Banco Bradesco SA (NYSE:BBDO) Short interest down 56.5% in April
Banco Bradesco SA (NYSE: BBDO – Get Rating) recorded a significant drop in short interest in April. As of April 15, there was short interest totaling 11,800 shares, down 56.5% from the March 31 total of 27,100 shares. Based on an average daily volume of 31,000 shares, the short interest rate is currently 0.4 days.
Institutional investors have recently increased or reduced their stake in the company. Freestone Capital Holdings LLC bought a new stake in Banco Bradesco in the fourth quarter worth $38,000. Checchi Capital Advisers LLC increased its equity stake in Banco Bradesco by 27.6% during the third quarter. Checchi Capital Advisers LLC now owns 18,215 shares of the bank valued at $61,000 after buying 3,938 additional shares last quarter. Citadel Advisors LLC bought a new position in shares of Banco Bradesco during the third quarter at a value of $185,000. Northern Trust Corp increased its holdings of Banco Bradesco shares by 9.4% in the fourth quarter. Northern Trust Corp now owns 120,772 shares of the bank valued at $350,000 after buying an additional 10,355 shares last quarter. Finally, Morgan Stanley increased its equity stake in Banco Bradesco by 7.2% during the first quarter. Morgan Stanley now owns 107,621 shares of the bank valued at $440,000 after buying an additional 7,244 shares last quarter.
Banco Bradesco stock traded at $0.06 at midday on Friday, hitting $3.03. The company had a trading volume of 26,108 shares, compared to an average volume of 17,666. The company has a current ratio of 0.64, a quick ratio of 1.46 and a debt 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 results on Tuesday, February 8. The bank reported EPS of $0.11 for the quarter. Banco Bradesco achieved a return on equity of 17.67% and a net margin of 21.20%. The company posted revenue of $6.21 billion for the quarter.
The company also recently announced a — dividend, which will be paid on Wednesday, June 8. Shareholders of record on Wednesday, May 4 will receive a dividend of $0.0036. This represents a return of 3.6%. This is an increase from Banco Bradesco’s previous dividend of $0.00. The ex-dividend date is Tuesday, May 3. Banco Bradesco’s payout ratio is 8.05%.
About Banco Bradesco (Get an assessment)
Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, businesses and companies in Brazil and abroad. The Company operates through two segments, Banking and Insurance. It provides current, savings, click and salary accounts; real estate credit, car financing, salary credit, mortgage loan, microcredit, leasing, personal and installment credit; debit and business cards; financial and security services; consortium products; automobile, personal accident, dental, travel and life insurance; investment products; retirement products; real estate and vehicle auctions; cash management and foreign trade and foreign exchange services; capitalization bonds; and online banking.
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