Short Interest in BANCO DO BRASIL/S (OTCMKTS:BDORY) Decreases By 67.5%

BANCO DO BRASIL/S (OTCMKTS:BDORY) saw a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 207,400 shares, a drop of 67.5% from the February 13th total of 638,400 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 1,981,800 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. The Goldman Sachs Group downgraded BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 5th. 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.

BANCO DO BRASIL/S Trading Up 1.2 %

BANCO DO BRASIL/S stock traded up $0.06 during trading on Friday, hitting $4.91. The company had a trading volume of 82,551 shares, compared to its average volume of 704,127. BANCO DO BRASIL/S has a 1-year low of $3.72 and a 1-year high of $5.85. The company’s 50 day simple moving average is $4.70 and its 200-day simple moving average is $4.62. The stock has a market cap of $28.14 billion, a price-to-earnings ratio of 4.27, a price-to-earnings-growth ratio of 1.65 and a beta of 1.05.

BANCO DO BRASIL/S (OTCMKTS:BDORY) last released its earnings results on Thursday, February 20th. The financial services provider reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. The company had revenue of $14.73 billion during the quarter. BANCO DO BRASIL/S had a return on equity of 19.30% and a net margin of 12.30%. As a group, analysts forecast that BANCO DO BRASIL/S will post 1.08 earnings per share for the current fiscal year.

BANCO DO BRASIL/S Increases Dividend

The business also recently announced 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. This is a boost from BANCO DO BRASIL/S’s previous dividend of $0.02. The ex-dividend date of this dividend is Thursday, March 13th. BANCO DO BRASIL/S’s payout ratio is presently 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.