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

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

Banco Bradesco Price Performance

Shares of NYSE BBD traded up $0.03 during midday trading on Monday, hitting $3.28. The stock had a trading volume of 7,103,515 shares, compared to its average volume of 35,257,965. The company has a market capitalization of $34.76 billion, a PE ratio of 7.81, a P/E/G ratio of 0.40 and a beta of 0.53. The stock has a 50 day simple moving average of $3.42 and a 200-day simple moving average of $3.62. Banco Bradesco has a 1 year low of $2.96 and a 1 year high of $4.30. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 2.93.

Banco Bradesco (NYSE:BBD) last issued its quarterly earnings results on Tuesday, June 30th. The bank reported $0.12 EPS for the quarter. Banco Bradesco had a return on equity of 14.61% and a net margin of 10.55%.The firm had revenue of $6.77 billion during the quarter. On average, sell-side analysts expect that Banco Bradesco will post 0.5 EPS for the current fiscal year.

Banco Bradesco Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 3rd will be paid a dividend of $0.0037 per share. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a c) annualized dividend and a yield of 1.4%. Banco Bradesco’s dividend payout ratio is presently 7.14%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Banco Bradesco

Several hedge funds and other institutional investors have recently modified their holdings of the business. Inspire Investing LLC grew its position in shares of Banco Bradesco by 11.4% during the fourth quarter. Inspire Investing LLC now owns 25,331 shares of the bank’s stock worth $84,000 after buying an additional 2,597 shares in the last quarter. Compound Planning Inc. increased its stake in shares of Banco Bradesco by 2.1% during the first quarter. Compound Planning Inc. now owns 158,680 shares of the bank’s stock worth $579,000 after buying an additional 3,247 shares during the period. Corient Private Wealth LLC raised its holdings in Banco Bradesco by 8.8% in the second quarter. Corient Private Wealth LLC now owns 42,025 shares of the bank’s stock valued at $130,000 after acquiring an additional 3,402 shares in the last quarter. Cetera Investment Advisers lifted its stake in Banco Bradesco by 16.7% in the first quarter. Cetera Investment Advisers now owns 24,543 shares of the bank’s stock worth $90,000 after acquiring an additional 3,519 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Banco Bradesco by 59.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 9,784 shares of the bank’s stock worth $33,000 after acquiring an additional 3,648 shares during the last quarter.

About Banco Bradesco

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.