Banco Santander (Brasil) (NYSE:BSBR) Hits New 12-Month Low at $4.89

Banco Santander (Brasil) S.A. (NYSE:BSBR) hit a new 52-week low on Monday . The company traded as low as $4.89 and last traded at $4.91, with a volume of 101887 shares trading hands. The stock had previously closed at $4.94.

Wall Street Analyst Weigh In

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

Banco Santander (Brasil) Stock Performance

The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.17. The company has a 50 day simple moving average of $5.31 and a 200-day simple moving average of $5.68.

Banco Santander (Brasil) Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Tuesday, April 23rd were given a dividend of $0.0792 per share. This is a positive change from Banco Santander (Brasil)’s previous quarterly dividend of $0.06. This represents a $0.32 annualized dividend and a dividend yield of 6.53%. The ex-dividend date of this dividend was Monday, April 22nd.

Hedge Funds Weigh In On Banco Santander (Brasil)

A number of hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP acquired a new stake in Banco Santander (Brasil) in the fourth quarter worth $5,064,000. SPX Gestao de Recursos Ltda increased its holdings in shares of Banco Santander (Brasil) by 570.9% in the 4th quarter. SPX Gestao de Recursos Ltda now owns 715,921 shares of the bank’s stock worth $4,689,000 after acquiring an additional 609,216 shares during the period. Vinland Capital Management Gestora de Recursos LTDA. bought a new stake in Banco Santander (Brasil) in the 4th quarter valued at about $655,000. Jump Financial LLC boosted its stake in Banco Santander (Brasil) by 62.6% during the 4th quarter. Jump Financial LLC now owns 74,200 shares of the bank’s stock valued at $486,000 after purchasing an additional 28,564 shares during the period. Finally, Banco BTG Pactual S.A. bought a new position in Banco Santander (Brasil) in the 1st quarter worth about $79,000. 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.