Banco Bradesco (NYSE:BBDO) Sees Large Volume Increase – Still a Buy?

Banco Bradesco S.A. (NYSE:BBDO) saw strong trading volume on Wednesday . 38,755 shares were traded 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 Performance

The firm’s fifty day moving average price is $2.27 and its 200-day moving average price is $2.27. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.36. The firm has a market cap of $21.53 billion, a price-to-earnings ratio of 8.74 and a beta of 1.14.

Banco Bradesco Increases Dividend

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

About Banco Bradesco

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.