Short Interest in BANCO DO BRASIL/S (OTCMKTS:BDORY) Rises By 47.8%

BANCO DO BRASIL/S (OTCMKTS:BDORY) was the recipient of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 638,400 shares, an increase of 47.8% from the January 31st total of 431,900 shares. Based on an average daily volume of 2,439,400 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analyst Weigh In

A number of research analysts recently commented on BDORY shares. Citigroup cut BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 5th. The Goldman Sachs Group lowered shares of BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 5th.

BANCO DO BRASIL/S Stock Up 0.1 %

Shares of BDORY opened at $4.75 on Tuesday. The company has a market capitalization of $27.22 billion, a P/E ratio of 4.13, a price-to-earnings-growth ratio of 1.65 and a beta of 1.03. The firm has a 50 day moving average of $4.53 and a 200 day moving average of $4.64. BANCO DO BRASIL/S has a twelve month low of $3.72 and a twelve month high of $5.95.

BANCO DO BRASIL/S (OTCMKTS:BDORY) last posted its earnings results on Thursday, February 20th. The financial services provider reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $14.73 billion during the quarter. BANCO DO BRASIL/S had a net margin of 12.30% and a return on equity of 19.30%. On average, sell-side analysts expect that BANCO DO BRASIL/S will post 1.08 EPS for the current year.

BANCO DO BRASIL/S Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 13th will be paid a $0.0408 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This is a boost from BANCO DO BRASIL/S’s previous dividend of $0.02. BANCO DO BRASIL/S’s payout ratio is presently 6.09%.

BANCO DO BRASIL/S Company Profile

Banco do Brasil SA provides banking products and services for individuals, companies, and public sectors in Brazil and internationally. The company's Banking segment offers various products and services, including deposits, loans, and services to retail, wholesale, and public sector markets, as well as to micro-entrepreneurs and the low income population.