BANCO DO BRASIL/S (OTCMKTS:BDORY) Sees Significant Decrease in Short Interest

BANCO DO BRASIL/S (OTCMKTS:BDORY) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 108,100 shares, a decrease of 47.9% from the February 28th total of 207,400 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 317,500 shares, the short-interest ratio is currently 0.3 days.

BANCO DO BRASIL/S Stock Down 0.2 %

BDORY traded down $0.01 during trading on Friday, reaching $5.02. 416,559 shares of the stock traded hands, compared to its average volume of 621,715. The stock’s 50-day moving average is $4.86 and its 200 day moving average is $4.61. BANCO DO BRASIL/S has a 12 month low of $3.72 and a 12 month high of $5.82. The stock has a market capitalization of $28.77 billion, a PE ratio of 4.37, a P/E/G ratio of 1.65 and a beta of 1.05.

BANCO DO BRASIL/S (OTCMKTS:BDORY) last announced its earnings results on Thursday, February 20th. The financial services provider reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. The company had revenue of $14.73 billion for the quarter. BANCO DO BRASIL/S had a return on equity of 19.30% and a net margin of 12.30%. As a group, equities research analysts anticipate that BANCO DO BRASIL/S will post 1.08 EPS for the current year.

BANCO DO BRASIL/S Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 13th will be given a dividend of $0.0408 per share. The ex-dividend date is Thursday, March 13th. This is an increase from BANCO DO BRASIL/S’s previous dividend of $0.02. BANCO DO BRASIL/S’s payout ratio is presently 6.09%.

Analysts Set New Price Targets

Several analysts recently commented on BDORY shares. Citigroup cut BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 5th. The Goldman Sachs Group downgraded shares of BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 5th.

BANCO DO BRASIL/S Company Profile

Banco do Brasil SA provides banking products and services for individuals, companies, and public sectors in Brazil and internationally. The company's Banking segment offers various products and services, including deposits, loans, and services to retail, wholesale, and public sector markets, as well as to micro-entrepreneurs and the low income population.