Banco Santander (Brasil) (NYSE:BSBR) Reaches New 52-Week Low – Here’s Why

Banco Santander (Brasil) S.A. (NYSE:BSBR)’s stock price hit a new 52-week low during trading on Friday . The company traded as low as $4.04 and last traded at $4.05, with a volume of 315338 shares traded. The stock had previously closed at $4.14.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Bank of America downgraded shares of Banco Santander (Brasil) from a “buy” rating to a “neutral” rating in a research note on Tuesday. StockNews.com cut Banco Santander (Brasil) from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. raised Banco Santander (Brasil) from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $7.00 to $6.00 in a research note on Monday, November 25th.

Banco Santander (Brasil) Stock Performance

The business’s fifty day simple moving average is $4.69 and its 200-day simple moving average is $5.07. 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 firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Monday, October 21st were issued a dividend of $0.0714 per share. The ex-dividend date was Monday, October 21st. This represents a $0.29 dividend on an annualized basis and a yield of 7.07%.

Hedge Funds Weigh In On Banco Santander (Brasil)

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC boosted its stake in shares of Banco Santander (Brasil) by 221.4% during the 3rd quarter. Barclays PLC now owns 12,428 shares of the bank’s stock valued at $65,000 after purchasing an additional 8,561 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Banco Santander (Brasil) during the 3rd quarter valued at approximately $277,000. Wellington Management Group LLP grew its holdings in shares of Banco Santander (Brasil) by 49.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,137,946 shares of the bank’s stock worth $5,986,000 after acquiring an additional 375,364 shares during the period. Point72 Asset Management L.P. grew its holdings in shares of Banco Santander (Brasil) by 43.7% during the 3rd quarter. Point72 Asset Management L.P. now owns 179,500 shares of the bank’s stock worth $944,000 after acquiring an additional 54,600 shares during the period. Finally, Verition Fund Management LLC bought a new position in shares of Banco Santander (Brasil) in the 3rd quarter worth approximately $101,000. Institutional investors 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.