Banco Bradesco SA Sees Unusually Large Options Volume (BBD)
Banco Bradesco SA (NYSE:BBD) saw unusually large options trading on Wednesday. Traders bought 14,555 put options on the company. This is an increase of approximately Infinity compared to the typical daily volume of 0 put options.
Shares of Banco Bradesco SA (BBD) opened at $10.21 on Friday. The stock has a market capitalization of $68.81 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 0.87 and a beta of 1.76. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 1.03.
The business also recently disclosed a monthly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 3rd will be given a dividend of $0.006 per share. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Thursday, November 2nd. Banco Bradesco SA’s dividend payout ratio is presently 7.86%.
A number of institutional investors and hedge funds have recently made changes to their positions in BBD. Stifel Financial Corp acquired a new position in Banco Bradesco SA in the first quarter valued at approximately $109,000. Vanguard Group Inc. boosted its holdings in Banco Bradesco SA by 5.3% in the first quarter. Vanguard Group Inc. now owns 32,806,678 shares of the bank’s stock valued at $335,940,000 after purchasing an additional 1,658,539 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Banco Bradesco SA by 49.5% in the first quarter. Dimensional Fund Advisors LP now owns 6,676,183 shares of the bank’s stock valued at $68,367,000 after purchasing an additional 2,209,813 shares in the last quarter. United Capital Financial Advisers LLC boosted its holdings in Banco Bradesco SA by 27.4% in the first quarter. United Capital Financial Advisers LLC now owns 18,928 shares of the bank’s stock valued at $194,000 after purchasing an additional 4,073 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in Banco Bradesco SA in the first quarter valued at approximately $302,000. 2.80% of the stock is owned by hedge funds and other institutional investors.
BBD has been the topic of a number of research reports. ValuEngine raised Banco Bradesco SA from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Goldman Sachs Group, Inc. (The) raised Banco Bradesco SA from a “neutral” rating to a “buy” rating and set a $12.40 price objective on the stock in a research note on Monday, September 11th. Scotiabank downgraded Banco Bradesco SA from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, September 5th. Zacks Investment Research downgraded Banco Bradesco SA from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Finally, BidaskClub raised Banco Bradesco SA from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 16th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $12.40.
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Banco Bradesco SA Company Profile
Banco Bradesco SA is a commercial bank. The Bank offers a range of banking and financial products and services in Brazil and abroad to individuals, large, mid-sized and small companies, and local and international corporations and institutions. Its segments include Financial; Insurance and Capitalization bonds; Pension plans, and Other Activities.
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