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

BANCO DO BRASIL/S (OTCMKTS:BDORY) saw a large drop in short interest in February. As of February 28th, there was short interest totalling 207,400 shares, a drop 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.

Wall Street Analysts Forecast Growth

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

BANCO DO BRASIL/S Trading Down 0.4 %

BDORY opened at $4.80 on Thursday. BANCO DO BRASIL/S has a 1-year low of $3.72 and a 1-year high of $5.85. The company has a market cap of $27.51 billion, a price-to-earnings ratio of 4.17, a PEG ratio of 1.65 and a beta of 1.05. The company’s fifty day moving average price is $4.66 and its two-hundred day moving average price 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 (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. The company had revenue of $14.73 billion during 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 analysts forecast that BANCO DO BRASIL/S will post 1.08 earnings per share for the current fiscal year.

BANCO DO BRASIL/S Increases Dividend

The firm also recently announced 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 is Thursday, March 13th. BANCO DO BRASIL/S’s dividend payout ratio (DPR) is presently 6.09%.

About BANCO DO BRASIL/S

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.