Banco Bradesco S.A. (NYSE:BBDO – Get Rating) was the recipient of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 17,300 shares, a decline of 11.7% from the November 15th total of 19,600 shares. Based on an average daily volume of 24,900 shares, the short-interest ratio is presently 0.7 days.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. acquired a new stake in shares of Banco Bradesco during the 3rd quarter worth $36,000. Cable Hill Partners LLC acquired a new stake in shares of Banco Bradesco during the 1st quarter worth $40,000. Virtu Financial LLC increased its holdings in shares of Banco Bradesco by 63.9% during the 3rd quarter. Virtu Financial LLC now owns 17,092 shares of the bank's stock worth $51,000 after buying an additional 6,661 shares during the last quarter. Citadel Advisors LLC increased its holdings in shares of Banco Bradesco by 43.4% during the 3rd quarter. Citadel Advisors LLC now owns 17,012 shares of the bank's stock worth $51,000 after buying an additional 5,151 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Banco Bradesco during the 1st quarter worth $56,000. 0.01% of the stock is currently owned by institutional investors and hedge funds.
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Banco Bradesco Trading Up 0.8 %
Shares of Banco Bradesco stock opened at $2.38 on Tuesday. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.52 and a quick ratio of 1.56. Banco Bradesco has a 1 year low of $2.29 and a 1 year high of $3.55. The company has a market capitalization of $25.37 billion, a P/E ratio of 5.88 and a beta of 0.97. The business has a 50 day moving average price of $2.73 and a 200 day moving average price of $2.88.
Banco Bradesco Cuts Dividend
The firm also recently declared a monthly dividend, which will be paid on Monday, January 9th. Shareholders of record on Monday, December 5th will be issued a $0.0024 dividend. The ex-dividend date of this dividend is Friday, December 2nd. This represents a $0.03 annualized dividend and a yield of 1.21%. Banco Bradesco's dividend payout ratio (DPR) is presently 7.42%.
About Banco Bradesco
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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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