Banco Bradesco SA (NYSE:BBDO) Sees Large Drop in Short Interest

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

Analysts Set New Price Targets

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

Institutional Trading of Banco Bradesco

A number of hedge funds have recently bought and sold shares of BBDO. Caprock Group LLC bought a new position in shares of Banco Bradesco in the 3rd quarter worth $410,000. D Orazio & Associates Inc. grew its stake in Banco Bradesco by 432.0% in the second quarter. D Orazio & Associates Inc. now owns 66,606 shares of the bank’s stock valued at $182,000 after purchasing an additional 54,085 shares during the last quarter. Savant Capital LLC bought a new position in Banco Bradesco in the second quarter worth about $51,000. Goldman Sachs Group Inc. lifted its position in shares of Banco Bradesco by 54.2% during the first quarter. Goldman Sachs Group Inc. now owns 516,081 shares of the bank’s stock valued at $1,073,000 after buying an additional 181,299 shares during the last quarter. Finally, SmartHarvest Portfolios LLC purchased a new stake in shares of Banco Bradesco during the fourth quarter valued at about $39,000.

Banco Bradesco Trading Down 4.7%

NYSE:BBDO opened at $3.45 on Wednesday. Banco Bradesco has a 1 year low of $1.81 and a 1 year high of $3.77. The stock’s 50 day simple moving average is $3.34 and its two-hundred day simple moving average is $3.05. The company has a quick ratio of 1.12, a current ratio of 1.45 and a debt-to-equity ratio of 2.68.

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

Banco Bradesco Increases Dividend

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