Banco Santander (Brasil) (NYSE:BSBR) Shares Gap Down – What’s Next?

Banco Santander (Brasil) S.A. (NYSE:BSBR)’s share price gapped down prior to trading on Friday . The stock had previously closed at $4.81, but opened at $4.68. Banco Santander (Brasil) shares last traded at $4.74, with a volume of 335,294 shares.

Wall Street Analyst Weigh In

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

Banco Santander (Brasil) Stock Down 2.4 %

The business has a fifty day moving average of $4.14 and a two-hundred day moving average of $4.80. 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 will be paid on Monday, February 24th. Shareholders of record on Friday, January 24th will be issued a dividend of $0.066 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 5.62%.

Institutional Investors Weigh In On Banco Santander (Brasil)

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. purchased a new position in Banco Santander (Brasil) in the fourth quarter worth approximately $37,000. GAMMA Investing LLC grew its position in Banco Santander (Brasil) by 183.6% in the third 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 grew its position in Banco Santander (Brasil) by 221.4% in the third quarter. Barclays PLC now owns 12,428 shares of the bank’s stock worth $65,000 after acquiring an additional 8,561 shares during the period. R Squared Ltd purchased a new position in Banco Santander (Brasil) in the fourth quarter worth approximately $70,000. Finally, Walleye Capital LLC purchased a new position in Banco Santander (Brasil) in the third quarter worth approximately $85,000. 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.