Banco Bradesco S.A. (NYSE:BBDO) Sees Significant Decrease in Short Interest

Banco Bradesco S.A. (NYSE:BBDO - Get Free Report) was the target of a significant decrease in short interest in May. As of May 15th, there was short interest totalling 81,600 shares, a decrease of 32.6% from the April 30th total of 121,100 shares. Currently, 0.0% of the company's stock are sold short. Based on an average daily volume of 72,600 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. HUB Investment Partners LLC acquired a new stake in shares of Banco Bradesco during the 4th quarter valued at about $25,000. D Orazio & Associates Inc. bought a new stake in Banco Bradesco during the 1st quarter worth about $26,000. Aprio Wealth Management LLC acquired a new stake in shares of Banco Bradesco in the first quarter valued at approximately $43,000. BSW Wealth Partners lifted its stake in shares of Banco Bradesco by 29.7% during the first quarter. BSW Wealth Partners now owns 30,709 shares of the bank's stock valued at $64,000 after acquiring an additional 7,027 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its position in Banco Bradesco by 402.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 41,349 shares of the bank's stock valued at $74,000 after purchasing an additional 33,126 shares during the period.

Banco Bradesco Stock Up 1.5%

NYSE BBDO traded up $0.04 on Tuesday, reaching $2.63. The stock had a trading volume of 100,093 shares, compared to its average volume of 47,122. The business has a 50 day moving average price of $2.20 and a 200 day moving average price of $2.02. Banco Bradesco has a 1 year low of $1.71 and a 1 year high of $2.65. The company has a market capitalization of $27.99 billion, a price-to-earnings ratio of 8.77 and a beta of 0.76. 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 (NYSE:BBDO - Get Free Report) last posted its earnings results on Wednesday, May 7th. The bank reported $0.09 earnings per share for the quarter. Banco Bradesco had a return on equity of 11.43% and a net margin of 8.46%.

Banco Bradesco Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Thursday, June 5th will be given a $0.0019 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a dividend yield of 0.91%. Banco Bradesco's dividend payout ratio is 6.25%.

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.