Banco Bradesco S.A. (NYSE:BBD) Short Interest Down 44.3% in January

Banco Bradesco S.A. (NYSE:BBDGet Free Report) was the recipient of a significant decline in short interest in January. As of January 31st, there was short interest totalling 24,780,000 shares, a decline of 44.3% from the January 15th total of 44,490,000 shares. Based on an average trading volume of 16,670,000 shares, the short-interest ratio is currently 1.5 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Creative Planning lifted its position in Banco Bradesco by 27.6% during the second quarter. Creative Planning now owns 15,319 shares of the bank’s stock valued at $50,000 after purchasing an additional 3,312 shares during the period. Ieq Capital LLC lifted its position in Banco Bradesco by 31.4% during the second quarter. Ieq Capital LLC now owns 14,329 shares of the bank’s stock valued at $50,000 after purchasing an additional 3,422 shares during the period. Integrated Wealth Concepts LLC lifted its position in Banco Bradesco by 4.8% during the third quarter. Integrated Wealth Concepts LLC now owns 76,357 shares of the bank’s stock valued at $218,000 after purchasing an additional 3,476 shares during the period. First Trust Direct Indexing L.P. lifted its position in Banco Bradesco by 8.6% during the fourth quarter. First Trust Direct Indexing L.P. now owns 45,245 shares of the bank’s stock valued at $158,000 after purchasing an additional 3,570 shares during the period. Finally, Captrust Financial Advisors lifted its position in Banco Bradesco by 21.4% during the second quarter. Captrust Financial Advisors now owns 20,501 shares of the bank’s stock valued at $67,000 after purchasing an additional 3,610 shares during the period. 1.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BBD has been the topic of several research reports. The Goldman Sachs Group cut their price objective on shares of Banco Bradesco from $3.20 to $2.80 and set a “sell” rating on the stock in a report on Thursday, February 8th. HSBC lowered shares of Banco Bradesco from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, Jefferies Financial Group lowered shares of Banco Bradesco from a “buy” rating to a “hold” rating in a report on Friday.

View Our Latest Analysis on BBD

Banco Bradesco Stock Up 0.7 %

Shares of BBD opened at $2.75 on Tuesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.97 and a quick ratio of 0.97. Banco Bradesco has a 1-year low of $2.34 and a 1-year high of $3.68. The company’s fifty day moving average price is $3.29 and its 200-day moving average price is $3.12.

Banco Bradesco Cuts Dividend

The business also recently disclosed a — dividend, which will be paid on Monday, April 8th. Stockholders of record on Tuesday, March 5th will be issued a dividend of $0.0038 per share. This represents a dividend yield of 5.9%. The ex-dividend date of this dividend is Monday, March 4th. Banco Bradesco’s dividend payout ratio (DPR) is presently 14.29%.

Banco Bradesco Company Profile

(Get Free Report)

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 segments, 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.

Further Reading

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