Banco Bradesco SA (NYSE:BBDO) Short Interest Update

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 in 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. Based on an average daily trading volume, of 35,600 shares, the short-interest ratio is currently 0.5 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 35,600 shares, the short-interest ratio is currently 0.5 days.

Banco Bradesco Price Performance

NYSE:BBDO traded up $0.06 during trading hours on Monday, hitting $2.83. 12,378 shares of the stock were exchanged, compared to its average volume of 28,727. Banco Bradesco has a 52-week low of $1.71 and a 52-week high of $2.88. The firm's fifty day moving average price is $2.58 and its 200 day moving average price is $2.37. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.63. The company has a market cap of $30.06 billion, a P/E ratio of 8.07 and a beta of 0.84.

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

Banco Bradesco Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Wednesday, September 3rd will be given a $0.0032 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. This is a boost from Banco Bradesco's previous monthly dividend of $0.00. The ex-dividend date is Wednesday, September 3rd. Banco Bradesco's dividend payout ratio (DPR) is currently 5.71%.

Institutional Investors Weigh In On Banco Bradesco

A number of large investors have recently made changes to their positions in BBDO. Northern Trust Corp grew its position in shares of Banco Bradesco by 8.9% in the fourth quarter. Northern Trust Corp now owns 117,991 shares of the bank's stock valued at $211,000 after purchasing an additional 9,627 shares in the last quarter. D Orazio & Associates Inc. acquired a new position in Banco Bradesco in the first quarter valued at approximately $26,000. BSW Wealth Partners lifted its holdings in Banco Bradesco by 29.7% in 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 last quarter. Kathmere Capital Management LLC acquired a new position in Banco Bradesco during the first quarter worth $98,000. Finally, Aprio Wealth Management LLC acquired a new position in Banco Bradesco during the first quarter worth $43,000.

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.