Banco Bradesco SA (NYSE:BBDO) Short Interest Down 78.4% in August

Key Points

• Short interest in Banco Bradesco SA has decreased by 78.4% as of August 31st, with only 17,900 shares short sold compared to 83,000 shares two weeks prior.
• The company declared a monthly dividend of $0.0032 per share, effective October 8th, representing a yield of 1.4%.
• Several institutional investors, including Goldman Sachs, have significantly increased their stakes in Banco Bradesco, indicating growing confidence in the company's stock.

Banco Bradesco SA (NYSE:BBDO - Get Free Report) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 17,900 shares, a decline of 78.4% from the August 15th total of 83,000 shares. Approximately 0.0% of the company's shares are sold short. Based on an average trading volume of 35,600 shares, the short-interest ratio is presently 0.5 days. Based on an average trading volume of 35,600 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the company's shares are sold short.

Institutional Trading of Banco Bradesco

A number of large investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its position in shares of Banco Bradesco by 54.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 516,081 shares of the bank's stock valued at $1,073,000 after buying an additional 181,299 shares in the last quarter. Northern Trust Corp increased its position in shares of Banco Bradesco by 8.9% in the 4th quarter. Northern Trust Corp now owns 117,991 shares of the bank's stock valued at $211,000 after buying an additional 9,627 shares in the last quarter. Kathmere Capital Management LLC increased its position in shares of Banco Bradesco by 121.7% in the 2nd quarter. Kathmere Capital Management LLC now owns 104,656 shares of the bank's stock valued at $286,000 after buying an additional 57,451 shares in the last quarter. D Orazio & Associates Inc. increased its position in shares of Banco Bradesco by 432.0% in the 2nd quarter. D Orazio & Associates Inc. now owns 66,606 shares of the bank's stock valued at $182,000 after buying an additional 54,085 shares in the last quarter. Finally, BSW Wealth Partners increased its position in shares of Banco Bradesco by 29.7% in the 1st quarter. BSW Wealth Partners now owns 30,709 shares of the bank's stock valued at $64,000 after buying an additional 7,027 shares in the last quarter.

Banco Bradesco Trading Up 2.4%

Shares of Banco Bradesco stock traded up $0.07 on Wednesday, hitting $2.91. 9,458 shares of the company's stock traded hands, compared to its average volume of 53,814. The firm's 50-day moving average price is $2.59 and its two-hundred day moving average price is $2.38. The stock has a market capitalization of $30.96 billion, a PE ratio of 8.30 and a beta of 0.84. Banco Bradesco has a one year low of $1.71 and a one year high of $2.89. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.11 and a quick ratio of 1.11.

Banco Bradesco (NYSE:BBDO - Get Free Report) last issued its earnings results on Wednesday, July 30th. The bank reported $0.10 EPS for the quarter. Banco Bradesco had a net margin of 9.76% and a return on equity of 12.96%.

Banco Bradesco Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, October 8th. Investors of record on Wednesday, September 3rd will be given a $0.0032 dividend. The ex-dividend date is Wednesday, September 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from Banco Bradesco's previous monthly dividend of $0.00. Banco Bradesco's dividend payout ratio is currently 5.71%.

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.