Short Interest in BANCO DO BRASIL/S (OTCMKTS:BDORY) Rises By 47.8%

BANCO DO BRASIL/S (OTCMKTS:BDORY) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 638,400 shares, an increase of 47.8% from the January 31st total of 431,900 shares. Based on an average daily trading volume, of 2,439,400 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Citigroup cut shares of BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 5th. The Goldman Sachs Group cut shares of BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 5th.

BANCO DO BRASIL/S Price Performance

OTCMKTS:BDORY opened at $4.75 on Tuesday. The firm has a market capitalization of $27.22 billion, a P/E ratio of 4.13, a PEG ratio of 1.65 and a beta of 1.03. BANCO DO BRASIL/S has a 1-year low of $3.72 and a 1-year high of $5.95. The company’s fifty day moving average price is $4.53 and its 200-day moving average price is $4.64.

BANCO DO BRASIL/S (OTCMKTS:BDORY) last issued its quarterly earnings data on Thursday, February 20th. The financial services provider reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $14.73 billion during the quarter. BANCO DO BRASIL/S had a net margin of 12.30% and a return on equity of 19.30%. Equities analysts anticipate that BANCO DO BRASIL/S will post 1.08 EPS for the current fiscal year.

BANCO DO BRASIL/S Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 13th will be paid a dividend of $0.0408 per share. The ex-dividend date of this dividend is Thursday, March 13th. This is a boost from BANCO DO BRASIL/S’s previous dividend of $0.02. BANCO DO BRASIL/S’s dividend payout ratio is currently 6.09%.

About BANCO DO BRASIL/S

Banco do Brasil SA provides banking products and services for individuals, companies, and public sectors in Brazil and internationally. The company's Banking segment offers various products and services, including deposits, loans, and services to retail, wholesale, and public sector markets, as well as to micro-entrepreneurs and the low income population.