Banco Bradesco S.A. (NYSE:BBDO) Sees Large Drop in Short Interest

Banco Bradesco S.A. (NYSE:BBDO) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 139,200 shares, a decrease of 26.9% from the February 28th total of 190,500 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 63,700 shares, the short-interest ratio is presently 2.2 days.

Hedge Funds Weigh In On Banco Bradesco

Hedge funds have recently modified their holdings of the stock. HUB Investment Partners LLC purchased a new position in Banco Bradesco during the 4th quarter valued at approximately $25,000. O Shaughnessy Asset Management LLC grew its holdings in shares of Banco Bradesco by 402.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 41,349 shares of the bank’s stock valued at $74,000 after purchasing an additional 33,126 shares in the last quarter. Finally, Northern Trust Corp increased its position in Banco Bradesco by 8.9% in the fourth quarter. Northern Trust Corp now owns 117,991 shares of the bank’s stock worth $211,000 after purchasing an additional 9,627 shares during the last quarter.

Banco Bradesco Stock Performance

NYSE:BBDO opened at $2.08 on Friday. The stock has a 50-day moving average price of $1.95 and a 200 day moving average price of $2.05. The stock has a market capitalization of $22.13 billion, a P/E ratio of 6.93 and a beta of 1.04. Banco Bradesco has a 12-month low of $1.71 and a 12-month high of $2.67. The company has a current ratio of 1.01, a quick ratio of 0.72 and a debt-to-equity ratio of 2.48.

Banco Bradesco Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 7th. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.0361 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $0.43 annualized dividend and a dividend yield of 20.86%. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s dividend payout ratio (DPR) is presently 96.67%.

Banco Bradesco Company Profile

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services.