Banco Bradesco S.A. (NYSE:BBDO) Short Interest Down 54.4% in February

Banco Bradesco S.A. (NYSE:BBDO) was the recipient of a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 115,900 shares, a drop of 54.4% from the January 31st total of 254,400 shares. Based on an average trading volume of 61,800 shares, the short-interest ratio is presently 1.9 days.

Banco Bradesco Stock Down 4.7 %

BBDO traded down $0.09 during trading on Friday, hitting $1.84. 197,337 shares of the company’s stock were exchanged, compared to its average volume of 57,562. Banco Bradesco has a fifty-two week low of $1.71 and a fifty-two week high of $2.67. The stock has a market cap of $19.58 billion, a P/E ratio of 6.13 and a beta of 1.09. The business’s 50 day moving average is $1.88 and its two-hundred day moving average is $2.13. The company has a quick ratio of 0.72, a current ratio of 1.01 and a debt-to-equity ratio of 2.48.

Banco Bradesco Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 7th will be given a $0.003 dividend. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date is Friday, March 7th. This represents a $0.04 annualized dividend and a yield of 1.94%. Banco Bradesco’s dividend payout ratio (DPR) is presently 6.67%.

Hedge Funds Weigh In On Banco Bradesco

A number of hedge funds have recently added to or reduced their stakes in the stock. Northern Trust Corp lifted its holdings 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. HUB Investment Partners LLC purchased a new stake in Banco Bradesco in the 4th quarter valued at $25,000. Finally, O Shaughnessy Asset Management LLC lifted its stake 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 acquiring an additional 33,126 shares in the last quarter.

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.