Banco Bradesco (NYSE:BBDO) Shares Gap Down – Here’s Why

Banco Bradesco S.A. (NYSE:BBDO) gapped down before the market opened on Friday . The stock had previously closed at $1.89, but opened at $1.83. Banco Bradesco shares last traded at $1.84, with a volume of 10,528 shares traded.

Banco Bradesco Trading Down 2.9 %

The stock has a market cap of $19.53 billion, a price-to-earnings ratio of 7.06 and a beta of 1.09. The business’s 50 day simple moving average is $1.89 and its 200 day simple moving average is $2.17. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.36.

Banco Bradesco Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 5th will be given a dividend of $0.0028 per share. This represents a $0.03 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Wednesday, February 5th. Banco Bradesco’s dividend payout ratio (DPR) is presently 11.54%.

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.