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

Banco Bradesco S.A. (NYSE:BBD - Get Free Report) was the recipient of unusually large options trading on Monday. Stock traders acquired 4,509 put options on the stock. This represents an increase of 102% compared to the typical volume of 2,232 put options.

Institutional Trading of Banco Bradesco

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. First Affirmative Financial Network lifted its holdings in Banco Bradesco by 36.1% in the first quarter. First Affirmative Financial Network now owns 61,581 shares of the bank's stock valued at $137,000 after buying an additional 16,324 shares during the period. Merit Financial Group LLC bought a new stake in shares of Banco Bradesco during the 1st quarter valued at about $37,000. Legacy Wealth Asset Management LLC boosted its position in shares of Banco Bradesco by 48.4% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 191,831 shares of the bank's stock valued at $428,000 after purchasing an additional 62,540 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Banco Bradesco during the fourth quarter worth approximately $13,097,000. Finally, Vident Advisory LLC lifted its stake in Banco Bradesco by 87.3% in the fourth quarter. Vident Advisory LLC now owns 65,112 shares of the bank's stock valued at $124,000 after buying an additional 30,351 shares during the period.

Analyst Ratings Changes

BBD has been the subject of several recent analyst reports. The Goldman Sachs Group downgraded Banco Bradesco from a "buy" rating to a "sell" rating and dropped their price objective for the stock from $2.40 to $2.00 in a research report on Wednesday, February 12th. HSBC raised shares of Banco Bradesco from a "hold" rating to a "buy" rating and set a $2.80 target price on the stock in a research note on Monday, January 13th.

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Banco Bradesco Trading Up 3.6 %

Shares of BBD stock traded up $0.08 during mid-day trading on Friday, reaching $2.19. 33,452,149 shares of the stock traded hands, compared to its average volume of 31,625,089. The company has a market cap of $23.25 billion, a price-to-earnings ratio of 7.28, a price-to-earnings-growth ratio of 0.32 and a beta of 0.56. The company has a quick ratio of 0.72, a current ratio of 1.01 and a debt-to-equity ratio of 2.48. The stock's fifty day simple moving average is $2.13 and its two-hundred day simple moving average is $2.21. Banco Bradesco has a 1-year low of $1.84 and a 1-year high of $2.96.

Banco Bradesco (NYSE:BBD - Get Free Report) last posted its earnings results on Friday, February 7th. The bank reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. Banco Bradesco had a net margin of 8.46% and a return on equity of 11.43%. On average, research analysts anticipate that Banco Bradesco will post 0.37 EPS for the current fiscal year.

Banco Bradesco Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 7th. Investors of record on Wednesday, April 2nd will be paid a $0.0398 dividend. This is a boost from Banco Bradesco's previous monthly dividend of $0.00. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $0.48 annualized dividend and a dividend yield of 21.83%. Banco Bradesco's payout ratio is currently 6.67%.

Banco Bradesco Company Profile

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services.