Banco Bradesco Sees Unusually High Options Volume (BBD)

Banco Bradesco SA (NYSE:BBD) saw some unusual options trading activity on Thursday. Stock traders purchased 6,370 put options on the company. This is an increase of approximately 1,025% compared to the average volume of 566 put options.

Shares of Banco Bradesco (NYSE BBD) opened at $11.00 on Friday. The stock has a market cap of $73,562.45, a price-to-earnings ratio of 14.67, a P/E/G ratio of 0.98 and a beta of 1.72. Banco Bradesco has a 12 month low of $7.83 and a 12 month high of $11.86.

The firm also recently declared a special dividend, which will be paid on Monday, February 12th. Investors of record on Thursday, January 4th will be paid a dividend of $0.0057 per share. This represents a yield of 29.41%. The ex-dividend date of this dividend is Wednesday, January 3rd. Banco Bradesco’s payout ratio is 33.33%.

A number of research firms recently issued reports on BBD. Zacks Investment Research downgraded shares of Banco Bradesco from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. ValuEngine downgraded shares of Banco Bradesco from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 31st. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Banco Bradesco currently has a consensus rating of “Buy” and an average target price of $12.20.

A number of institutional investors have recently added to or reduced their stakes in the stock. LSV Asset Management raised its stake in Banco Bradesco by 10.0% during the second quarter. LSV Asset Management now owns 28,600 shares of the bank’s stock valued at $243,000 after purchasing an additional 2,600 shares in the last quarter. AXA raised its stake in Banco Bradesco by 10.0% during the second quarter. AXA now owns 51,782 shares of the bank’s stock valued at $440,000 after purchasing an additional 4,707 shares in the last quarter. Comerica Bank raised its stake in Banco Bradesco by 3.0% during the second quarter. Comerica Bank now owns 167,209 shares of the bank’s stock valued at $1,565,000 after purchasing an additional 4,826 shares in the last quarter. ETRADE Capital Management LLC raised its stake in Banco Bradesco by 13.7% during the third quarter. ETRADE Capital Management LLC now owns 57,553 shares of the bank’s stock valued at $637,000 after purchasing an additional 6,939 shares in the last quarter. Finally, Symphony Asset Management LLC increased its position in Banco Bradesco by 25.2% during the second quarter. Symphony Asset Management LLC now owns 40,981 shares of the bank’s stock valued at $348,000 after acquiring an additional 8,252 shares during the last quarter. 2.70% of the stock is currently owned by institutional investors.

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About Banco Bradesco

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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