Banco Bradesco Target of Unusually Large Options Trading (NYSE:BBD)

Banco Bradesco SA (NYSE: BBD) was the target of some unusual trading options on Friday. Investors purchased 44,846 call options in the stock. This is an increase of 810% over the typical volume of 4,928 call options.

Shares of BBD traded up $0.06 during trading on Friday, reaching $4.16. The company’s trading volume amounted to 43,218,895 shares, against an average trading volume of 44,354,484 shares. The company’s 50-day simple moving average is $3.61 and the 200-day simple moving average is $3.94. The company has a debt-to-equity ratio of 1.34, a trading ratio of 1.46 and a quick ratio of 1.46. Banco Bradesco recorded a one-year low of $3.25 and a one-year high of $5.70. The company has a market capitalization of $40.43 billion, a PE ratio of 9.11, a PEG ratio of 0.26 and a beta of 0.99.

Banco Bradesco NYSE:BBD released its latest quarterly earnings data on Thursday, November 4th. The bank reported earnings of $0.12 per share for the quarter, below the Zacks consensus estimate of $0.13 ($0.01). Banco Bradesco net margin is 25.17% and return on equity is 18.08%. The company generated $3.49 billion in revenue for the quarter, compared to the consensus estimate of $5.04 billion. Analysts expect Banco Bradesco to report earnings of 0.48 per share for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, March 9th. Investors of record on Thursday, February 3rd will receive $0.003 in dividends. This represents a dividend of $0.04 year-over-year and a dividend yield of 0.87%. The due date is Wednesday, February 2nd. Banco Bradesco’s payout ratio is 31.11%.

Several hedge funds have recently modified their holdings of BBD. West Family Investments Inc strengthened its position in Banco Bradesco by 7.1% in the third quarter. West Family Investments Inc. owns. Now 57,554 shares of the bank’s stock are valued at $220,000 after purchasing an additional 3,814 shares during the period. IPG Investment Advisors LLC consolidated its position in Banco Bradesco by 10.0% in the second quarter. IPG Investment Advisors LLC now owns 56,265 shares of the bank’s stock valued at $289,000 after purchasing an additional 5,115 shares during the period. KCS Wealth Advisory Inc boosted its position in Banco Bradesco by 3.4% in the fourth quarter. KCS Wealth Advisory now owns 158,943 shares of the bank’s stock valued at $544,000 after purchasing an additional 5,242 shares during the period. Colony Group LLC increased its position in Banco Bradesco by 21.9% in the second quarter. Colony Group LLC now owns 30,360 shares of the bank’s stock valued at $156,000 after purchasing an additional 5,458 shares during the period. Finally, HighTower Advisors LLC boosted its position in Banco Bradesco by 55.2% in the second quarter. HighTower Advisors LLC now owns 18,241 shares of the bank’s stock valued at $96,000 after purchasing an additional 6,484 shares during the period. 2.54% of the shares are currently owned by institutional investors and hedge funds.


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Several brokerages have recently released BBD reports. Barclays began covering Banco Bradesco in a report on Monday. They set an “overweight” rating and a $5.00 target price for the company. Zacks Investment Research upgraded Banco Bradesco from a “sell” rating to a “hold” rating in a report released on Monday.

About Banco Bradesco

Banco Bradesco SA is engaged in providing financial and insurance services. It operates through the banking and insurance sectors. The banking sector includes banking activities. The insurance segment covers auto insurance, health insurance, life insurance, accident and property insurance, pension plans as well as capitalization bonds.

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