Banco Do Brasil (OTCMKTS:BDORY) Sees Large Volume Increase – Still a Buy?

Banco Do Brasil SA (OTCMKTS:BDORY) saw an uptick in trading volume on Tuesday . 1,629,819 shares traded hands during trading, an increase of 200% from the previous session’s volume of 543,305 shares.The stock last traded at $5.20 and had previously closed at $5.14.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BDORY. Zacks Research raised shares of Banco Do Brasil from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Citigroup lowered shares of Banco Do Brasil from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 13th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Banco Do Brasil has an average rating of “Hold”.

Banco Do Brasil Stock Performance

The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 1.97. The company’s 50 day moving average is $4.45 and its 200-day moving average is $4.19. The company has a market capitalization of $30.83 billion, a P/E ratio of 12.51, a price-to-earnings-growth ratio of 0.37 and a beta of 0.39.

Banco Do Brasil (OTCMKTS:BDORY) last posted its quarterly earnings data on Wednesday, February 11th. The financial services provider reported $0.19 EPS for the quarter, topping the consensus estimate of $0.13 by $0.06. Banco Do Brasil had a net margin of 3.76% and a return on equity of 11.21%. The business had revenue of $8.61 billion for the quarter, compared to analyst estimates of $7.41 billion. Equities analysts anticipate that Banco Do Brasil SA will post 1.08 EPS for the current fiscal year.

About Banco Do Brasil

Banco do Brasil SA is one of Brazil’s largest and oldest financial institutions, founded in 1808. As a state-controlled commercial bank with a long history in the country’s financial system, it provides a broad range of universal banking services to individual, corporate and public-sector clients. The bank’s activities include retail banking, corporate and commercial lending, asset management, investment banking, treasury and capital markets operations, trade finance and international banking services.

Banco do Brasil offers a full suite of products such as deposit accounts, payment and cash management services, mortgages and consumer credit, credit cards, leasing and structured finance, as well as insurance and pension products through affiliated businesses.