Banco Santander (Brasil) (NYSE:BSBR) Sees Large Volume Increase – Still a Buy?

Banco Santander (Brasil) S.A. (NYSE:BSBR) shares saw strong trading volume on Wednesday . 1,537,827 shares were traded during mid-day trading, an increase of 239% from the previous session’s volume of 453,368 shares.The stock last traded at $4.86 and had previously closed at $4.84.

Banco Santander (Brasil) Stock Down 3.2 %

The stock has a 50 day moving average of $5.33 and a two-hundred day moving average of $5.28.

Banco Santander (Brasil) Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Monday, October 21st will be paid a dividend of $0.0714 per share. The ex-dividend date of this dividend is Monday, October 21st. This represents a $0.29 dividend on an annualized basis and a dividend yield of 6.24%.

Institutional Trading of Banco Santander (Brasil)

A number of institutional investors have recently added to or reduced their stakes in BSBR. Marshall Wace LLP boosted its stake in shares of Banco Santander (Brasil) by 44.0% during 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 in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Banco Santander (Brasil) by 107.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 378,361 shares of the bank’s stock valued at $1,990,000 after purchasing an additional 196,141 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Banco Santander (Brasil) in the second quarter valued at $575,000. Longfellow Investment Management Co. LLC raised its stake in shares of Banco Santander (Brasil) by 220.2% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 120,528 shares of the bank’s stock worth $595,000 after buying an additional 82,890 shares during the last quarter. Finally, Frank Rimerman Advisors LLC acquired a new position in shares of Banco Santander (Brasil) during the 2nd quarter worth $218,000. Hedge funds and other institutional investors 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.