Banco Bradesco S.A. (NYSE:BBDO - Get Free Report) saw a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 190,500 shares, an increase of 64.4% from the February 13th total of 115,900 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 66,000 shares, the days-to-cover ratio is currently 2.9 days.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. HUB Investment Partners LLC acquired a new position in Banco Bradesco during the fourth quarter valued at approximately $25,000. O Shaughnessy Asset Management LLC grew its holdings in Banco Bradesco by 402.8% during 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 during the period. Finally, Northern Trust Corp grew its holdings in Banco Bradesco by 8.9% during the fourth quarter. Northern Trust Corp now owns 117,991 shares of the bank's stock valued at $211,000 after purchasing an additional 9,627 shares during the period.
Banco Bradesco Trading Up 2.0 %
Shares of NYSE:BBDO traded up $0.04 during trading on Wednesday, hitting $2.01. 33,458 shares of the company's stock were exchanged, compared to its average volume of 59,801. Banco Bradesco has a 1-year low of $1.71 and a 1-year high of $2.67. The firm has a 50-day moving average price of $1.91 and a two-hundred day moving average price of $2.08. The company has a current ratio of 1.01, a quick ratio of 0.72 and a debt-to-equity ratio of 2.48. The firm has a market cap of $21.39 billion, a P/E ratio of 6.70 and a beta of 1.04.
Banco Bradesco Increases Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 7th will be issued a dividend of $0.003 per share. The ex-dividend date is Friday, March 7th. This represents a $0.04 dividend on an annualized basis and a yield of 1.78%. This is a boost from Banco Bradesco's previous monthly dividend of $0.00. Banco Bradesco's payout ratio is currently 6.67%.
About Banco Bradesco
(
Get Free Report)
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.
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