Banco Bradesco SA (NYSE:BBD) Short Interest Update

Banco Bradesco SA (NYSE:BBD) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 19,345,899 shares, a growth of 129.8% from the April 15th total of 8,418,523 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 30,546,829 shares, the short-interest ratio is presently 0.6 days.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Itau BBA Securities reiterated an “outperform” rating on shares of Banco Bradesco in a research note on Friday, February 27th. Weiss Ratings upgraded Banco Bradesco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 13th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Banco Bradesco Stock Down 2.7%

Shares of BBD stock traded down $0.10 during trading hours on Friday, reaching $3.48. The company had a trading volume of 33,638,510 shares, compared to its average volume of 30,176,076. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.16 and a current ratio of 1.16. Banco Bradesco has a twelve month low of $2.66 and a twelve month high of $4.30. The company has a market capitalization of $36.82 billion, a P/E ratio of 8.91, a price-to-earnings-growth ratio of 0.43 and a beta of 0.56. The stock’s fifty day simple moving average is $3.77 and its 200 day simple moving average is $3.70.

Banco Bradesco (NYSE:BBD) last posted its earnings results on Tuesday, March 31st. The bank reported $0.09 earnings per share (EPS) for the quarter. Banco Bradesco had a return on equity of 14.15% and a net margin of 9.24%.The business had revenue of $1.50 billion during the quarter. As a group, sell-side analysts expect that Banco Bradesco will post 0.5 earnings per share for the current fiscal year.

Banco Bradesco Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 3rd will be paid a dividend of $0.0039 per share. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date is Wednesday, June 3rd. This represents a c) dividend on an annualized basis and a yield of 1.3%. Banco Bradesco’s payout ratio is 7.69%.

Institutional Investors Weigh In On Banco Bradesco

A number of hedge funds have recently bought and sold shares of BBD. EverSource Wealth Advisors LLC grew its stake in Banco Bradesco by 100.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,685 shares of the bank’s stock valued at $27,000 after purchasing an additional 4,353 shares in the last quarter. Brooklyn Investment Group grew its stake in Banco Bradesco by 1,276.5% during the 3rd quarter. Brooklyn Investment Group now owns 10,613 shares of the bank’s stock valued at $36,000 after purchasing an additional 9,842 shares in the last quarter. Checchi Capital Advisers LLC acquired a new stake in Banco Bradesco during the 4th quarter valued at approximately $39,000. Ballentine Partners LLC acquired a new stake in Banco Bradesco during the 4th quarter valued at approximately $41,000. Finally, GAMMA Investing LLC grew its stake in Banco Bradesco by 40.1% during the 4th quarter. GAMMA Investing LLC now owns 12,641 shares of the bank’s stock valued at $42,000 after purchasing an additional 3,619 shares in the last quarter.

Banco Bradesco Company Profile

Banco Bradesco SA is a major Brazilian financial institution headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, the bank has grown into one of Brazil’s largest private-sector banks, offering a full range of financial services to retail, small and medium-sized enterprises, corporate and institutional clients. It operates across the banking value chain, including deposit-taking, lending, payments, trade finance and treasury services, and it participates actively in Brazil’s retail and corporate credit markets.

The company’s product and service mix extends beyond traditional banking to include insurance, pension plans, asset management, leasing and credit card services, delivered through a combination of branches, automated teller machines and digital channels.