Banco Santander (Brasil) S.A. (NYSE:BSBR) Sees Significant Decrease in Short Interest

Banco Santander (Brasil) S.A. (NYSE:BSBR) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totalling 448,400 shares, a drop of 58.5% from the May 31st total of 1,080,000 shares. Based on an average daily volume of 530,000 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Investors Weigh In On Banco Santander (Brasil)

Several hedge funds have recently bought and sold shares of BSBR. Wellington Management Group LLP acquired a new stake in shares of Banco Santander (Brasil) in the fourth quarter valued at approximately $5,064,000. SPX Gestao de Recursos Ltda boosted its position in Banco Santander (Brasil) by 570.9% during the fourth quarter. SPX Gestao de Recursos Ltda now owns 715,921 shares of the bank’s stock worth $4,689,000 after purchasing an additional 609,216 shares during the period. Vinland Capital Management Gestora de Recursos LTDA. acquired a new position in shares of Banco Santander (Brasil) in the fourth quarter valued at $655,000. Jump Financial LLC raised its position in shares of Banco Santander (Brasil) by 62.6% in the fourth 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 period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Banco Santander (Brasil) by 15.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,721 shares of the bank’s stock worth $214,000 after buying an additional 4,359 shares during the last quarter. 14.53% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander (Brasil) Trading Down 2.2 %

Shares of BSBR traded down $0.11 during midday trading on Friday, hitting $4.94. The stock had a trading volume of 380,479 shares, compared to its average volume of 491,372. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.26 and a current ratio of 0.26. The company has a 50 day simple moving average of $5.32 and a two-hundred day simple moving average of $5.70. Banco Santander has a twelve month low of $4.90 and a twelve month high of $6.66.

Banco Santander (Brasil) Increases Dividend

The company also recently disclosed 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. The ex-dividend date was Monday, April 22nd. This is a positive change from Banco Santander (Brasil)’s previous quarterly dividend of $0.06. This represents a $0.32 annualized dividend and a dividend yield of 6.41%.

Wall Street Analysts Forecast Growth

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

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.