Banco Bradesco SA (NYSE:BBD) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 18,870,302 shares, a growth of 106.1% from the July 13th total of 9,157,974 shares. Based on an average daily volume of 12,154,837 shares, the days-to-cover ratio is currently 1.6 days.

Shares of BBD stock opened at $7.48 on Tuesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.12 and a quick ratio of 1.13. The company has a market capitalization of $49.87 billion, a P/E ratio of 8.40, a P/E/G ratio of 0.49 and a beta of 1.94. Banco Bradesco has a 1 year low of $6.53 and a 1 year high of $13.18.

The business also recently declared a special dividend, which will be paid on Tuesday, October 9th. Investors of record on Wednesday, September 5th will be paid a $0.0049 dividend. This is a boost from Banco Bradesco’s previous special dividend of $0.00. This represents a dividend yield of 0.74%. The ex-dividend date is Tuesday, September 4th. Banco Bradesco’s payout ratio is 5.62%.

Several research firms have recently commented on BBD. ValuEngine downgraded Banco Bradesco from a “sell” rating to a “strong sell” rating in a research report on Monday, July 2nd. Zacks Investment Research cut Banco Bradesco from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 19th. Santander upgraded Banco Bradesco from a “hold” rating to a “buy” rating in a research note on Friday, July 20th. Finally, Bank of America reiterated a “buy” rating on shares of Banco Bradesco in a research note on Monday, May 21st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. Banco Bradesco currently has a consensus rating of “Hold” and an average price target of $12.20.

Several hedge funds have recently modified their holdings of BBD. Guggenheim Capital LLC boosted its stake in shares of Banco Bradesco by 45.3% in the fourth quarter. Guggenheim Capital LLC now owns 209,237 shares of the bank’s stock valued at $2,142,000 after buying an additional 65,235 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Banco Bradesco by 1.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 6,287,102 shares of the bank’s stock worth $74,691,000 after purchasing an additional 73,804 shares during the last quarter. Campbell & CO Investment Adviser LLC lifted its stake in Banco Bradesco by 97.5% during the first quarter. Campbell & CO Investment Adviser LLC now owns 21,673 shares of the bank’s stock worth $257,000 after purchasing an additional 10,700 shares during the last quarter. KCS Wealth Advisory bought a new stake in Banco Bradesco during the first quarter worth $435,000. Finally, Aperio Group LLC lifted its stake in Banco Bradesco by 22.3% during the first quarter. Aperio Group LLC now owns 1,183,044 shares of the bank’s stock worth $12,777,000 after purchasing an additional 215,812 shares during the last quarter. Institutional investors and hedge funds own 2.90% of the company’s stock.

Banco Bradesco Company Profile

Banco Bradesco SA provides banking and financial products and services to individuals, enterprises, and corporations and institutions. It operates through two segments, Banking; and Insurance, Pension Plans and Capitalization Bond. The company accepts checking and savings accounts, time deposits, interbank deposits from financial institutions, and accounts for salary purposes.

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