Banco Bradesco (NYSE:BBDO) Sees Unusually-High Trading Volume – Time to Buy?

Banco Bradesco S.A. (NYSE:BBDO) saw an uptick in trading volume on Wednesday . 38,755 shares changed hands during trading, an increase of 82% from the previous session’s volume of 21,352 shares.The stock last traded at $2.02 and had previously closed at $2.11.

Banco Bradesco Stock Down 4.3 %

The company has a market capitalization of $21.53 billion, a price-to-earnings ratio of 8.74 and a beta of 1.14. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.72 and a current ratio of 0.72. The business has a 50-day simple moving average of $2.27 and a two-hundred day simple moving average of $2.27.

Banco Bradesco Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, December 4th will be given a $0.003 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.78%. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date of this dividend is Wednesday, December 4th. Banco Bradesco’s dividend payout ratio (DPR) is 8.70%.

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.