Banco Bradesco S.A. (NYSE:BBDO) Short Interest Update

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

Banco Bradesco Stock Down 0.5 %

Shares of BBDO opened at $2.08 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.01 and a debt-to-equity ratio of 2.48. The business has a fifty day moving average of $1.95 and a 200 day moving average of $2.05. The company has a market cap of $22.13 billion, a PE ratio of 6.93 and a beta of 1.04. Banco Bradesco has a 52-week low of $1.71 and a 52-week high of $2.67.

Banco Bradesco Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 7th. Stockholders of record on Wednesday, April 2nd will be issued a $0.0361 dividend. This represents a $0.43 annualized dividend and a dividend yield of 20.86%. The ex-dividend date is Wednesday, April 2nd. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s dividend payout ratio (DPR) is 96.67%.

Hedge Funds Weigh In On Banco Bradesco

Hedge funds have recently added to or reduced their stakes in the company. HUB Investment Partners LLC bought a new stake in Banco Bradesco in the fourth quarter worth about $25,000. O Shaughnessy Asset Management LLC raised 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 worth $74,000 after buying an additional 33,126 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of 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 buying an additional 9,627 shares during the period.

About Banco Bradesco

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.