Short Interest in Banco Bradesco SA (NYSE:BBDO) Decreases By 18.0%

Banco Bradesco SA (NYSE:BBDO) was the recipient of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 144,188 shares, a drop of 18.0% from the February 26th total of 175,844 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 125,364 shares, the short-interest ratio is presently 1.2 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of Banco Bradesco in a report on Friday. One analyst has rated the stock with a Buy rating, According to MarketBeat, Banco Bradesco currently has an average rating of “Buy”.

Hedge Funds Weigh In On Banco Bradesco

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Intergy Private Wealth LLC acquired a new stake in Banco Bradesco during the fourth quarter worth approximately $30,000. Cetera Investment Advisers acquired a new position in shares of Banco Bradesco in the 4th quarter valued at $32,000. Renaissance Technologies LLC purchased a new position in shares of Banco Bradesco in the 4th quarter valued at $34,000. Compound Planning Inc. acquired a new stake in Banco Bradesco during the 3rd quarter worth $35,000. Finally, Tocqueville Asset Management L.P. acquired a new stake in Banco Bradesco during the 4th quarter worth $37,000.

Banco Bradesco Stock Up 2.0%

Banco Bradesco stock traded up $0.07 during trading on Wednesday, reaching $3.36. The stock had a trading volume of 18,911 shares, compared to its average volume of 74,164. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. Banco Bradesco has a 52-week low of $1.81 and a 52-week high of $3.77. The stock has a market cap of $35.55 billion, a PE ratio of 8.60 and a beta of 0.58. The business has a 50 day moving average price of $3.44 and a 200 day moving average price of $3.13.

Banco Bradesco (NYSE:BBDO) last posted its quarterly earnings results on Friday, February 6th. The bank reported $0.11 earnings per share for the quarter. The company had revenue of $12.03 billion for the quarter. Banco Bradesco had a return on equity of 13.78% and a net margin of 9.85%.

Banco Bradesco Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 9th. Stockholders of record on Wednesday, April 8th will be given a dividend of $0.0518 per share. This represents a c) annualized dividend and a dividend yield of 18.5%. The ex-dividend date of this dividend is Wednesday, April 8th. Banco Bradesco’s dividend payout ratio (DPR) is 5.13%.

About Banco Bradesco

Banco Bradesco SA is a major Brazilian commercial bank and financial services company headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, Bradesco has grown into one of Brazil’s largest private-sector banks, serving individual, small-business and corporate clients through an extensive network of branches, correspondents and digital channels.

The bank’s operations span retail and commercial banking products including deposit accounts, payment services, lending (personal, mortgage and corporate), credit cards and cash management.