BANCO DO BRASIL/S (OTCMKTS:BDORY) Short Interest Update

BANCO DO BRASIL/S (OTCMKTS:BDORY) was the target of a large 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. Based on an average daily trading volume, of 317,500 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. The Goldman Sachs Group cut BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 5th. Citigroup cut BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 5th.

BANCO DO BRASIL/S Price Performance

Shares of OTCMKTS BDORY traded down $0.01 during mid-day trading on Friday, reaching $5.02. 416,559 shares of the company’s stock traded hands, compared to its average volume of 621,715. The business has a 50-day simple moving average of $4.86 and a 200 day simple moving average of $4.61. The stock has a market cap of $28.77 billion, a P/E ratio of 4.37, a PEG ratio of 1.65 and a beta of 1.05. BANCO DO BRASIL/S has a 1-year low of $3.72 and a 1-year high of $5.82.

BANCO DO BRASIL/S (OTCMKTS:BDORY) last announced its quarterly 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 net margin of 12.30% and a return on equity of 19.30%. Equities research analysts anticipate that BANCO DO BRASIL/S will post 1.08 earnings per share for the current fiscal 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. This is a boost 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 payout ratio is presently 6.09%.

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.