Banco Santander (Brasil) (NYSE:BSBR) Shares Down 2.2%

Banco Santander (Brasil) S.A. (NYSE:BSBR)’s stock price traded down 2.2% on Friday . The company traded as low as $4.94 and last traded at $4.94. 16,555 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 553,472 shares. The stock had previously closed at $5.05.

Wall Street Analyst Weigh In

Separately, Bank of America upgraded shares of Banco Santander (Brasil) from a “neutral” rating to a “buy” rating in a research report on Monday, May 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Banco Santander (Brasil) presently has an average rating of “Hold” and an average price target of $5.60.

Banco Santander (Brasil) Price Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 0.26 and a quick ratio of 0.26. The business has a fifty day simple moving average of $5.33 and a 200 day simple moving average of $5.71.

Banco Santander (Brasil) Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Tuesday, April 23rd were paid a dividend of $0.0792 per share. This represents a $0.32 annualized dividend and a dividend yield of 6.37%. The ex-dividend date of this dividend was Monday, April 22nd. This is an increase from Banco Santander (Brasil)’s previous quarterly dividend of $0.06.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vinland Capital Management Gestora de Recursos LTDA. acquired a new position in Banco Santander (Brasil) in the 4th quarter valued at about $655,000. Parallel Advisors LLC raised its stake in Banco Santander (Brasil) by 63.5% in the 4th quarter. Parallel Advisors LLC now owns 6,522 shares of the bank’s stock valued at $43,000 after purchasing an additional 2,533 shares during the last quarter. SPX Gestao de Recursos Ltda raised its stake in Banco Santander (Brasil) by 570.9% in the 4th quarter. SPX Gestao de Recursos Ltda now owns 715,921 shares of the bank’s stock valued at $4,689,000 after purchasing an additional 609,216 shares during the last quarter. Jump Financial LLC raised its stake in Banco Santander (Brasil) by 62.6% in the 4th quarter. Jump Financial LLC now owns 74,200 shares of the bank’s stock valued at $486,000 after purchasing an additional 28,564 shares during the last quarter. Finally, Ballentine Partners LLC raised its stake in Banco Santander (Brasil) by 24.3% in the 1st quarter. Ballentine Partners LLC now owns 16,137 shares of the bank’s stock valued at $92,000 after purchasing an additional 3,156 shares during the last quarter. Institutional investors and hedge funds 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.