Banco Santander (Brasil) (NYSE:BSBR) Sets New 1-Year Low – What’s Next?

Banco Santander (Brasil) S.A. (NYSE:BSBR)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $3.75 and last traded at $3.78, with a volume of 804960 shares changing hands. The stock had previously closed at $4.04.

Analyst Upgrades and Downgrades

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

Banco Santander (Brasil) Stock Up 4.4 %

The stock’s fifty day moving average price is $4.54 and its 200 day moving average price is $5.01. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.25. The stock has a market cap of $14.96 billion, a P/E ratio of 5.36, a price-to-earnings-growth ratio of 0.28 and a beta of 1.02.

Banco Santander (Brasil) Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, October 21st were paid a $0.0714 dividend. The ex-dividend date of this dividend was Monday, October 21st. This represents a $0.29 dividend on an annualized basis and a dividend yield of 7.11%. Banco Santander (Brasil)’s dividend payout ratio (DPR) is 4.00%.

Hedge Funds Weigh In On Banco Santander (Brasil)

A number of large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its stake in shares of Banco Santander (Brasil) by 183.6% during the third quarter. GAMMA Investing LLC now owns 9,751 shares of the bank’s stock valued at $51,000 after buying an additional 6,313 shares during the last quarter. Barclays PLC boosted its holdings in 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 acquiring an additional 8,561 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in Banco Santander (Brasil) by 41.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,024 shares of the bank’s stock worth $71,000 after acquiring an additional 4,387 shares during the last quarter. Walleye Capital LLC purchased a new position in Banco Santander (Brasil) in the 3rd quarter worth approximately $85,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Banco Santander (Brasil) by 68.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,741 shares of the bank’s stock valued at $99,000 after purchasing an additional 7,608 shares during the last quarter. 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.