Banco Santander (Brasil) S.A. (NYSE:BSBR) Sees Significant Decrease in Short Interest

Banco Santander (Brasil) S.A. (NYSE:BSBR) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 448,400 shares, a drop of 58.5% from the May 31st total of 1,080,000 shares. Based on an average daily trading volume, of 530,000 shares, the short-interest ratio is currently 0.8 days.

Analyst Upgrades and Downgrades

Separately, Bank of America upgraded shares of Banco Santander (Brasil) from a “neutral” rating to a “buy” rating in a report on Monday, May 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.60.

Banco Santander (Brasil) Stock Down 2.2 %

Banco Santander (Brasil) stock traded down $0.11 during midday trading on Friday, reaching $4.94. The stock had a trading volume of 380,479 shares, compared to its average volume of 491,372. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.26 and a quick ratio of 0.26. The stock’s 50-day simple moving average is $5.32 and its 200 day simple moving average is $5.70. Banco Santander has a twelve month low of $4.90 and a twelve month high of $6.66.

Banco Santander (Brasil) Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Tuesday, April 23rd were issued a dividend of $0.0792 per share. The ex-dividend date of this dividend was Monday, April 22nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.41%. This is a boost from Banco Santander (Brasil)’s previous quarterly dividend of $0.06.

Institutional Trading of Banco Santander (Brasil)

A number of institutional investors and hedge funds have recently bought and sold shares of BSBR. Parallel Advisors LLC grew its stake in Banco Santander (Brasil) by 63.5% during the fourth quarter. Parallel Advisors LLC now owns 6,522 shares of the bank’s stock worth $43,000 after buying an additional 2,533 shares during the period. Signaturefd LLC increased its holdings in Banco Santander (Brasil) by 10.8% in the 4th quarter. Signaturefd LLC now owns 26,104 shares of the bank’s stock valued at $171,000 after purchasing an additional 2,544 shares in the last quarter. Ballentine Partners LLC raised its position in Banco Santander (Brasil) by 24.3% in the first quarter. Ballentine Partners LLC now owns 16,137 shares of the bank’s stock valued at $92,000 after purchasing an additional 3,156 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Banco Santander (Brasil) by 15.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,721 shares of the bank’s stock worth $214,000 after purchasing an additional 4,359 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of Banco Santander (Brasil) by 220.0% during the first quarter. BNP Paribas Financial Markets now owns 7,095 shares of the bank’s stock worth $41,000 after purchasing an additional 4,878 shares in the last quarter. Institutional investors and hedge funds own 14.53% of the company’s stock.

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.