Stock Traders Buy Large Volume of Call Options on Banco Bradesco (NYSE:BBD)

Key Points

• Banco Bradesco saw unusually heavy call-option activity, with investors purchasing 4,514 calls—about 155% above the typical daily volume.
• Several institutional investors increased their holdings, including Bank of America, which boosted its position by 355.9%, and Amundi, which raised its stake by 20%.
• BBD shares closed at $3.46, while the company reported $0.12 in quarterly EPS and declared a monthly dividend of $0.0037. Analyst sentiment remains moderately bullish, although Weiss Ratings downgraded the stock to “hold.”

Banco Bradesco SA (NYSE:BBD - Get Free Report) saw unusually large options trading on Friday. Investors acquired 4,514 call options on the company. This represents an increase of approximately 155% compared to the typical daily volume of 1,772 call options.

Institutional Investors Weigh In On Banco Bradesco

Several institutional investors have recently made changes to their positions in BBD. Euro Pacific Asset Management LLC boosted its stake in shares of Banco Bradesco by 77.6% in the 1st quarter. Euro Pacific Asset Management LLC now owns 1,057,281 shares of the bank's stock valued at $3,866,000 after purchasing an additional 462,080 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of Banco Bradesco by 18.1% during the 1st quarter. Hsbc Holdings PLC now owns 3,389,610 shares of the bank's stock valued at $12,377,000 after purchasing an additional 519,953 shares during the last quarter. Amundi increased its position in Banco Bradesco by 20.0% during the 1st quarter. Amundi now owns 24,583,083 shares of the bank's stock worth $89,728,000 after purchasing an additional 4,099,099 shares in the last quarter. Bank of America Corp DE increased its position in Banco Bradesco by 355.9% during the 1st quarter. Bank of America Corp DE now owns 28,078,599 shares of the bank's stock worth $102,487,000 after purchasing an additional 21,920,074 shares in the last quarter. Finally, Sei Investments Co. increased its position in Banco Bradesco by 3.4% during the 1st quarter. Sei Investments Co. now owns 19,296,977 shares of the bank's stock worth $70,434,000 after purchasing an additional 641,744 shares in the last quarter.

Banco Bradesco Stock Performance

Shares of BBD stock traded down $0.01 on Friday, hitting $3.46. The company's stock had a trading volume of 6,725,475 shares, compared to its average volume of 35,227,949. Banco Bradesco has a fifty-two week low of $2.98 and a fifty-two week high of $4.30. The company has a market capitalization of $36.61 billion, a PE ratio of 8.23, a PEG ratio of 0.42 and a beta of 0.52. The stock's 50 day moving average is $3.42 and its 200-day moving average is $3.60. The company has a debt-to-equity ratio of 2.93, a quick ratio of 1.48 and a current ratio of 1.48.

Banco Bradesco (NYSE:BBD - Get Free Report) last issued its quarterly earnings data on Tuesday, June 30th. The bank reported $0.12 earnings per share for the quarter. The business had revenue of $6.77 billion during the quarter. Banco Bradesco had a net margin of 10.55% and a return on equity of 14.61%. Equities research analysts expect that Banco Bradesco will post 0.5 earnings per share for the current fiscal year.

Banco Bradesco Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 3rd will be given a $0.0037 dividend. The ex-dividend date is Thursday, September 3rd. This is a positive change from Banco Bradesco's previous monthly dividend of $0.00. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. Banco Bradesco's dividend payout ratio (DPR) is presently 7.14%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Banco Bradesco from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, July 24th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Banco Bradesco currently has an average rating of "Moderate Buy".

About Banco Bradesco

Banco Bradesco SA is a major Brazilian financial institution headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, the bank has grown into one of Brazil's largest private-sector banks, offering a full range of financial services to retail, small and medium-sized enterprises, corporate and institutional clients. It operates across the banking value chain, including deposit-taking, lending, payments, trade finance and treasury services, and it participates actively in Brazil's retail and corporate credit markets.

The company's product and service mix extends beyond traditional banking to include insurance, pension plans, asset management, leasing and credit card services, delivered through a combination of branches, automated teller machines and digital channels.

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