BANCO DO BRASIL/S (OTCMKTS:BDORY) Short Interest Update

BANCO DO BRASIL/S (OTCMKTS:BDORY) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 108,100 shares, a drop of 47.9% from the February 28th total of 207,400 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 317,500 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Ratings Changes

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

BANCO DO BRASIL/S Price Performance

Shares of BDORY stock traded down $0.01 during trading hours on Friday, hitting $5.01. The stock had a trading volume of 259,703 shares, compared to its average volume of 615,540. The stock has a market capitalization of $28.69 billion, a price-to-earnings ratio of 4.35, a PEG ratio of 1.65 and a beta of 1.05. BANCO DO BRASIL/S has a one year low of $3.72 and a one year high of $5.82. The stock’s 50-day moving average price is $4.87 and its two-hundred day moving average price is $4.61.

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

BANCO DO BRASIL/S Increases Dividend

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

About BANCO DO BRASIL/S

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.