Banco Bradesco SA (NYSE:BBDO) Short Interest Up 119.5% in July

Banco Bradesco SA (NYSE:BBDO) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 3,141 shares, a growth of 119.5% from the June 30th total of 1,431 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 74,861 shares, the short-interest ratio is currently 0.0 days.

Banco Bradesco Stock Performance

BBDO traded down $0.07 during trading on Wednesday, hitting $3.22. The stock had a trading volume of 56,130 shares, compared to its average volume of 86,860. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market capitalization of $34.10 billion, a P/E ratio of 7.83 and a beta of 0.56. The company’s 50-day moving average price is $3.06 and its 200 day moving average price is $3.28. Banco Bradesco has a twelve month low of $2.37 and a twelve month high of $3.80.

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

Banco Bradesco Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 5th will be issued a dividend of $0.0034 per share. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, August 5th. Banco Bradesco’s dividend payout ratio is currently 20.51%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Banco Bradesco from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Banco Bradesco has a consensus rating of “Buy”.

Institutional Investors Weigh In On Banco Bradesco

A number of hedge funds have recently added to or reduced their stakes in the company. Intergy Private Wealth LLC acquired a new position in Banco Bradesco during the 4th quarter worth approximately $30,000. Cetera Investment Advisers purchased a new position in shares of Banco Bradesco during the 4th quarter worth approximately $32,000. Renaissance Technologies LLC acquired a new stake in shares of Banco Bradesco in the 4th quarter valued at approximately $34,000. Tocqueville Asset Management L.P. acquired a new stake in shares of Banco Bradesco in the 4th quarter valued at approximately $37,000. Finally, SmartHarvest Portfolios LLC purchased a new stake in shares of Banco Bradesco in the fourth quarter valued at approximately $39,000.

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.