Banco Bradesco (NYSE:BBDO) Stock Crosses Below 50 Day Moving Average of $2.55

Banco Bradesco S.A. (NYSE:BBDO) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $2.55 and traded as low as $2.38. Banco Bradesco shares last traded at $2.42, with a volume of 16,192 shares changing hands.

Banco Bradesco Stock Up 0.4 %

The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.97 and a current ratio of 0.97. The business has a 50-day simple moving average of $2.53 and a two-hundred day simple moving average of $2.71.

Banco Bradesco Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 6th will be paid a $0.0033 dividend. The ex-dividend date is Friday, May 3rd. This represents a $0.04 annualized dividend and a yield of 1.67%. Banco Bradesco’s dividend payout ratio is currently 14.29%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BBDO. Citadel Advisors LLC purchased a new position in Banco Bradesco in the second quarter worth $32,000. QRG Capital Management Inc. purchased a new position in shares of Banco Bradesco in the 3rd quarter valued at about $32,000. Envestnet Asset Management Inc. acquired a new stake in shares of Banco Bradesco in the third quarter valued at about $36,000. Jane Street Group LLC purchased a new stake in Banco Bradesco during the first quarter worth about $56,000. Finally, Schechter Investment Advisors LLC acquired a new position in Banco Bradesco during the third quarter worth about $63,000.

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.