Banco Bradesco SA (NYSE:BBDO) Short Interest Update

Banco Bradesco SA (NYSE:BBDO) was the recipient of a large drop in short interest in May. As of May 29th, there was short interest totaling 138,764 shares, a drop of 36.5% from the May 14th total of 218,599 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 87,913 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Trading of Banco Bradesco

Hedge funds have recently made changes to their positions in the company. Intergy Private Wealth LLC purchased a new stake in shares of Banco Bradesco during the 4th quarter valued at approximately $30,000. Cetera Investment Advisers acquired a new stake in Banco Bradesco during the fourth quarter worth $32,000. Renaissance Technologies LLC purchased a new stake in Banco Bradesco in the fourth quarter valued at $34,000. Compound Planning Inc. acquired a new position in shares of Banco Bradesco in the 3rd quarter valued at $35,000. Finally, Tocqueville Asset Management L.P. acquired a new position in shares of Banco Bradesco in the 4th quarter valued at $37,000.

Banco Bradesco Price Performance

Shares of Banco Bradesco stock traded up $0.01 during trading hours on Wednesday, reaching $3.01. 178,669 shares of the company’s stock were exchanged, compared to its average volume of 74,210. The business has a fifty day moving average of $3.29 and a two-hundred day moving average of $3.26. The company has a market capitalization of $31.90 billion, a P/E ratio of 7.74 and a beta of 0.55. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.17. Banco Bradesco has a 1 year low of $2.37 and a 1 year high of $3.80.

Banco Bradesco (NYSE:BBDO) last posted its quarterly earnings results on Wednesday, May 6th. The bank reported $0.12 EPS for the quarter. The firm had revenue of $13.07 billion during the quarter. Banco Bradesco had a return on equity of 14.15% and a net margin of 8.95%.

Banco Bradesco Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, July 6th will be paid a dividend of $0.0034 per share. The ex-dividend date of this dividend is Monday, July 6th. This represents a c) dividend on an annualized basis and a yield of 1.4%. Banco Bradesco’s payout ratio is 5.13%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Banco Bradesco from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Banco Bradesco presently has an average rating of “Buy”.

Banco Bradesco Company Profile

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.