Banco Bradesco S.A. (NYSE:BBDO – Get Rating) saw a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 17,300 shares, a drop of 11.7% from the November 15th total of 19,600 shares. Based on an average daily trading volume, of 24,900 shares, the days-to-cover ratio is currently 0.7 days.
Banco Bradesco Trading Up 1.3 %
Shares of BBDO stock traded up $0.03 during trading hours on Monday, hitting $2.39. 605 shares of the company were exchanged, compared to its average volume of 24,887. The firm has a market cap of $25.47 billion, a P/E ratio of 5.83 and a beta of 0.97. Banco Bradesco has a fifty-two week low of $2.29 and a fifty-two week high of $3.55. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.56 and a current ratio of 1.52. The company has a 50 day simple moving average of $2.75 and a two-hundred day simple moving average of $2.89.
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Banco Bradesco Cuts Dividend
The business also recently disclosed a monthly dividend, which will be paid on Monday, January 9th. Stockholders of record on Monday, December 5th will be given a dividend of $0.0024 per share. This represents a $0.03 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, December 2nd. Banco Bradesco's dividend payout ratio (DPR) is 7.42%.
Institutional Trading of Banco Bradesco
Several hedge funds have recently bought and sold shares of the business. Citadel Advisors LLC grew its position in Banco Bradesco by 43.4% in the 3rd quarter. Citadel Advisors LLC now owns 17,012 shares of the bank's stock valued at $51,000 after purchasing an additional 5,151 shares during the period. Freestone Capital Holdings LLC grew its position in Banco Bradesco by 47.5% in the 1st quarter. Freestone Capital Holdings LLC now owns 19,295 shares of the bank's stock valued at $74,000 after purchasing an additional 6,213 shares during the period. Virtu Financial LLC lifted its stake in Banco Bradesco by 63.9% during the 3rd quarter. Virtu Financial LLC now owns 17,092 shares of the bank's stock valued at $51,000 after acquiring an additional 6,661 shares in the last quarter. SPX Gestao de Recursos Ltda lifted its stake in Banco Bradesco by 61.8% during the 3rd quarter. SPX Gestao de Recursos Ltda now owns 22,904 shares of the bank's stock valued at $69,000 after acquiring an additional 8,751 shares in the last quarter. Finally, Cable Hill Partners LLC bought a new position in Banco Bradesco during the 1st quarter valued at $40,000. Institutional investors and hedge funds own 0.01% of the company's stock.
Banco Bradesco Company Profile
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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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