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

Banco Bradesco SA (NYSE:BBDO) was the target of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 1,431 shares, a decline of 88.8% from the June 15th total of 12,809 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 76,473 shares, the short-interest ratio is presently 0.0 days.

Banco Bradesco Price Performance

BBDO traded up $0.14 on Friday, hitting $3.18. 76,062 shares of the stock were exchanged, compared to its average volume of 66,599. The firm has a market capitalization of $33.71 billion, a price-to-earnings ratio of 8.16 and a beta of 0.56. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.16 and a quick ratio of 1.16. Banco Bradesco has a 12 month low of $2.37 and a 12 month high of $3.80. The business has a 50-day moving average of $3.08 and a two-hundred day moving average of $3.26.

Banco Bradesco (NYSE:BBDO) last released its earnings results on Wednesday, May 6th. The bank reported $0.12 EPS for the quarter. Banco Bradesco had a net margin of 8.95% and a return on equity of 14.15%. The firm had revenue of $13.07 billion for the quarter.

Banco Bradesco Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, February 8th. Shareholders of record on Tuesday, July 7th will be given a dividend of $0.0609 per share. This represents a yield of 408.0%. The ex-dividend date is Tuesday, July 7th. Banco Bradesco’s payout ratio is currently 20.51%.

Institutional Investors Weigh In On Banco Bradesco

Large investors have recently modified their holdings of the business. Intergy Private Wealth LLC bought a new position in shares of Banco Bradesco in the 4th quarter valued at $30,000. Cetera Investment Advisers acquired a new stake in Banco Bradesco in the fourth quarter valued at about $32,000. Renaissance Technologies LLC bought a new position in Banco Bradesco in the fourth quarter valued at about $34,000. Tocqueville Asset Management L.P. bought a new position in Banco Bradesco in the fourth quarter valued at about $37,000. Finally, SmartHarvest Portfolios LLC bought a new position in Banco Bradesco in the fourth quarter valued at about $39,000.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Banco Bradesco from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Banco Bradesco presently has an average rating of “Buy”.

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.