Banco Bradesco SA (NYSE:BBDO) Short Interest Update

Banco Bradesco SA (NYSE:BBDO) saw a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 175,844 shares, an increase of 126.6% from the February 12th total of 77,594 shares. Based on an average daily volume of 56,076 shares, the days-to-cover ratio is currently 3.1 days. Based on an average daily volume of 56,076 shares, the days-to-cover ratio is currently 3.1 days.

Institutional Trading of Banco Bradesco

Large investors have recently bought and sold shares of the business. Franklin Resources Inc. lifted its stake in Banco Bradesco by 659,843.0% in the third quarter. Franklin Resources Inc. now owns 47,377,311 shares of the bank’s stock valued at $138,816,000 after buying an additional 47,370,132 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Banco Bradesco by 79.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,067,093 shares of the bank’s stock worth $8,803,000 after acquiring an additional 1,360,089 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings 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 worth $1,073,000 after acquiring an additional 181,299 shares during the period. Caprock Group LLC acquired a new stake in shares of Banco Bradesco during the third quarter worth $410,000. Finally, Kathmere Capital Management LLC lifted its position in Banco Bradesco by 82.8% in the 4th quarter. Kathmere Capital Management LLC now owns 196,166 shares of the bank’s stock valued at $563,000 after acquiring an additional 88,859 shares in the last quarter.

Wall Street Analyst Weigh In

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

Banco Bradesco Price Performance

Shares of NYSE BBDO opened at $3.13 on Friday. Banco Bradesco has a twelve month low of $1.81 and a twelve month high of $3.77. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.45 and a quick ratio of 1.12. The company’s fifty day moving average is $3.40 and its 200-day moving average is $3.09.

Banco Bradesco (NYSE:BBDO) last issued its quarterly earnings data on Friday, February 6th. The bank reported $0.11 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 for the quarter.

Banco Bradesco Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Monday, April 6th will be issued 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 Monday, April 6th. This represents a c) annualized dividend and a dividend yield of 1.3%. Banco Bradesco’s dividend payout ratio (DPR) is presently 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.