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

Banco Bradesco SA (NYSE:BBD) saw unusually large options trading activity on Monday. Stock traders purchased 21,882 put options on the stock. This is an increase of approximately 1,089% compared to the average daily volume of 1,841 put options.

A number of brokerages have recently commented on BBD. UBS Group raised shares of Banco Bradesco from a “neutral” rating to a “buy” rating in a research note on Thursday, November 21st. Zacks Investment Research raised shares of Banco Bradesco from a “sell” rating to a “hold” rating in a research report on Tuesday, October 15th. Morgan Stanley upgraded Banco Bradesco from an “equal weight” rating to an “overweight” rating in a report on Wednesday, August 7th. Finally, ValuEngine raised Banco Bradesco from a “strong sell” rating to a “sell” rating in a research report on Friday, November 1st. Four investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $10.29.

NYSE BBD opened at $7.95 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.72. Banco Bradesco has a fifty-two week low of $7.53 and a fifty-two week high of $10.55. The business has a 50 day moving average price of $8.28 and a two-hundred day moving average price of $8.72. The stock has a market cap of $63.05 billion, a PE ratio of 11.20, a P/E/G ratio of 0.59 and a beta of 0.79.

Banco Bradesco (NYSE:BBD) last posted its earnings results on Wednesday, October 30th. The bank reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. Banco Bradesco had a net margin of 16.84% and a return on equity of 19.01%. The business had revenue of $8.20 billion for the quarter, compared to analysts’ expectations of $6.52 billion. Sell-side analysts anticipate that Banco Bradesco will post 0.77 EPS for the current fiscal year.

The company also recently declared a — dividend, which was paid on Friday, November 8th. Investors of record on Thursday, October 3rd were issued a dividend of $0.0046 per share. This represents a yield of 2.5%. The ex-dividend date was Wednesday, October 2nd. Banco Bradesco’s payout ratio is 7.04%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Virtus ETF Advisers LLC bought a new position in Banco Bradesco during the second quarter worth $36,000. Parallel Advisors LLC raised its holdings in shares of Banco Bradesco by 50.4% during the third quarter. Parallel Advisors LLC now owns 6,660 shares of the bank’s stock worth $54,000 after purchasing an additional 2,232 shares during the period. Lindbrook Capital LLC raised its holdings in shares of Banco Bradesco by 28.1% during the second quarter. Lindbrook Capital LLC now owns 6,348 shares of the bank’s stock worth $62,000 after purchasing an additional 1,393 shares during the period. Shine Investment Advisory Services Inc. lifted its position in shares of Banco Bradesco by 20.0% in the 2nd quarter. Shine Investment Advisory Services Inc. now owns 7,244 shares of the bank’s stock worth $71,000 after buying an additional 1,207 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA lifted its position in shares of Banco Bradesco by 20.0% in the 2nd quarter. Compagnie Lombard Odier SCmA now owns 7,994 shares of the bank’s stock worth $79,000 after buying an additional 1,331 shares during the last quarter. 2.71% of the stock is currently owned by hedge funds and other institutional investors.

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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