Banco Bradesco Director Caffarelli Buys 31,266 Preference Shares. Is The Brazilian Bank Due to Rally?
Insider purchased shares at $17.98 each, well above the $3.43 market close on transaction date, signaling confidence despite recent valuation disconnect.
Overview
Director Paulo Rogerio Caffarelli reported a direct purchase of 31,266 preference shares of Banco Bradesco S.A. (NYSE:BBD) in an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average purchase price ($17.98); post-transaction value based on Sept. 18, 2026 market close ($3.43).
Details
Banco Bradesco S.A. is one of Brazil's largest financial institutions, with approximately 82,095 employees and a market capitalization of $37.2 billion. The company leverages its dual Banking and Insurance divisions to deliver integrated financial solutions across retail and institutional markets, maintaining a competitive position through its extensive branch network and diversified service offerings in Brazil and internationally.
Source
Originally published at www.fool.com.