Traders Purchase High Volume of Put Options on Banco Bradesco (NYSE:BBD)

Banco Bradesco SA (NYSE:BBD) was the target of some unusual options trading on Monday. Investors purchased 5,902 put options on the stock. This represents an increase of 261% compared to the typical volume of 1,636 put options.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Banco Bradesco

Several institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its holdings in Banco Bradesco by 100.5% in the second quarter. EverSource Wealth Advisors LLC now owns 8,685 shares of the bank’s stock valued at $27,000 after purchasing an additional 4,353 shares during the period. Brooklyn Investment Group raised its stake in shares of Banco Bradesco by 1,276.5% during the 3rd quarter. Brooklyn Investment Group now owns 10,613 shares of the bank’s stock worth $36,000 after buying an additional 9,842 shares during the period. Global Wealth Strategies & Associates acquired a new position in shares of Banco Bradesco during the 2nd quarter worth approximately $38,000. Wayfinding Financial LLC purchased a new position in shares of Banco Bradesco during the 2nd quarter valued at approximately $40,000. Finally, Ballentine Partners LLC purchased a new position in shares of Banco Bradesco during the 4th quarter valued at approximately $41,000.

Banco Bradesco Stock Performance

Shares of NYSE:BBD traded up $0.03 during trading on Monday, hitting $3.28. 7,103,515 shares of the stock traded hands, compared to its average volume of 35,257,965. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 2.93. The company has a market cap of $34.76 billion, a price-to-earnings ratio of 7.81, a P/E/G ratio of 0.40 and a beta of 0.53. The company has a fifty day moving average price of $3.42 and a two-hundred day moving average price of $3.62. Banco Bradesco has a 52-week low of $2.96 and a 52-week high of $4.30.

Banco Bradesco (NYSE:BBD) last announced 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 net margin of 10.55% and a return on equity of 14.61%. As a group, equities analysts predict that Banco Bradesco will post 0.5 EPS for the current year.

Banco Bradesco Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 3rd will be paid a dividend of $0.0037 per share. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 3rd. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s dividend payout ratio is currently 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.