Short Interest in BANCO DO BRASIL/S (OTCMKTS:BDORY) Declines By 47.9%

BANCO DO BRASIL/S (OTCMKTS:BDORY) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 108,100 shares, a decline of 47.9% from the February 28th total of 207,400 shares. Based on an average daily volume of 317,500 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Citigroup cut BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 5th. The Goldman Sachs Group cut shares of BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 5th.

BANCO DO BRASIL/S Stock Performance

Shares of BANCO DO BRASIL/S stock opened at $5.01 on Friday. BANCO DO BRASIL/S has a 52 week low of $3.72 and a 52 week high of $5.82. The stock has a 50 day moving average price of $4.87 and a two-hundred day moving average price of $4.61. The stock has a market capitalization of $28.69 billion, a PE ratio of 4.35, a price-to-earnings-growth ratio of 1.65 and a beta of 1.05.

BANCO DO BRASIL/S (OTCMKTS:BDORY) last announced its quarterly earnings results on Thursday, February 20th. The financial services provider reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $14.73 billion during the quarter. BANCO DO BRASIL/S had a net margin of 12.30% and a return on equity of 19.30%. Research analysts forecast that BANCO DO BRASIL/S will post 1.08 EPS for the current year.

BANCO DO BRASIL/S Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.0408 per share. This is a positive change from BANCO DO BRASIL/S’s previous dividend of $0.02. The ex-dividend date of this dividend is Thursday, March 13th. BANCO DO BRASIL/S’s payout ratio is currently 6.09%.

BANCO DO BRASIL/S Company Profile

Banco do Brasil SA provides banking products and services for individuals, companies, and public sectors in Brazil and internationally. The company's Banking segment offers various products and services, including deposits, loans, and services to retail, wholesale, and public sector markets, as well as to micro-entrepreneurs and the low income population.