Banco Bradesco SA (NYSE:BBDO) Short Interest Down 56.5% in April


Banco Bradesco SA (NYSE:BBDO – Get Rating) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 11,800 shares, a decrease of 56.5% from the March 31st total of 27,100 shares. Based on an average daily volume of 31,000 shares, the short-interest ratio is currently 0.4 days.

Institutional investors have recently added to or reduced their stakes in the business. Freestone Capital Holdings LLC bought a new stake in Banco Bradesco in the fourth quarter worth $38,000. Checchi Capital Advisers LLC lifted its holdings in shares of Banco Bradesco by 27.6% during the third quarter. Checchi Capital Advisers LLC now owns 18,215 shares of the bank’s stock valued at $61,000 after purchasing an additional 3,938 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of Banco Bradesco during the third quarter valued at $185,000. Northern Trust Corp lifted its holdings in shares of Banco Bradesco by 9.4% during the fourth quarter. Northern Trust Corp now owns 120,772 shares of the bank’s stock valued at $350,000 after purchasing an additional 10,355 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Banco Bradesco by 7.2% during the first quarter. Morgan Stanley now owns 107,621 shares of the bank’s stock valued at $440,000 after purchasing an additional 7,244 shares in the last quarter.

Banco Bradesco stock traded down $0.06 during mid-day trading on Friday, hitting $3.03. The company had a trading volume of 26,108 shares, compared to its average volume of 17,666. The company has a current ratio of 0.64, a quick ratio of 1.46 and a debt-to-equity ratio of 1.34. The stock’s 50 day moving average price is $3.23 and its two-hundred day moving average price is $3.01. Banco Bradesco has a 12 month low of $2.54 and a 12 month high of $4.42. The company has a market capitalization of $32.39 billion, a PE ratio of 8.13 and a beta of 1.13.

Banco Bradesco (NYSE:BBDO – Get Rating) last released its earnings results on Tuesday, February 8th. The bank reported $0.11 EPS for the quarter. Banco Bradesco had a return on equity of 17.67% and a net margin of 21.20%. The business had revenue of $6.21 billion for the quarter.

The business also recently announced a — dividend, which will be paid on Wednesday, June 8th. Shareholders of record on Wednesday, May 4th will be issued a $0.0036 dividend. This represents a yield of 3.6%. This is an increase from Banco Bradesco’s previous — dividend of $0.00. The ex-dividend date of this dividend is Tuesday, May 3rd. Banco Bradesco’s payout ratio is 8.05%.

About Banco Bradesco (Get Rating)

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 segment, 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; debit and business cards; financial and security services; consortium products; auto, personal accident, dental, travel, and life insurance; investment products; pension products; real estate and vehicle auctions; cash management, and foreign trade and exchange services; capitalization bonds; and internet banking services.

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