Banco Bradesco Sees Unusually Large Options Volume (NYSE:BBD)

Banco Bradesco S.A. (NYSE:BBDGet Free Report) saw unusually large options trading on Monday. Stock traders acquired 4,509 put options on the company. This represents an increase of approximately 102% compared to the average daily volume of 2,232 put options.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BBD shares. HSBC raised Banco Bradesco from a “hold” rating to a “buy” rating and set a $2.80 target price for the company in a research note on Monday, January 13th. The Goldman Sachs Group cut shares of Banco Bradesco from a “buy” rating to a “sell” rating and decreased their target price for the stock from $2.40 to $2.00 in a research report on Wednesday, February 12th.

View Our Latest Stock Report on Banco Bradesco

Hedge Funds Weigh In On Banco Bradesco

A number of hedge funds have recently modified their holdings of the company. ARGA Investment Management LP grew its stake in shares of Banco Bradesco by 215.1% in the fourth quarter. ARGA Investment Management LP now owns 82,839,944 shares of the bank’s stock worth $158,224,000 after purchasing an additional 56,552,808 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Banco Bradesco by 13.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 100,202,214 shares of the bank’s stock worth $191,386,000 after buying an additional 12,236,689 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Banco Bradesco by 26.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 50,826,745 shares of the bank’s stock worth $97,079,000 after buying an additional 10,537,751 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Banco Bradesco by 20.8% during the fourth quarter. Wellington Management Group LLP now owns 56,809,743 shares of the bank’s stock valued at $108,507,000 after buying an additional 9,762,964 shares during the period. Finally, Marshall Wace LLP raised its holdings in shares of Banco Bradesco by 45.4% during the fourth quarter. Marshall Wace LLP now owns 27,742,604 shares of the bank’s stock valued at $52,988,000 after acquiring an additional 8,661,231 shares in the last quarter.

Banco Bradesco Trading Down 3.4 %

Shares of BBD stock opened at $2.12 on Tuesday. The business has a 50-day moving average of $2.13 and a 200 day moving average of $2.22. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.01 and a quick ratio of 0.72. Banco Bradesco has a 1-year low of $1.84 and a 1-year high of $2.97. The stock has a market capitalization of $22.51 billion, a PE ratio of 7.05, a P/E/G ratio of 0.32 and a beta of 0.56.

Banco Bradesco (NYSE:BBDGet Free Report) last released its quarterly earnings data on Friday, February 7th. The bank reported $0.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.09. Banco Bradesco had a return on equity of 11.43% and a net margin of 8.46%. As a group, sell-side analysts anticipate that Banco Bradesco will post 0.37 earnings per share for the current year.

Banco Bradesco Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 7th. Shareholders of record on Wednesday, April 2nd will be issued a $0.0398 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 22.55%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s dividend payout ratio (DPR) is 43.33%.

About Banco Bradesco

(Get Free Report)

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.

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