Banco Bradesco SA (NYSE:BBD) was the recipient of unusually large options trading on Thursday. Stock traders purchased 6,370 put options on the stock. This represents an increase of 1,025% compared to the typical volume of 566 put options.
Banco Bradesco (NYSE:BBD) opened at $11.00 on Tuesday. Banco Bradesco has a 12 month low of $7.83 and a 12 month high of $11.86. The stock has a market capitalization of $65,260.00, a price-to-earnings ratio of 11.96, a price-to-earnings-growth ratio of 0.98 and a beta of 1.72.
Banco Bradesco (NYSE:BBD) last released its quarterly earnings data on Tuesday, October 31st. The bank reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.04. Banco Bradesco had a return on equity of 17.71% and a net margin of 9.17%. equities research analysts expect that Banco Bradesco will post 0.81 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the company. Cutler Investment Counsel LLC bought a new stake in shares of Banco Bradesco during the third quarter worth $131,000. Empirical Finance LLC bought a new stake in shares of Banco Bradesco during the third quarter worth $144,000. Fox Run Management L.L.C. bought a new stake in shares of Banco Bradesco during the third quarter worth $183,000. Stifel Financial Corp grew its holdings in shares of Banco Bradesco by 102.6% during the second quarter. Stifel Financial Corp now owns 21,830 shares of the bank’s stock worth $186,000 after purchasing an additional 11,057 shares during the last quarter. Finally, QCM Cayman Ltd. bought a new stake in shares of Banco Bradesco during the second quarter worth $228,000. Institutional investors own 2.70% of the company’s stock.
Several research firms have issued reports on BBD. Zacks Investment Research lowered Banco Bradesco from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. ValuEngine lowered Banco Bradesco from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 31st. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $12.20.
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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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