Banco Bradesco (NYSE:BBDO) Shares Gap Down – Should You Sell?

Banco Bradesco S.A. (NYSE:BBDO) gapped down before the market opened on Wednesday . The stock had previously closed at $1.88, but opened at $1.81. Banco Bradesco shares last traded at $1.80, with a volume of 13,556 shares.

Banco Bradesco Price Performance

The company has a debt-to-equity ratio of 0.36, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market capitalization of $18.85 billion, a price-to-earnings ratio of 7.15 and a beta of 1.11. The business’s fifty day simple moving average is $2.12 and its 200 day simple moving average is $2.23.

Banco Bradesco Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Wednesday, December 4th will be paid a $0.003 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.04%. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date is Wednesday, December 4th. Banco Bradesco’s dividend payout ratio (DPR) is 7.69%.

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.