Banco Santander (Brasil) S.A. (NYSE:BSBR) Short Interest Up 32.7% in November

Banco Santander (Brasil) S.A. (NYSE:BSBR) was the recipient of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 1,240,000 shares, a growth of 32.7% from the November 15th total of 934,500 shares. Based on an average daily trading volume, of 350,400 shares, the short-interest ratio is presently 3.5 days.

Banco Santander (Brasil) Stock Down 2.4 %

BSBR stock traded down $0.10 during trading on Friday, reaching $4.04. The stock had a trading volume of 339,679 shares, compared to its average volume of 452,805. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a fifty day moving average price of $4.66 and a 200 day moving average price of $5.06. Banco Santander has a 1-year low of $4.04 and a 1-year high of $6.66.

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 $0.0714 dividend. This represents a $0.29 dividend on an annualized basis and a yield of 7.07%. The ex-dividend date was Monday, October 21st.

Institutional Investors Weigh In On Banco Santander (Brasil)

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its position 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 worth $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% during the 3rd quarter. Barclays PLC now owns 12,428 shares of the bank’s stock worth $65,000 after buying an additional 8,561 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Banco Santander (Brasil) by 41.2% in 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 in the last quarter. Walleye Capital LLC acquired a new position in shares of Banco Santander (Brasil) in the 3rd quarter worth approximately $85,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Banco Santander (Brasil) by 68.3% in 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 hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.