Banco Bradesco (NYSE:BBDO) Sees Strong Trading Volume – Still a Buy?

Shares of Banco Bradesco S.A. (NYSE:BBDO) saw unusually-strong trading volume on Friday . Approximately 35,930 shares were traded during trading, an increase of 18% from the previous session’s volume of 30,345 shares.The stock last traded at $1.79 and had previously closed at $1.77.

Banco Bradesco Trading Down 0.3 %

The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $18.73 billion, a PE ratio of 6.77 and a beta of 1.11. The stock’s fifty day simple moving average is $2.00 and its 200 day simple moving average is $2.20.

Banco Bradesco Cuts Dividend

The business also recently announced a — dividend, which will be paid on Monday, August 11th. Investors of record on Friday, January 3rd will be given a dividend of $0.0329 per share. The ex-dividend date is Friday, January 3rd. This represents a yield of 11.2%. Banco Bradesco’s dividend payout ratio (DPR) is presently 7.69%.

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.