Short Interest in Banco Bradesco S.A. (NYSE:BBDO) Decreases By 54.4%

Banco Bradesco S.A. (NYSE:BBDO) saw a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 115,900 shares, a decline of 54.4% from the January 31st total of 254,400 shares. Based on an average daily volume of 61,800 shares, the short-interest ratio is presently 1.9 days.

Banco Bradesco Price Performance

Shares of NYSE BBDO traded up $0.01 during midday trading on Monday, reaching $1.89. The company’s stock had a trading volume of 34,971 shares, compared to its average volume of 33,866. The company has a market cap of $20.06 billion, a price-to-earnings ratio of 6.28 and a beta of 1.09. Banco Bradesco has a one year low of $1.71 and a one year 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. The company has a 50 day moving average price of $1.88 and a 200 day moving average price of $2.13.

Banco Bradesco Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 7th will be issued a $0.003 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.90%. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date of this dividend is Friday, March 7th. Banco Bradesco’s dividend payout ratio (DPR) is presently 6.67%.

Institutional Investors Weigh In On Banco Bradesco

Hedge funds have recently made changes to their positions in the company. Northern Trust Corp lifted its holdings in shares of Banco Bradesco by 8.9% during the 4th quarter. Northern Trust Corp now owns 117,991 shares of the bank’s stock valued at $211,000 after buying an additional 9,627 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in Banco Bradesco by 402.8% during 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 last quarter. Finally, HUB Investment Partners LLC bought a new position in Banco Bradesco during the fourth quarter valued at about $25,000.

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.