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

Banco Bradesco S.A. (NYSE:BBDGet Free Report) saw unusually large options trading activity on Friday. Stock investors bought 9,605 call options on the company. This represents an increase of approximately 406% compared to the average volume of 1,899 call options.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group cut their price target on shares of Banco Bradesco from $3.20 to $2.80 and set a “sell” rating on the stock in a report on Thursday. Jefferies Financial Group lowered shares of Banco Bradesco from a “buy” rating to a “hold” rating in a report on Friday. Finally, HSBC lowered shares of Banco Bradesco from a “buy” rating to a “hold” rating in a report on Monday, January 8th.

Check Out Our Latest Research Report on Banco Bradesco

Banco Bradesco Stock Performance

BBD stock opened at $2.73 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.97 and a current ratio of 0.97. Banco Bradesco has a 12-month low of $2.34 and a 12-month high of $3.68. The company’s fifty day simple moving average is $3.30 and its 200 day simple moving average is $3.13.

Banco Bradesco (NYSE:BBDGet Free Report) last announced its quarterly earnings data on Thursday, November 9th. The bank reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). Banco Bradesco had a net margin of 6.38% and a return on equity of 9.06%. The company had revenue of $10.65 billion for the quarter, compared to analyst estimates of $6.27 billion. As a group, research analysts predict that Banco Bradesco will post 0.35 EPS for the current fiscal year.

Banco Bradesco Cuts Dividend

The business also recently disclosed a — dividend, which will be paid on Monday, April 8th. Stockholders of record on Tuesday, March 5th will be issued a dividend of $0.0038 per share. The ex-dividend date is Monday, March 4th. This represents a dividend yield of 5.9%. Banco Bradesco’s dividend payout ratio is currently 14.29%.

Hedge Funds Weigh In On Banco Bradesco

Institutional investors have recently made changes to their positions in the stock. Natixis bought a new stake in shares of Banco Bradesco during the fourth quarter worth about $26,000. LGT Group Foundation bought a new stake in shares of Banco Bradesco during the third quarter worth about $30,000. CI Private Wealth LLC bought a new stake in shares of Banco Bradesco during the fourth quarter worth about $32,000. TIAA Trust National Association bought a new stake in shares of Banco Bradesco during the third quarter worth about $35,000. Finally, Savvy Advisors Inc. bought a new stake in shares of Banco Bradesco during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 1.84% of the company’s stock.

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; debit and business cards; financial and security services; consortium products; auto, personal accident, dental, travel, and life insurance; investment products; pension products; real estate and vehicle auctions; cash management, and foreign trade and exchange services; capitalization bonds; and internet banking services.

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