Banco Santander (Brasil) (NYSE:BSBR) Sets New 12-Month Low – Here’s Why

Banco Santander (Brasil) S.A. (NYSE:BSBR) hit a new 52-week low during trading on Friday . The stock traded as low as $4.04 and last traded at $4.05, with a volume of 315338 shares trading hands. The stock had previously closed at $4.14.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BSBR. Bank of America lowered shares of Banco Santander (Brasil) from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. raised Banco Santander (Brasil) from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $7.00 to $6.00 in a research report on Monday, November 25th. Finally, StockNews.com cut Banco Santander (Brasil) from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th.

Banco Santander (Brasil) Stock Performance

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 business’s 50 day moving average price is $4.66 and its 200 day moving average price is $5.06.

Banco Santander (Brasil) Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Monday, October 21st were issued a $0.0714 dividend. The ex-dividend date was Monday, October 21st. This represents a $0.29 dividend on an annualized basis and a yield of 7.07%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Barclays PLC grew its position in shares of Banco Santander (Brasil) by 221.4% during the 3rd quarter. Barclays PLC now owns 12,428 shares of the bank’s stock valued at $65,000 after acquiring an additional 8,561 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Banco Santander (Brasil) in the third quarter valued at approximately $277,000. Wellington Management Group LLP increased its position in shares of Banco Santander (Brasil) by 49.2% in the third quarter. Wellington Management Group LLP now owns 1,137,946 shares of the bank’s stock valued at $5,986,000 after buying an additional 375,364 shares in the last quarter. Point72 Asset Management L.P. raised its stake in shares of Banco Santander (Brasil) by 43.7% during the 3rd quarter. Point72 Asset Management L.P. now owns 179,500 shares of the bank’s stock worth $944,000 after buying an additional 54,600 shares during the period. Finally, Verition Fund Management LLC purchased a new position in shares of Banco Santander (Brasil) during the 3rd quarter valued at approximately $101,000. Institutional investors and hedge funds own 14.53% of the company’s stock.

About Banco Santander (Brasil)

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.