Banco Bradesco SA (NYSE:BBDO – Get Rating) saw strong growth in short-term interest in June. As of June 30, there were short interests totaling 8,500 shares, a growth of 49.1% from the total of 5,700 shares as of June 15. Based on an average trading volume of 19,600 shares, the day-to-cover ratio is currently 0.4 days.

Banco Bradesco share performance

NYSE: BBDO opened at $2.50 on Monday. The stock has a market capitalization of $26.65 billion, a P/E ratio of 6.37 and a beta of 1.21. The stock has a 50-day simple moving average of $3.05 and a 200-day simple moving average of $3.09. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt ratio of 1.51. Banco Bradesco has a 1 year minimum of $2.45 and a 1 year maximum of $4.00.

Banco Bradesco (NYSE:BBDO – Get Rating) last released its quarterly results on Thursday, May 5. The bank reported earnings per share of $0.12 for the quarter. The company had revenue of $8.03 billion in the quarter. Banco Bradesco achieved a return on equity of 17.68% and a net margin of 19.74%.

Banco Bradesco cuts its dividends

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, August 10. Shareholders of record on Tuesday, July 5 will receive a dividend of $0.003. The ex-dividend date is Friday, July 1. This represents an annualized dividend of $0.04 and a yield of 1.44%. Banco Bradesco’s dividend payout ratio is currently 7.64%.

Hedge funds weigh on Banco Bradesco

Several hedge funds and other institutional investors have recently increased or reduced their stake in BBDO. Checchi Capital Advisers LLC increased its equity stake in Banco Bradesco by 26.3% during the 1st quarter. Checchi Capital Advisers LLC now owns 21,911 shares of the bank worth $84,000 after buying 4,561 additional shares last quarter. Freestone Capital Holdings LLC increased its equity stake in Banco Bradesco by 47.5% during the 1st quarter. Freestone Capital Holdings LLC now owns 19,295 shares of the bank worth $74,000 after buying an additional 6,213 shares last quarter. Aaron Wealth Advisors LLC acquired a new position in shares of Banco Bradesco during Q1 worth $1,708,000. Cable Hill Partners LLC acquired a new position in shares of Banco Bradesco during Q1 worth $40,000. Finally, Jane Street Group LLC acquired a new position in shares of Banco Bradesco during Q1 worth $56,000.

About Banco Bradesco

(Get an assessment)

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, businesses and companies in Brazil and abroad. The Company operates through two segments, Banking and Insurance. It provides current, savings, click and salary accounts; real estate credit, car financing, salary credit, mortgage loan, microcredit, leasing, personal and installment credit; debit and business cards; financial and security services; consortium products; automobile, personal accident, dental, travel and life insurance; investment products; retirement products; real estate and vehicle auctions; cash management and foreign trade and foreign exchange services; capitalization bonds; and online banking.

Recommended Stories

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Banco Bradesco right now?

Before you consider Banco Bradesco, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Banco Bradesco wasn’t on the list.

While Banco Bradesco currently has an “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here