BANCO DO BRASIL/S (OTCMKTS:BDORY) Issues Earnings Results

BANCO DO BRASIL/S (OTCMKTS:BDORY) posted its quarterly earnings results on Thursday. The financial services provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01, Zacks reports. The firm had revenue of $14.73 billion for the quarter. BANCO DO BRASIL/S had a return on equity of 18.68% and a net margin of 12.34%.

BANCO DO BRASIL/S Stock Performance

BDORY stock opened at $5.00 on Friday. The stock’s 50 day moving average price is $4.42 and its 200 day moving average price is $4.64. The firm has a market cap of $28.65 billion, a P/E ratio of 4.42, a PEG ratio of 1.71 and a beta of 1.03. BANCO DO BRASIL/S has a 1 year low of $3.72 and a 1 year high of $6.23.

BANCO DO BRASIL/S Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 13th will be given a $0.0408 dividend. The ex-dividend date is Thursday, March 13th. This is a positive change from BANCO DO BRASIL/S’s previous dividend of $0.02. BANCO DO BRASIL/S’s dividend payout ratio is currently 7.96%.

Analyst Ratings Changes

BDORY has been the subject of a number of research reports. Citigroup downgraded shares of BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 5th. The Goldman Sachs Group downgraded BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 5th.

About BANCO DO BRASIL/S

Banco do Brasil SA provides banking products and services for individuals, companies, and public sectors in Brazil and internationally. The company's Banking segment offers various products and services, including deposits, loans, and services to retail, wholesale, and public sector markets, as well as to micro-entrepreneurs and the low income population.