Banco Bradesco (NYSE:BBDO) Stock Price Down 7.2% - Here's Why

Banco Bradesco SA (NYSE:BBDO - Get Free Report) fell 7.2% during mid-day trading on Friday . The stock traded as low as $3.00 and last traded at $3.0350. 49,609 shares were traded during trading, a decline of 7% from the average session volume of 53,111 shares. The stock had previously closed at $3.27.Get Banco Bradesco alerts:Analyst Upgrades and DowngradesSeparately, Weiss Ratings reiterated a "hold (c+)" rating on shares of Banco Bradesco in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Banco Bradesco currently has an average rating of "Hold".View Our Latest Research Report on Banco BradescoBanco Bradesco Trading Down 7.3%The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.63. The company's 50-day moving average is $2.93 and its 200-day moving average is $2.69. The stock has a market capitalization of $32.25 billion, a price-to-earnings ratio of 8.73 and a beta of 0.81. Banco Bradesco Increases DividendThe company also recently declared a monthly dividend, which will be paid on Friday, January 9th. Stockholders of record on Wednesday, December 3rd will be issued a dividend of $0.0032 per share. The ex-dividend date is Wednesday, December 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from Banco Bradesco's previous monthly dividend of $0.00. Banco Bradesco's payout ratio is 5.71%. Institutional Inflows and OutflowsSeveral hedge funds have recently added to or reduced their stakes in BBDO. Ritholtz Wealth Management acquired a new stake in Banco Bradesco during the second quarter worth $30,000. Farther Finance Advisors LLC increased its position in shares of Banco Bradesco by 5,542.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 11,172 shares of the bank's stock worth $30,000 after purchasing an additional 10,974 shares during the last quarter. Compound Planning Inc. acquired a new stake in shares of Banco Bradesco during the 3rd quarter worth about $35,000. Aprio Wealth Management LLC purchased a new stake in Banco Bradesco in the 1st quarter valued at about $43,000. Finally, Savant Capital LLC acquired a new position in Banco Bradesco in the second quarter valued at about $51,000. About Banco Bradesco (Get Free Report)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.Featured ArticlesFive stocks we like better than Banco BradescoBest Energy Stocks - Energy Stocks to Buy NowAffirm Just Crushed Earnings—But Can It Outrun Klarna’s Scale?How to Profit From Value Investing 4 High-Risk Growth Stocks Under $15 to Watch This FallUsing the MarketBeat Stock Split CalculatorWalmart Stock Surges After a Solid Q3—Stronger Growth AheadThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Banco Bradesco Right Now?Before you consider Banco Bradesco, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Banco Bradesco wasn't on the list.While Banco Bradesco currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here