Banco Bradesco SA (NYSE:BBDO) Short Interest Down 27.2% in February

Banco Bradesco SA (NYSE:BBDO) was the recipient of a significant decline in short interest in February. As of February 13th, there was short interest totaling 77,594 shares, a decline of 27.2% from the January 29th total of 106,569 shares. Based on an average daily volume of 89,620 shares, the short-interest ratio is presently 0.9 days. Based on an average daily volume of 89,620 shares, the short-interest ratio is presently 0.9 days.

Banco Bradesco Stock Performance

Shares of Banco Bradesco stock traded down $0.13 during trading hours on Monday, reaching $3.61. 56,323 shares of the company’s stock were exchanged, compared to its average volume of 70,044. The company has a current ratio of 1.45, a quick ratio of 1.12 and a debt-to-equity ratio of 2.68. Banco Bradesco has a 52-week low of $1.81 and a 52-week high of $3.77. The company has a fifty day moving average of $3.33 and a 200-day moving average of $3.04.

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

Banco Bradesco Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th will be paid a dividend of $0.0033 per share. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date is Wednesday, March 4th. This represents a c) dividend on an annualized basis and a yield of 1.1%. Banco Bradesco’s payout ratio is 5.13%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Banco Bradesco in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Institutional Investors Weigh In On Banco Bradesco

Several institutional investors and hedge funds have recently bought and sold shares of BBDO. Intergy Private Wealth LLC acquired a new stake in shares of Banco Bradesco in the 4th quarter worth about $30,000. Cetera Investment Advisers bought a new stake in shares of Banco Bradesco in the 4th quarter worth $32,000. Renaissance Technologies LLC acquired a new stake in Banco Bradesco in the 4th quarter valued at about $34,000. Compound Planning Inc. acquired a new stake in Banco Bradesco during the third quarter valued at approximately $35,000. Finally, SBI Securities Co. Ltd. boosted its stake in shares of Banco Bradesco by 974.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 13,898 shares of the bank’s stock worth $40,000 after acquiring an additional 12,604 shares in the last quarter.

Banco Bradesco Company Profile

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.