Short Interest in Banco Bradesco SA (NYSE:BBDO) Grows By 23.3%

Banco Bradesco SA (NYSE:BBDO) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 214,224 shares, an increase of 23.3% from the March 31st total of 173,716 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 63,884 shares, the short-interest ratio is presently 3.4 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Banco Bradesco in a report on Friday, March 27th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Banco Bradesco currently has a consensus rating of “Buy”.

Institutional Trading of Banco Bradesco

A number of large investors have recently bought and sold shares of BBDO. Intergy Private Wealth LLC acquired a new stake in shares of Banco Bradesco during the fourth quarter worth $30,000. Cetera Investment Advisers bought a new stake in Banco Bradesco during the fourth quarter worth about $32,000. Renaissance Technologies LLC acquired a new stake in shares of Banco Bradesco in the 4th quarter valued at approximately $34,000. Compound Planning Inc. acquired a new stake in Banco Bradesco in the third quarter valued at $35,000. Finally, Tocqueville Asset Management L.P. acquired a new stake in Banco Bradesco in the 4th quarter valued at about $37,000.

Banco Bradesco Trading Up 1.2%

NYSE:BBDO traded up $0.04 during trading hours on Friday, hitting $3.49. The stock had a trading volume of 17,132 shares, compared to its average volume of 52,740. The company has a market cap of $36.98 billion, a price-to-earnings ratio of 8.95 and a beta of 0.59. Banco Bradesco has a one year low of $2.10 and a one year high of $3.80. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. The business’s 50 day moving average is $3.43 and its 200-day moving average is $3.23.

Banco Bradesco (NYSE:BBDO) last posted its earnings results on Friday, February 6th. The bank reported $0.11 earnings per share for the quarter. Banco Bradesco had a return on equity of 13.78% and a net margin of 9.85%.The firm 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 Monday, June 8th. Stockholders of record on Wednesday, May 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 Wednesday, May 6th. This represents a c) annualized dividend and a dividend yield of 1.2%. Banco Bradesco’s dividend payout ratio (DPR) is presently 100.00%.

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.