Banco Santander (Brasil) (NYSE:BSBR) Sees Strong Trading Volume – What’s Next?

Banco Santander (Brasil) S.A. (NYSE:BSBR) shares saw strong trading volume on Tuesday . 1,993,831 shares changed hands during mid-day trading, an increase of 78% from the previous session’s volume of 1,120,331 shares.The stock last traded at $4.08 and had previously closed at $3.97.

Wall Street Analysts Forecast Growth

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

Banco Santander (Brasil) Price Performance

The stock has a market cap of $14.96 billion, a price-to-earnings ratio of 5.36, a PEG ratio of 0.28 and a beta of 1.01. The company’s 50 day moving average is $4.25 and its 200 day moving average is $4.91. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.30 and a quick ratio of 0.30.

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 given a $0.0714 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 7.11%. The ex-dividend date was Monday, October 21st. Banco Santander (Brasil)’s dividend payout ratio is currently 4.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. American Century Companies Inc. raised its stake in Banco Santander (Brasil) by 8.5% in the 2nd quarter. American Century Companies Inc. now owns 409,483 shares of the bank’s stock valued at $2,023,000 after purchasing an additional 32,238 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Banco Santander (Brasil) by 11.5% in the second quarter. Dimensional Fund Advisors LP now owns 30,067 shares of the bank’s stock valued at $149,000 after buying an additional 3,098 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Banco Santander (Brasil) by 41.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,024 shares of the bank’s stock valued at $71,000 after buying an additional 4,387 shares during the period. Frank Rimerman Advisors LLC acquired a new stake in Banco Santander (Brasil) during the second quarter worth approximately $218,000. Finally, Marshall Wace LLP grew its stake in Banco Santander (Brasil) by 44.0% in the 2nd quarter. Marshall Wace LLP now owns 1,099,003 shares of the bank’s stock worth $5,429,000 after acquiring an additional 335,915 shares during the period. 14.53% of the stock is owned by hedge funds and other institutional investors.

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.