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

Banco Santander (Brasil) S.A. (NYSE:BSBR) shares saw an uptick in trading volume on Wednesday . 639,969 shares traded hands during trading, a decline of 23% from the previous session’s volume of 832,923 shares.The stock last traded at $4.27 and had previously closed at $4.18.

Analyst Upgrades and Downgrades

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

Banco Santander (Brasil) Stock Up 2.5 %

The company has a debt-to-equity ratio of 0.25, a current ratio of 0.30 and a quick ratio of 0.30. The firm’s 50-day simple moving average is $4.15 and its two-hundred day simple moving average is $4.85.

Banco Santander (Brasil) Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Friday, January 24th will be given a $0.066 dividend. The ex-dividend date is Friday, January 24th. This represents a $0.26 dividend on an annualized basis and a yield of 6.16%.

Institutional Trading of Banco Santander (Brasil)

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BSBR. GAMMA Investing LLC boosted its stake in shares of Banco Santander (Brasil) by 183.6% in the 3rd quarter. GAMMA Investing LLC now owns 9,751 shares of the bank’s stock valued at $51,000 after purchasing an additional 6,313 shares during the last quarter. Barclays PLC lifted its holdings in Banco Santander (Brasil) by 221.4% in the third quarter. Barclays PLC now owns 12,428 shares of the bank’s stock valued at $65,000 after buying an additional 8,561 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in Banco Santander (Brasil) by 41.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,024 shares of the bank’s stock valued at $71,000 after acquiring an additional 4,387 shares during the last quarter. Walleye Capital LLC acquired a new stake in Banco Santander (Brasil) during the 3rd quarter worth $85,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Banco Santander (Brasil) by 68.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,741 shares of the bank’s stock valued at $99,000 after acquiring an additional 7,608 shares during the last quarter. 14.53% of the stock is currently owned by institutional investors and hedge funds.

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.