Traders Buy Large Volume of Banco Bradesco Put Options (NYSE:BBD)

Banco Bradesco SA (NYSE:BBD) was the recipient of unusually large options trading on Monday. Stock traders bought 5,902 put options on the stock. This is an increase of 261% compared to the average daily volume of 1,636 put options.

Analysts Set New Price Targets

Separately, Weiss Ratings cut Banco Bradesco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 24th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Hedge Funds Weigh In On Banco Bradesco

Institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its stake in Banco Bradesco by 100.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,685 shares of the bank’s stock worth $27,000 after purchasing an additional 4,353 shares during the period. Brooklyn Investment Group increased its stake in Banco Bradesco by 1,276.5% in the third quarter. Brooklyn Investment Group now owns 10,613 shares of the bank’s stock valued at $36,000 after purchasing an additional 9,842 shares during the period. Global Wealth Strategies & Associates acquired a new position in Banco Bradesco in the second quarter valued at $38,000. Wayfinding Financial LLC purchased a new stake in shares of Banco Bradesco in the second quarter valued at about $40,000. Finally, Ballentine Partners LLC purchased a new stake in shares of Banco Bradesco in the fourth quarter valued at about $41,000.

Banco Bradesco Stock Up 1.5%

Banco Bradesco stock opened at $3.33 on Wednesday. The company has a market capitalization of $35.29 billion, a P/E ratio of 7.93, a PEG ratio of 0.40 and a beta of 0.52. The company has a debt-to-equity ratio of 2.93, a quick ratio of 1.48 and a current ratio of 1.48. Banco Bradesco has a fifty-two week low of $2.96 and a fifty-two week high of $4.30. The stock has a 50-day simple moving average of $3.41 and a 200-day simple moving average of $3.61.

Banco Bradesco (NYSE:BBD) last released its quarterly earnings results on Tuesday, June 30th. The bank reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $6.77 billion for the quarter. Banco Bradesco had a return on equity of 14.61% and a net margin of 10.55%. Equities research analysts expect that Banco Bradesco will post 0.5 earnings per share for the current year.

Banco Bradesco Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 3rd will be given a dividend of $0.0037 per share. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date is Thursday, September 3rd. Banco Bradesco’s payout ratio is 7.14%.

Banco Bradesco Company Profile

Banco Bradesco SA is a major Brazilian financial institution headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, the bank has grown into one of Brazil’s largest private-sector banks, offering a full range of financial services to retail, small and medium-sized enterprises, corporate and institutional clients. It operates across the banking value chain, including deposit-taking, lending, payments, trade finance and treasury services, and it participates actively in Brazil’s retail and corporate credit markets.

The company’s product and service mix extends beyond traditional banking to include insurance, pension plans, asset management, leasing and credit card services, delivered through a combination of branches, automated teller machines and digital channels.