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

Banco Bradesco S.A. (NYSE:BBDO - Get Free Report) saw a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 115,900 shares, a drop of 54.4% from the January 31st total of 254,400 shares. Based on an average daily volume of 61,800 shares, the short-interest ratio is presently 1.9 days.

Institutional Investors Weigh In On Banco Bradesco

A number of large investors have recently bought and sold shares of BBDO. Northern Trust Corp raised 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 valued at $211,000 after purchasing an additional 9,627 shares during the last quarter. O Shaughnessy Asset Management LLC grew its stake 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 worth $74,000 after purchasing an additional 33,126 shares during the period. Finally, HUB Investment Partners LLC acquired a new position in Banco Bradesco in the fourth quarter valued at approximately $25,000.

Banco Bradesco Stock Performance

Shares of Banco Bradesco stock traded down $0.03 during trading on Wednesday, hitting $1.91. 290,912 shares of the stock were exchanged, compared to its average volume of 35,002. Banco Bradesco has a 1-year low of $1.71 and a 1-year high of $2.67. The stock has a market capitalization of $20.33 billion, a price-to-earnings ratio of 6.37 and a beta of 1.04. The company has a fifty day moving average price of $1.88 and a 200-day moving average price of $2.12. The company has a current ratio of 1.01, a quick ratio of 0.72 and a debt-to-equity ratio of 2.48.

Banco Bradesco Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 7th will be given a dividend of $0.003 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Friday, March 7th. This is a positive change from Banco Bradesco's previous monthly dividend of $0.00. Banco Bradesco's dividend payout ratio 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.