Banco Bradesco S.A. (NYSE:BBD) Short Interest Down 13.6% in July

Banco Bradesco S.A. (NYSE:BBD) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 45,550,000 shares, a drop of 13.6% from the July 15th total of 52,700,000 shares. Based on an average daily volume of 20,450,000 shares, the days-to-cover ratio is presently 2.2 days.

Institutional Trading of Banco Bradesco

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. First Trust Direct Indexing L.P. lifted its position in shares of Banco Bradesco by 8.6% in the 4th quarter. First Trust Direct Indexing L.P. now owns 45,245 shares of the bank’s stock worth $158,000 after purchasing an additional 3,570 shares during the period. Gould Asset Management LLC CA lifted its holdings in Banco Bradesco by 7.3% in the fourth quarter. Gould Asset Management LLC CA now owns 53,509 shares of the bank’s stock worth $187,000 after buying an additional 3,640 shares during the period. SVB Wealth LLC boosted its position in Banco Bradesco by 11.3% during the 4th quarter. SVB Wealth LLC now owns 38,140 shares of the bank’s stock valued at $133,000 after acquiring an additional 3,868 shares in the last quarter. Ieq Capital LLC boosted its position in Banco Bradesco by 24.7% during the 4th quarter. Ieq Capital LLC now owns 20,714 shares of the bank’s stock valued at $72,000 after acquiring an additional 4,103 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Banco Bradesco by 14.5% during the 4th quarter. SG Americas Securities LLC now owns 34,102 shares of the bank’s stock worth $119,000 after acquiring an additional 4,319 shares during the period.

Banco Bradesco Trading Down 1.4 %

Shares of NYSE:BBD traded down $0.04 on Friday, reaching $2.75. 36,567,321 shares of the company traded hands, compared to its average volume of 18,716,863. Banco Bradesco has a 52 week low of $2.16 and a 52 week high of $3.65. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.54. The business’s 50-day simple moving average is $2.36 and its 200 day simple moving average is $2.61. The stock has a market capitalization of $29.31 billion, a P/E ratio of 11.96, a price-to-earnings-growth ratio of 0.24 and a beta of 0.97.

Banco Bradesco Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Wednesday, September 4th will be paid a $0.0035 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $0.04 dividend on an annualized basis and a yield of 1.51%. Banco Bradesco’s dividend payout ratio (DPR) is currently 13.04%.

About Banco Bradesco

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.