Banco Bradesco SA (NYSE:BBD) saw some unusual options trading on Thursday. Stock traders acquired 12,290 put options on the stock. This represents an increase of 3,558% compared to the average volume of 336 put options.

Several research firms recently weighed in on BBD. Zacks Investment Research downgraded Banco Bradesco from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine downgraded Banco Bradesco from a “hold” rating to a “sell” rating in a research report on Monday, April 1st. Finally, Scotiabank downgraded Banco Bradesco from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, February 26th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $10.00.

NYSE:BBD opened at $9.36 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.79. The stock has a market cap of $72.53 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 0.52 and a beta of 1.02. Banco Bradesco has a 52 week low of $5.41 and a 52 week high of $10.46.

Banco Bradesco (NYSE:BBD) last posted its quarterly earnings results on Thursday, April 25th. The bank reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.03. The business had revenue of $9.26 billion for the quarter, compared to analysts’ expectations of $6.51 billion. Banco Bradesco had a return on equity of 18.75% and a net margin of 15.96%. As a group, analysts predict that Banco Bradesco will post 0.78 earnings per share for the current fiscal year.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Wednesday, June 5th will be issued a dividend of $0.0047 per share. The ex-dividend date is Tuesday, June 4th. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. This represents a $0.06 dividend on an annualized basis and a yield of 0.60%. Banco Bradesco’s dividend payout ratio (DPR) is currently 7.04%.

A number of large investors have recently bought and sold shares of BBD. Eqis Capital Management Inc. raised its holdings in Banco Bradesco by 67.4% during the fourth quarter. Eqis Capital Management Inc. now owns 37,069 shares of the bank’s stock valued at $367,000 after acquiring an additional 14,922 shares during the period. State of New Jersey Common Pension Fund D raised its holdings in Banco Bradesco by 34.0% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 469,775 shares of the bank’s stock valued at $4,646,000 after acquiring an additional 119,112 shares during the period. Atlas Capital Advisors LLC bought a new stake in shares of Banco Bradesco in the fourth quarter worth about $536,000. Wetherby Asset Management Inc. increased its holdings in shares of Banco Bradesco by 2.3% in the fourth quarter. Wetherby Asset Management Inc. now owns 76,600 shares of the bank’s stock worth $758,000 after purchasing an additional 1,738 shares during the last quarter. Finally, Jarislowsky Fraser Ltd increased its holdings in shares of Banco Bradesco by 18.4% in the fourth quarter. Jarislowsky Fraser Ltd now owns 243,374 shares of the bank’s stock worth $2,406,000 after purchasing an additional 37,760 shares during the last quarter. 2.47% of the stock is currently owned by institutional investors and hedge funds.

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Banco Bradesco Company Profile

Banco Bradesco SA, together with its subsidiaries, provides banking and financial products and services to individuals, corporates, and businesses in Brazil and internationally. It operates through two segments, Banking and Insurance. The company accepts checking and savings accounts, demand deposits, time deposits, and interbank deposits.

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