Short Interest in Banco Bradesco SA (NYSE:BBD) Decreases By 60.1%

Banco Bradesco SA (NYSE:BBD) was the target of a significant decrease in short interest in February. As of February 13th, there was short interest totaling 14,241,732 shares, a decrease of 60.1% from the January 29th total of 35,707,686 shares. Based on an average daily trading volume, of 47,669,515 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 47,669,515 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Aquamarine Financial Cayman Ltd raised its position in Banco Bradesco by 8.1% in the fourth quarter. Aquamarine Financial Cayman Ltd now owns 148,670,798 shares of the bank’s stock valued at $517,056,000 after purchasing an additional 11,137,145 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Banco Bradesco by 0.3% during the third quarter. Fisher Asset Management LLC now owns 88,405,292 shares of the bank’s stock worth $298,810,000 after purchasing an additional 306,617 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Banco Bradesco by 25.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 82,163,260 shares of the bank’s stock valued at $273,604,000 after buying an additional 16,908,425 shares during the period. Orbis Allan Gray Ltd acquired a new position in shares of Banco Bradesco in the second quarter valued at approximately $250,398,000. Finally, Wellington Management Group LLP raised its holdings in Banco Bradesco by 1.0% in the 4th quarter. Wellington Management Group LLP now owns 77,491,815 shares of the bank’s stock valued at $258,048,000 after buying an additional 756,107 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Banco Bradesco in a research report on Monday, December 29th. Itau BBA Securities restated an “outperform” rating on shares of Banco Bradesco in a research report on Friday. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Banco Bradesco Trading Up 0.6%

Shares of BBD stock traded up $0.03 during trading hours on Friday, reaching $4.08. The company’s stock had a trading volume of 47,048,670 shares, compared to its average volume of 40,696,055. The firm’s 50 day simple moving average is $3.75 and its 200-day simple moving average is $3.46. Banco Bradesco has a fifty-two week low of $1.93 and a fifty-two week high of $4.28. The company has a current ratio of 1.45, a quick ratio of 1.12 and a debt-to-equity ratio of 2.68.

Banco Bradesco (NYSE:BBD) last posted its quarterly earnings results on Friday, February 6th. The bank reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. The company had revenue of $6.54 billion during the quarter, compared to analysts’ expectations of $6.68 billion. Banco Bradesco had a return on equity of 13.78% and a net margin of 10.19%. As a group, research analysts predict that Banco Bradesco will post 0.37 EPS for the current year.

Banco Bradesco Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th will be given a $0.0036 dividend. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Wednesday, March 4th. Banco Bradesco’s dividend payout ratio (DPR) is 7.69%.

Banco Bradesco Company Profile

Banco Bradesco SA is a major Brazilian financial institution headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, the bank has grown into one of Brazil’s largest private-sector banks, offering a full range of financial services to retail, small and medium-sized enterprises, corporate and institutional clients. It operates across the banking value chain, including deposit-taking, lending, payments, trade finance and treasury services, and it participates actively in Brazil’s retail and corporate credit markets.

The company’s product and service mix extends beyond traditional banking to include insurance, pension plans, asset management, leasing and credit card services, delivered through a combination of branches, automated teller machines and digital channels.