Banco Santander (Brasil) S.A. (NYSE:BSBR) Short Interest Update

Banco Santander (Brasil) S.A. (NYSE:BSBR) was the target of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 1,240,000 shares, an increase of 32.7% from the November 15th total of 934,500 shares. Based on an average daily trading volume, of 350,400 shares, the short-interest ratio is presently 3.5 days.

Banco Santander (Brasil) Trading Down 2.4 %

BSBR stock traded down $0.10 during midday trading on Friday, reaching $4.04. The company had a trading volume of 339,679 shares, compared to its average volume of 452,805. The company has a 50 day moving average of $4.66 and a two-hundred day moving average of $5.06. Banco Santander has a 1 year low of $4.04 and a 1 year high of $6.66. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.25.

Banco Santander (Brasil) Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Monday, October 21st were paid 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

Hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of Banco Santander (Brasil) by 183.6% during the 3rd quarter. GAMMA Investing LLC now owns 9,751 shares of the bank’s stock worth $51,000 after acquiring an additional 6,313 shares during the period. Barclays PLC lifted its holdings in 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 purchasing an additional 8,561 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings 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 valued at $71,000 after purchasing an additional 4,387 shares during the last quarter. Walleye Capital LLC bought a new position in Banco Santander (Brasil) during the 3rd quarter valued at about $85,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in Banco Santander (Brasil) by 68.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,741 shares of the bank’s stock valued at $99,000 after acquiring an additional 7,608 shares in the last quarter. 14.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BSBR has been the subject of several recent analyst reports. JPMorgan Chase & Co. upgraded shares of Banco Santander (Brasil) from a “neutral” rating to an “overweight” rating and decreased their target price for the stock from $7.00 to $6.00 in a research report on Monday, November 25th. StockNews.com lowered shares of Banco Santander (Brasil) from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, Bank of America downgraded shares of Banco Santander (Brasil) from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 10th.

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.