Banco Santander (Brasil) (NYSE:BSBR) Hits New 1-Year Low – Here’s Why

Banco Santander (Brasil) S.A. (NYSE:BSBR)’s stock price hit a new 52-week low on Tuesday . The stock traded as low as $4.56 and last traded at $4.59, with a volume of 39510 shares trading hands. The stock had previously closed at $4.60.

Banco Santander (Brasil) Stock Down 1.1 %

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a 50-day moving average price of $5.20 and a 200-day moving average price of $5.26.

Banco Santander (Brasil) Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Monday, October 21st will be paid a $0.0714 dividend. The ex-dividend date of this dividend is Monday, October 21st. This represents a $0.29 dividend on an annualized basis and a dividend yield of 6.28%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BSBR. BNP Paribas Financial Markets lifted its holdings in Banco Santander (Brasil) by 220.0% during the first quarter. BNP Paribas Financial Markets now owns 7,095 shares of the bank’s stock valued at $41,000 after purchasing an additional 4,878 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Banco Santander (Brasil) by 183.6% in the 3rd quarter. GAMMA Investing LLC now owns 9,751 shares of the bank’s stock worth $51,000 after purchasing an additional 6,313 shares during the period. Banco BTG Pactual S.A. purchased a new stake in Banco Santander (Brasil) during the first quarter valued at approximately $79,000. Vanguard Personalized Indexing Management LLC grew its position in Banco Santander (Brasil) by 41.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,024 shares of the bank’s stock worth $71,000 after purchasing an additional 4,387 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in Banco Santander (Brasil) by 68.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,741 shares of the bank’s stock worth $99,000 after buying an additional 7,608 shares during the last quarter. 14.53% of the stock is currently owned by institutional investors.

Banco Santander (Brasil) Company Profile

Banco Santander (Brasil) SA, together with its subsidiaries, provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally. The company operates through Commercial Banking and Global Wholesale Banking segments. It offers local loans, commercial financing options, development bank funds, and cash management services; export and import financing, guarantees, structuring of asset services.