BANCO DO BRASIL/S (OTCMKTS:BDORY) Short Interest Down 67.5% in February

BANCO DO BRASIL/S (OTCMKTS:BDORY) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 207,400 shares, a decrease of 67.5% from the February 13th total of 638,400 shares. Based on an average trading volume of 1,981,800 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

BANCO DO BRASIL/S Price Performance

BANCO DO BRASIL/S stock traded up $0.06 during midday trading on Friday, reaching $4.91. The company had a trading volume of 82,551 shares, compared to its average volume of 704,127. The company has a market capitalization of $28.14 billion, a P/E ratio of 4.27, a P/E/G ratio of 1.65 and a beta of 1.05. BANCO DO BRASIL/S has a 12-month low of $3.72 and a 12-month high of $5.85. The firm’s fifty day simple moving average is $4.70 and its 200-day simple moving average is $4.62.

BANCO DO BRASIL/S (OTCMKTS:BDORY) last released its earnings results on Thursday, February 20th. The financial services provider reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. The business 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%. On average, analysts expect that BANCO DO BRASIL/S will post 1.08 EPS for the current fiscal year.

BANCO DO BRASIL/S Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 13th will be paid a $0.0408 dividend. This is an increase from BANCO DO BRASIL/S’s previous dividend of $0.02. The ex-dividend date of this dividend is Thursday, March 13th. BANCO DO BRASIL/S’s dividend payout ratio (DPR) is currently 6.09%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BDORY shares. The Goldman Sachs Group downgraded BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 5th. Citigroup lowered 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.