Banco Bradesco (NYSE:BBDO) Shares Gap Down – What’s Next?

Banco Bradesco S.A. (NYSE:BBDO)’s share price 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.

Banco Bradesco Stock Down 3.4 %

The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $19.42 billion, a price-to-earnings ratio of 7.02 and a beta of 1.09. The business’s 50-day moving average is $1.88 and its 200-day moving average is $2.17.

Banco Bradesco Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 5th will be issued a dividend of $0.0028 per share. This represents a $0.03 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Wednesday, February 5th. 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.