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

Banco Bradesco S.A. (NYSE:BBDO) was the target of a significant 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 trading volume of 61,800 shares, the short-interest ratio is presently 1.9 days.

Banco Bradesco Trading Down 4.7 %

Shares of Banco Bradesco stock traded down $0.09 during trading on Friday, hitting $1.84. The stock had a trading volume of 197,337 shares, compared to its average volume of 57,562. Banco Bradesco has a 12 month low of $1.71 and a 12 month high of $2.67. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.01 and a quick ratio of 0.72. The firm’s fifty day simple moving average is $1.88 and its 200-day simple moving average is $2.13. The stock has a market cap of $19.58 billion, a PE ratio of 6.13 and a beta of 1.09.

Banco Bradesco Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 7th will be issued a dividend of $0.003 per share. The ex-dividend date is Friday, March 7th. This represents a $0.04 dividend on an annualized basis and a yield of 1.94%. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s payout ratio is presently 6.67%.

Hedge Funds Weigh In On Banco Bradesco

Hedge funds have recently bought and sold shares of the business. Northern Trust Corp boosted its stake in shares of Banco Bradesco by 8.9% during the fourth quarter. Northern Trust Corp now owns 117,991 shares of the bank’s stock valued at $211,000 after purchasing an additional 9,627 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in Banco Bradesco by 402.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 41,349 shares of the bank’s stock valued at $74,000 after buying an additional 33,126 shares in the last quarter. Finally, HUB Investment Partners LLC purchased a new stake in Banco Bradesco in the 4th quarter valued at about $25,000.

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.