Banco Bradesco S.A. (NYSE:BBDO) Sees Significant Decline in Short Interest

Banco Bradesco S.A. (NYSE:BBDO) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 139,200 shares, a decrease of 26.9% from the February 28th total of 190,500 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 63,700 shares, the days-to-cover ratio is currently 2.2 days.

Banco Bradesco Price Performance

Shares of NYSE BBDO traded down $0.05 during trading hours on Monday, reaching $2.05. 15,825 shares of the stock traded hands, compared to its average volume of 37,334. The company’s 50-day simple moving average is $1.95 and its two-hundred day simple moving average is $2.05. The company has a market capitalization of $21.76 billion, a P/E ratio of 6.82 and a beta of 1.04. Banco Bradesco has a 52-week low of $1.71 and a 52-week high of $2.67. The company has a quick ratio of 0.72, a current ratio of 1.01 and a debt-to-equity ratio of 2.48.

Banco Bradesco Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 7th. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.0361 per share. The ex-dividend date is Wednesday, April 2nd. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. This represents a $0.43 annualized dividend and a dividend yield of 21.21%. Banco Bradesco’s dividend payout ratio (DPR) is 96.67%.

Institutional Investors Weigh In On Banco Bradesco

A number of institutional investors have recently made changes to their positions in the business. HUB Investment Partners LLC purchased a new position in Banco Bradesco in the 4th quarter worth $25,000. O Shaughnessy Asset Management LLC grew its stake in shares of Banco Bradesco by 402.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 41,349 shares of the bank’s stock valued at $74,000 after buying an additional 33,126 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Banco Bradesco by 8.9% in the fourth quarter. Northern Trust Corp now owns 117,991 shares of the bank’s stock worth $211,000 after buying an additional 9,627 shares during the period.

Banco Bradesco Company Profile

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.