Banco Santander (Brasil) (NYSE:BSBR) Stock Price Down 4.3% – Here’s What Happened

Shares of Banco Santander (Brasil) S.A. (NYSE:BSBR) traded down 4.3% on Wednesday . The stock traded as low as $4.38 and last traded at $4.41. 491,831 shares changed hands during trading, an increase of 10% from the average session volume of 448,543 shares. The stock had previously closed at $4.61.

Analyst Ratings Changes

Several research analysts have weighed in on the company. StockNews.com lowered Banco Santander (Brasil) from a “buy” rating to a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. upgraded Banco Santander (Brasil) from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $7.00 to $6.00 in a report on Monday.

Banco Santander (Brasil) Stock Performance

The business has a fifty day moving average price of $4.95 and a 200 day moving average price of $5.17. 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 declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, October 21st were issued a $0.0714 dividend. The ex-dividend date of this dividend was Monday, October 21st. This represents a $0.29 dividend on an annualized basis and a dividend yield of 6.52%.

Institutional Trading of Banco Santander (Brasil)

Institutional investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC bought a new stake in shares of Banco Santander (Brasil) in the second quarter valued at about $575,000. Robeco Institutional Asset Management B.V. increased its position in shares of Banco Santander (Brasil) by 107.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 378,361 shares of the bank’s stock valued at $1,990,000 after acquiring an additional 196,141 shares during the last quarter. American Century Companies Inc. increased its position in shares of Banco Santander (Brasil) by 8.5% in the second quarter. American Century Companies Inc. now owns 409,483 shares of the bank’s stock valued at $2,023,000 after acquiring an additional 32,238 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Banco Santander (Brasil) by 41.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,024 shares of the bank’s stock valued at $71,000 after acquiring an additional 4,387 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Banco Santander (Brasil) by 183.6% in the third quarter. GAMMA Investing LLC now owns 9,751 shares of the bank’s stock valued at $51,000 after acquiring an additional 6,313 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.