Short Interest in Banco Bradesco S.A. (NYSE:BBDO) Grows By 64.4%

Banco Bradesco S.A. (NYSE:BBDO) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 190,500 shares, a growth of 64.4% from the February 13th total of 115,900 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 66,000 shares, the days-to-cover ratio is presently 2.9 days.

Institutional Trading of Banco Bradesco

Several large investors have recently modified their holdings of BBDO. Northern Trust Corp boosted its holdings in Banco Bradesco by 8.9% during the 4th quarter. Northern Trust Corp now owns 117,991 shares of the bank’s stock worth $211,000 after acquiring an additional 9,627 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Banco Bradesco by 402.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 41,349 shares of the bank’s stock worth $74,000 after purchasing an additional 33,126 shares during the period. Finally, HUB Investment Partners LLC bought a new stake in shares of Banco Bradesco during the 4th quarter worth $25,000.

Banco Bradesco Trading Up 3.4 %

NYSE BBDO traded up $0.07 during trading hours on Friday, reaching $1.97. The company’s stock had a trading volume of 40,075 shares, compared to its average volume of 36,153. The firm has a fifty day simple moving average of $1.90 and a 200-day simple moving average of $2.08. The stock has a market cap of $20.91 billion, a P/E ratio of 6.55 and a beta of 1.04. Banco Bradesco has a 52 week low of $1.71 and a 52 week 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.

Banco Bradesco Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 7th will be issued a dividend of $0.003 per share. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.04 annualized dividend and a yield of 1.82%. Banco Bradesco’s dividend payout ratio (DPR) is presently 6.67%.

Banco Bradesco Company Profile

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.