Banco Bradesco SA (NYSE:BBDO) Sees Significant Increase in Short Interest

Banco Bradesco SA (NYSE:BBDO - Get Free Report) saw a large increase in short interest in May. As of May 31st, there was short interest totalling 123,800 shares, an increase of 51.7% from the May 15th total of 81,600 shares. Based on an average daily volume of 70,400 shares, the short-interest ratio is currently 1.8 days. Approximately 0.0% of the company's shares are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BBDO. Northern Trust Corp increased its position in Banco Bradesco by 8.9% during the 4th quarter. Northern Trust Corp now owns 117,991 shares of the bank's stock worth $211,000 after purchasing an additional 9,627 shares in the last quarter. O Shaughnessy Asset Management LLC increased 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 worth $74,000 after purchasing an additional 33,126 shares in the last quarter. D Orazio & Associates Inc. acquired a new stake in Banco Bradesco during the 1st quarter worth approximately $26,000. HUB Investment Partners LLC acquired a new stake in Banco Bradesco during the 4th quarter worth approximately $25,000. Finally, Goldman Sachs Group Inc. increased its position in Banco Bradesco by 54.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 516,081 shares of the bank's stock worth $1,073,000 after purchasing an additional 181,299 shares in the last quarter.

Banco Bradesco Trading Down 0.8%

Shares of NYSE BBDO traded down $0.02 on Thursday, reaching $2.69. 16,318 shares of the company traded hands, compared to its average volume of 48,091. Banco Bradesco has a fifty-two week low of $1.71 and a fifty-two week high of $2.73. The company has a 50 day moving average of $2.35 and a 200 day moving average of $2.06. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $28.61 billion, a PE ratio of 8.40 and a beta of 0.79.

Banco Bradesco (NYSE:BBDO - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The bank reported $0.09 EPS for the quarter. Banco Bradesco had a net margin of 9.08% and a return on equity of 12.33%.

Banco Bradesco Cuts Dividend

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

About Banco Bradesco

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.