Banco Bradesco SA (NYSE:BBDO) Short Interest Down 27.2% in February

Banco Bradesco SA (NYSE:BBDO) was the recipient of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 77,594 shares, a drop of 27.2% from the January 29th total of 106,569 shares. Based on an average trading volume of 89,620 shares, the days-to-cover ratio is presently 0.9 days. Based on an average trading volume of 89,620 shares, the days-to-cover ratio is presently 0.9 days.

Hedge Funds Weigh In On Banco Bradesco

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

Banco Bradesco Trading Down 3.5%

Shares of BBDO stock traded down $0.13 during trading hours on Monday, hitting $3.61. The company had a trading volume of 56,323 shares, compared to its average volume of 70,044. The company has a current ratio of 1.45, a quick ratio of 1.12 and a debt-to-equity ratio of 2.68. The firm’s fifty day moving average is $3.33 and its 200 day moving average is $3.04. Banco Bradesco has a 12 month low of $1.81 and a 12 month high of $3.77.

Banco Bradesco (NYSE:BBDO) last announced its earnings results on Friday, February 6th. The bank reported $0.11 EPS for the quarter. The business had revenue of $12.03 billion for the quarter. Banco Bradesco had a return on equity of 13.78% and a net margin of 9.85%.

Banco Bradesco Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 4th will be paid a $0.0033 dividend. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. Banco Bradesco’s dividend payout ratio (DPR) is currently 5.13%.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Banco Bradesco in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Banco Bradesco has a consensus rating of “Buy”.

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.