Banco Bradesco SA (NYSE:BBDO) Short Interest Down 18.0% in March

Banco Bradesco SA (NYSE:BBDO) was the target of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 144,188 shares, a decrease of 18.0% from the February 26th total of 175,844 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 125,364 shares, the short-interest ratio is presently 1.2 days.

Institutional Investors Weigh In On Banco Bradesco

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its position in 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 period. Envestnet Asset Management Inc. purchased a new position in shares of Banco Bradesco during the 3rd quarter worth $72,000. Caprock Group LLC purchased a new position in shares of Banco Bradesco during the 3rd quarter worth $410,000. D Orazio & Associates Inc. increased its position in shares of Banco Bradesco by 37.3% during the 3rd 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. Finally, Compound Planning Inc. purchased a new stake in Banco Bradesco in the 3rd quarter valued at about $35,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Banco Bradesco in a report on Friday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Banco Bradesco currently has an average rating of “Buy”.

Banco Bradesco Trading Down 2.5%

Shares of BBDO stock traded down $0.08 on Monday, hitting $3.14. 44,266 shares of the stock traded hands, compared to its average volume of 75,079. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. Banco Bradesco has a twelve month low of $1.81 and a twelve month high of $3.77. The firm’s 50-day moving average price is $3.43 and its two-hundred day moving average price is $3.13. The stock has a market capitalization of $33.27 billion, a PE ratio of 8.06 and a beta of 0.58.

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

Banco Bradesco Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, November 9th. Stockholders of record on Wednesday, April 8th will be given a dividend of $0.0518 per share. This represents a c) annualized dividend and a dividend yield of 19.8%. The ex-dividend date of this dividend is Wednesday, April 8th. Banco Bradesco’s payout ratio is presently 5.13%.

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.