This is a rare and highly concentrated insider buying cluster at a major Brazilian bank. The uniformity of price and timing (all on the same day, same price) suggests a coordinated, deliberate signal. Monitor for any upcoming catalyst such as earnings, dividend announcement, or strategic update that may have prompted this buying.
Price Chart
Executive Summary
Six insiders at Banco Bradesco, including multiple executive officers and directors, made open-market purchases totaling $11.62M on September 18, 2026, all at $17.98 per share. This is a large and concentrated cluster of buys, representing approximately 0.36% of the company's market cap, and is a strong bullish signal given the academic literature on cluster buys.
Key Financial Metrics
Key Facts
- Six insiders purchased a total of 646,228 shares on September 18, 2026, all at $17.98 per share.
- Total purchase value: $11.62 million.
- Purchasers include four executive officers (Pedras, de Oliveira, Panico, de Souza) and two directors (da Cunha, Alvarez).
- The largest single purchase was by Executive Officer Andre Luis Duarte de Oliveira for $5.56 million (309,111 shares).
- All transactions were open-market purchases (code P), not grants or exercises.
- The cluster represents approximately 0.36% of BBD's market cap (based on $3.2B market cap).
Financial Impact
Insiders deployed $11.62M in open-market purchases, representing ~0.36% of market cap.
Risk Factors
- Brazilian banks face macroeconomic headwinds including political risk, interest rate cycles, and currency volatility.
- Insider buying clusters can be less predictive in non-US jurisdictions due to different regulatory and disclosure norms.
- The purchase may be part of a pre-arranged plan or compensation structure, though no 10b5-1 plan is indicated.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-BBD-1790082015055 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | 6-K | $4.07 | awaiting T+20 | — | $2.93 (−28.01%) |
Oct 23, 2026 4d ago | 6-K | $4.07 | awaiting T+20 | — | $2.93 (−28.01%) |
Oct 23, 2026 4d ago | 6-K | $4.07 | awaiting T+20 | — | $2.93 (−28.01%) |
Oct 22, 2026 4d ago | 6-K | $4.07 | awaiting T+20 | — | $2.93 (−28.01%) |
Oct 15, 2026 12d ago | 6-K | $4.03 | awaiting T+20 | — | $2.93 (−27.30%) |
Oct 15, 2026 12d ago | Insider Cluster | $4.03 | awaiting T+20 | — | $2.93 (−27.30%) |
Oct 13, 2026 13d ago | 6-K | $4.14 | awaiting T+20 | — | $2.93 (−29.23%) |
Oct 8, 2026 18d ago | 6-K | $4.22 | awaiting T+20 | — | $2.93 (−30.64%) |
Oct 5, 2026 22d ago | Insider Cluster | $4.25 | awaiting T+20 | — | $2.93 (−31.12%) |
Oct 5, 2026 22d ago | Insider Cluster | $4.25 | awaiting T+20 | — | $2.93 (−31.12%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers