Banco Bradesco S.A. (NYSE:BBDO) Short Interest Update

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

Banco Bradesco Price Performance

Shares of NYSE BBDO traded down $0.03 during trading on Wednesday, hitting $2.04. The company had a trading volume of 85,313 shares, compared to its average volume of 61,050. Banco Bradesco has a 52 week low of $1.71 and a 52 week high of $2.67. The business's 50-day moving average is $1.96 and its 200 day moving average is $2.04. The company has a market cap of $21.71 billion, a P/E ratio of 6.80 and a beta of 1.04. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.72 and a current ratio of 1.01.

Banco Bradesco Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 7th. Investors of record on Wednesday, April 2nd will be given a $0.0361 dividend. This is a positive change from Banco Bradesco's previous monthly dividend of $0.00. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $0.43 dividend on an annualized basis and a dividend yield of 21.26%. Banco Bradesco's dividend payout ratio (DPR) is 96.67%.

Institutional Trading of Banco Bradesco

Several institutional investors and hedge funds have recently bought and sold shares of BBDO. O Shaughnessy Asset Management LLC boosted 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 worth $74,000 after buying an additional 33,126 shares during the period. HUB Investment Partners LLC purchased a new stake in shares of Banco Bradesco in the 4th quarter valued at approximately $25,000. Finally, Northern Trust Corp boosted its stake in Banco Bradesco by 8.9% in the 4th 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 period.

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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.