Banco Bradesco SA (NYSE:BBDO) Short Interest Update

Banco Bradesco SA (NYSE:BBDO) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 142,158 shares, a growth of 31.6% from the November 30th total of 108,043 shares. Based on an average trading volume of 57,681 shares, the short-interest ratio is presently 2.5 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 57,681 shares, the short-interest ratio is presently 2.5 days.

Analyst Upgrades and Downgrades

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

Banco Bradesco Stock Down 1.4%

Shares of BBDO traded down $0.04 on Wednesday, reaching $2.87. The company’s stock had a trading volume of 11,117 shares, compared to its average volume of 46,265. Banco Bradesco has a twelve month low of $1.74 and a twelve month high of $3.31. The stock has a market capitalization of $30.53 billion, a PE ratio of 8.20 and a beta of 0.62. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.64. The firm has a fifty day moving average of $3.03 and a 200-day moving average of $2.80.

Banco Bradesco Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, February 9th. Investors of record on Tuesday, January 6th will be given a dividend of $0.0031 per share. The ex-dividend date of this dividend is Tuesday, January 6th. This represents a c) annualized dividend and a dividend yield of 1.3%. Banco Bradesco’s payout ratio is presently 5.71%.

Institutional Investors Weigh In On Banco Bradesco

Institutional investors and hedge funds have recently bought and sold shares of the stock. Franklin Resources Inc. lifted its stake in Banco Bradesco by 659,843.0% during the 3rd quarter. Franklin Resources Inc. now owns 47,377,311 shares of the bank’s stock valued at $138,816,000 after acquiring an additional 47,370,132 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Banco Bradesco by 54.2% in the first quarter. Goldman Sachs Group Inc. now owns 516,081 shares of the bank’s stock valued at $1,073,000 after purchasing an additional 181,299 shares during the last quarter. Caprock Group LLC bought a new position in shares of Banco Bradesco during the third quarter valued at about $410,000. Kathmere Capital Management LLC lifted its position in shares of Banco Bradesco by 121.7% during the second quarter. Kathmere Capital Management LLC now owns 104,656 shares of the bank’s stock valued at $286,000 after purchasing an additional 57,451 shares in the last quarter. Finally, D Orazio & Associates Inc. boosted its holdings in Banco Bradesco by 37.3% during the third quarter. D Orazio & Associates Inc. now owns 91,428 shares of the bank’s stock worth $268,000 after purchasing an additional 24,822 shares during the last quarter.

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.