Banco Bradesco S.A. (NYSE:BBDO) Sees Significant Decline in Short Interest

Banco Bradesco S.A. (NYSE:BBDO - Get Free Report) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 139,200 shares, a decline of 26.9% from the February 28th total of 190,500 shares. Based on an average daily trading volume, of 63,700 shares, the short-interest ratio is currently 2.2 days. Approximately 0.0% of the shares of the company are sold short.

Banco Bradesco Stock Performance

Shares of NYSE:BBDO traded up $0.03 during mid-day trading on Thursday, reaching $2.07. 33,091 shares of the company traded hands, compared to its average volume of 37,677. Banco Bradesco has a 52 week low of $1.71 and a 52 week high of $2.67. The firm has a market cap of $22.03 billion, a PE ratio of 6.90 and a beta of 0.71. The company's 50 day moving average price is $1.96 and its 200-day moving average price is $2.04. 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 firm also recently disclosed a monthly dividend, which will be paid on Friday, November 7th. Stockholders of record on Wednesday, April 2nd will be paid a $0.0361 dividend. This is a positive change from Banco Bradesco's previous monthly dividend of $0.00. The ex-dividend date is Wednesday, April 2nd. This represents a $0.43 dividend on an annualized basis and a dividend yield of 20.95%. Banco Bradesco's dividend payout ratio is 96.67%.

Institutional Trading of Banco Bradesco

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. HUB Investment Partners LLC bought a new stake in shares of Banco Bradesco in the fourth quarter worth about $25,000. O Shaughnessy Asset Management LLC grew its holdings in shares of Banco Bradesco by 402.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 41,349 shares of the bank's stock valued at $74,000 after purchasing an additional 33,126 shares in the last quarter. Finally, Northern Trust Corp increased its position in Banco Bradesco by 8.9% in the fourth quarter. Northern Trust Corp now owns 117,991 shares of the bank's stock worth $211,000 after purchasing an additional 9,627 shares during the last quarter.

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.