Banco Bradesco (NYSE:BBDO) Shares Scheduled to Split on Tuesday, April 19th

Shares of Banco Bradesco SA (NYSE:BBDO – Get Rating) are scheduled to split before the market opens on Tuesday, April 19th. The 11-10 split was announced on Tuesday, April 19th. The newly issued shares will be issued to shareholders after the closing bell on Tuesday, April 19th.

NYSE BBDO opened at $3.73 on Friday. Banco Bradesco has a 12 month low of $2.79 and a 12 month high of $4.86. The stock has a market cap of $36.25 billion, a price-to-earnings ratio of 9.10 and a beta of 1.13. The company’s 50 day moving average is $3.52 and its two-hundred day moving average is $3.29. The company has a current ratio of 0.64, a quick ratio of 1.46 and a debt-to-equity ratio of 1.34.

Banco Bradesco (NYSE:BBDO – Get Rating) last released its earnings results on Tuesday, February 8th. The bank reported $0.12 EPS for the quarter. Banco Bradesco had a net margin of 21.20% and a return on equity of 17.67%. The company had revenue of $6.21 billion for the quarter.

The business also recently disclosed a dividend, which will be paid on Monday, May 9th. Shareholders of record on Tuesday, April 5th will be issued a dividend of $0.0026 per share. This is a positive change from Banco Bradesco’s previous dividend of $0.00. This represents a yield of 0.81%. The ex-dividend date of this dividend is Monday, April 4th. Banco Bradesco’s dividend payout ratio (DPR) is 7.32%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Freestone Capital Holdings LLC purchased a new stake in Banco Bradesco during the 4th quarter valued at approximately $38,000. Checchi Capital Advisers LLC grew its holdings in shares of Banco Bradesco by 27.6% in the third quarter. Checchi Capital Advisers LLC now owns 18,215 shares of the bank’s stock valued at $61,000 after purchasing an additional 3,938 shares in the last quarter. Citadel Advisors LLC purchased a new position in shares of Banco Bradesco in the third quarter valued at $185,000. Morgan Stanley grew its holdings in shares of Banco Bradesco by 7.2% in the first quarter. Morgan Stanley now owns 107,621 shares of the bank’s stock valued at $440,000 after purchasing an additional 7,244 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Banco Bradesco by 9.4% in the fourth quarter. Northern Trust Corp now owns 120,772 shares of the bank’s stock valued at $350,000 after purchasing an additional 10,355 shares in the last quarter.

About Banco Bradesco (Get Rating)

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 segment, 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; debit and business cards; financial and security services; consortium products; auto, personal accident, dental, travel, and life insurance; investment products; pension products; real estate and vehicle auctions; cash management, and foreign trade and exchange services; capitalization bonds; and internet banking services.

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