Banco Bradesco S.A. (NYSE:BBDO) Sees Large Growth in Short Interest

Banco Bradesco S.A. (NYSE:BBDO) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 190,500 shares, a growth of 64.4% from the February 13th total of 115,900 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 66,000 shares, the short-interest ratio is presently 2.9 days.

Banco Bradesco Stock Performance

NYSE:BBDO opened at $1.97 on Monday. Banco Bradesco has a 1-year low of $1.71 and a 1-year high of $2.67. The firm has a market capitalization of $20.91 billion, a price-to-earnings ratio of 6.55 and a beta of 1.04. The company’s 50-day moving average is $1.90 and its two-hundred day moving average is $2.08. 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 business 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 $0.003 dividend. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.00. This represents a $0.04 annualized dividend and a yield of 1.82%. The ex-dividend date is Friday, March 7th. Banco Bradesco’s payout ratio is 6.67%.

Hedge Funds Weigh In On Banco Bradesco

Large investors have recently made changes to their positions in the stock. HUB Investment Partners LLC purchased a new position in Banco Bradesco during the 4th quarter valued at about $25,000. O Shaughnessy Asset Management LLC lifted its position in shares of Banco Bradesco by 402.8% during the 4th 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 last quarter. Finally, Northern Trust Corp lifted its holdings in Banco Bradesco by 8.9% during the 4th quarter. Northern Trust Corp now owns 117,991 shares of the bank’s stock worth $211,000 after buying an additional 9,627 shares during the last quarter.

About Banco Bradesco

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.