BANCO DO BRASIL/S (OTCMKTS:BDORY) Sees Significant Decrease in Short Interest

BANCO DO BRASIL/S (OTCMKTS:BDORY) was the target of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 108,100 shares, a decline of 47.9% from the February 28th total of 207,400 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 317,500 shares, the short-interest ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

Several analysts recently commented on BDORY shares. Citigroup lowered BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 5th. The Goldman Sachs Group downgraded BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 5th.

BANCO DO BRASIL/S Trading Down 0.3 %

BDORY stock traded down $0.01 during midday trading on Friday, reaching $5.01. 259,703 shares of the company’s stock traded hands, compared to its average volume of 615,540. The stock’s 50-day moving average is $4.87 and its 200 day moving average is $4.61. The stock has a market cap of $28.69 billion, a P/E ratio of 4.35, a PEG ratio of 1.65 and a beta of 1.05. BANCO DO BRASIL/S has a 52-week low of $3.72 and a 52-week high of $5.82.

BANCO DO BRASIL/S (OTCMKTS:BDORY) last announced its earnings results on Thursday, February 20th. The financial services provider reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. BANCO DO BRASIL/S had a return on equity of 19.30% and a net margin of 12.30%. The company had revenue of $14.73 billion for the quarter. As a group, research analysts expect that BANCO DO BRASIL/S will post 1.08 EPS for the current fiscal year.

BANCO DO BRASIL/S Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 13th will be given a dividend of $0.0408 per share. This is a boost from BANCO DO BRASIL/S’s previous dividend of $0.02. The ex-dividend date is Thursday, March 13th. BANCO DO BRASIL/S’s payout ratio is presently 6.09%.

BANCO DO BRASIL/S Company Profile

Banco do Brasil SA provides banking products and services for individuals, companies, and public sectors in Brazil and internationally. The company's Banking segment offers various products and services, including deposits, loans, and services to retail, wholesale, and public sector markets, as well as to micro-entrepreneurs and the low income population.