Short Interest in Banco Bradesco SA (NYSE:BBDO) Rises By 32.9%

Banco Bradesco SA (NYSE:BBDO) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 118,858 shares, an increase of 32.9% from the December 31st total of 89,450 shares. Based on an average daily trading volume, of 67,709 shares, the short-interest ratio is presently 1.8 days. Based on an average daily trading volume, of 67,709 shares, the short-interest ratio is presently 1.8 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, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. grew its holdings in Banco Bradesco by 974.0% during the fourth 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 during the period. Ritholtz Wealth Management bought a new position in shares of Banco Bradesco during the 4th quarter valued at about $206,000. Intergy Private Wealth LLC acquired a new position in shares of Banco Bradesco in the 4th quarter worth approximately $30,000. Ascent Group LLC bought a new stake in shares of Banco Bradesco in the 4th quarter worth approximately $112,000. Finally, Kathmere Capital Management LLC raised its holdings in shares of Banco Bradesco by 82.8% in the 4th quarter. Kathmere Capital Management LLC now owns 196,166 shares of the bank’s stock worth $563,000 after purchasing an additional 88,859 shares in the last quarter.

Banco Bradesco Price Performance

Shares of NYSE:BBDO opened at $3.67 on Wednesday. The company has a 50 day moving average of $3.11 and a 200-day moving average of $2.90. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.64. Banco Bradesco has a twelve month low of $1.80 and a twelve month high of $3.71.

Banco Bradesco Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 9th. Stockholders of record on Wednesday, February 4th will be given a dividend of $0.0032 per share. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date is Wednesday, February 4th. This represents a c) annualized dividend and a dividend yield of 1.0%. Banco Bradesco’s payout ratio is 5.71%.

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.