Short Interest in Banco Bradesco SA (NYSE:BBDO) Decreases By 88.8%

Banco Bradesco SA (NYSE:BBDO) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 1,431 shares, a drop of 88.8% from the June 15th total of 12,809 shares. Based on an average daily trading volume, of 76,473 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Intergy Private Wealth LLC purchased a new position in shares of Banco Bradesco during the 4th quarter valued at $30,000. Cetera Investment Advisers bought a new position in shares of Banco Bradesco in the fourth quarter worth $32,000. Renaissance Technologies LLC purchased a new stake in shares of Banco Bradesco in the fourth quarter worth $34,000. Tocqueville Asset Management L.P. purchased a new stake in shares of Banco Bradesco in the fourth quarter worth $37,000. Finally, SmartHarvest Portfolios LLC bought a new stake in Banco Bradesco during the fourth quarter valued at $39,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Banco Bradesco from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Banco Bradesco Stock Performance

Shares of BBDO traded up $0.14 during trading hours on Friday, hitting $3.18. The company’s stock had a trading volume of 76,062 shares, compared to its average volume of 74,121. The company has a market cap of $33.71 billion, a price-to-earnings ratio of 8.16 and a beta of 0.56. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.16 and a quick ratio of 1.16. The business has a 50 day simple moving average of $3.08 and a two-hundred day simple moving average of $3.26. Banco Bradesco has a 52-week low of $2.37 and a 52-week high of $3.80.

Banco Bradesco (NYSE:BBDO) last announced its quarterly earnings results on Wednesday, May 6th. The bank reported $0.12 EPS for the quarter. Banco Bradesco had a net margin of 8.95% and a return on equity of 14.15%. The company had revenue of $13.07 billion for the quarter.

Banco Bradesco Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, February 8th. Stockholders of record on Tuesday, July 7th will be given a $0.0609 dividend. The ex-dividend date is Tuesday, July 7th. This represents a dividend yield of 408.0%. Banco Bradesco’s payout ratio is 20.51%.

Banco Bradesco Company Profile

Banco Bradesco SA is a major Brazilian commercial bank and financial services company headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, Bradesco has grown into one of Brazil’s largest private-sector banks, serving individual, small-business and corporate clients through an extensive network of branches, correspondents and digital channels.

The bank’s operations span retail and commercial banking products including deposit accounts, payment services, lending (personal, mortgage and corporate), credit cards and cash management.