, compared to its average volume of 24,536. The stock has a market capitalization of $31.98 billion, a price-to-earnings ratio of 14.29 and a beta of 1.13. Banco Bradesco has a 52-week low of $2.12 and a 52-week high of $3.15. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.84. The business has a 50-day moving average price of $2.73 and a two-hundred day moving average price of $2.79.
Banco Bradesco (NYSE:BBDO – Get Free Report) last issued its earnings results on Thursday, November 9th. The bank reported $0.08 earnings per share (EPS) for the quarter. Banco Bradesco had a net margin of 6.38% and a return on equity of 9.06%. The business had revenue of $10.65 billion during the quarter.
Hedge Funds Weigh In On Banco Bradesco
Several hedge funds have recently made changes to their positions in the company. Jane Street Group LLC acquired a new stake in shares of Banco Bradesco in the first quarter valued at approximately $56,000. Northern Trust Corp boosted its stake in Banco Bradesco by 11.8% during the 2nd quarter. Northern Trust Corp now owns 138,498 shares of the bank’s stock worth $378,000 after purchasing an additional 14,610 shares during the period. Envestnet Asset Management Inc. purchased a new position in Banco Bradesco during the 3rd quarter worth $36,000. Citadel Advisors LLC increased its stake in Banco Bradesco by 43.4% in the third quarter. Citadel Advisors LLC now owns 17,012 shares of the bank’s stock valued at $51,000 after purchasing an additional 5,151 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Banco Bradesco by 1,852.2% in the fourth quarter. JPMorgan Chase & Co. now owns 145,481 shares of the bank’s stock valued at $375,000 after buying an additional 138,029 shares during the last quarter. Hedge funds and other institutional investors own 0.01% of the company’s stock.
Banco Bradesco Company Profile (Get Free Report)
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; debit and business cards; financial and security services; consortium products; auto, personal accident, dental, travel, and life insurance; investment products; pension products; real estate and vehicle auctions; cash management, and foreign trade and exchange services; capitalization bonds; and internet banking services.
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Original: MarketBeat News Feed: Banco Bradesco S.A. (NYSE:BBDO) Announces Dividend Increase – $0.00 Per Share