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

Banco Santander (Brasil) S.A. (NYSE:BSBR) saw a significant decrease in short interest in May. As of May 31st, there was short interest totalling 695,900 shares, a decrease of 35.6% from the May 15th total of 1,080,000 shares. Based on an average trading volume of 537,400 shares, the short-interest ratio is presently 1.3 days. Approximately 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

BSBR has been the subject of several recent research reports. Wall Street Zen upgraded Banco Santander (Brasil) from a “hold” rating to a “buy” rating in a report on Thursday, May 22nd. UBS Group upgraded shares of Banco Santander (Brasil) from a “neutral” rating to a “buy” rating in a research report on Wednesday, June 11th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $5.35.

Institutional Trading of Banco Santander (Brasil)

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its position in shares of Banco Santander (Brasil) by 74.0% during the 1st quarter. Wellington Management Group LLP now owns 1,606,117 shares of the bank’s stock valued at $7,565,000 after acquiring an additional 683,045 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of Banco Santander (Brasil) during the fourth quarter valued at $983,000. Marshall Wace LLP increased its stake in Banco Santander (Brasil) by 35.1% in the 4th quarter. Marshall Wace LLP now owns 750,403 shares of the bank’s stock worth $2,934,000 after purchasing an additional 194,984 shares in the last quarter. Cordatus Wealth Management LLC acquired a new stake in Banco Santander (Brasil) during the 1st quarter worth about $611,000. Finally, Bank of America Corp DE lifted its stake in Banco Santander (Brasil) by 92.3% during the fourth quarter. Bank of America Corp DE now owns 256,119 shares of the bank’s stock valued at $1,001,000 after buying an additional 122,924 shares in the last quarter. 14.53% of the stock is owned by institutional investors and hedge funds.

Banco Santander (Brasil) Price Performance

BSBR stock traded down $0.06 during trading on Tuesday, hitting $5.42. The company had a trading volume of 199,718 shares, compared to its average volume of 630,927. Banco Santander has a fifty-two week low of $3.75 and a fifty-two week high of $5.77. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $20.16 billion, a price-to-earnings ratio of 6.69, a P/E/G ratio of 0.73 and a beta of 0.76. The business has a 50 day moving average of $5.10 and a 200 day moving average of $4.62.

Banco Santander (Brasil) Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, May 19th. Investors of record on Thursday, April 24th were issued a $0.0463 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a dividend yield of 3.97%. Banco Santander (Brasil)’s payout ratio is currently 22.22%.

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.