Banco Santander (Brasil) (NYSE:BSBR) Hits New 52-Week Low – Time to Sell?

Banco Santander (Brasil) S.A. (NYSE:BSBR) reached a new 52-week low during mid-day trading on Thursday . The company 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. JPMorgan Chase & Co. upgraded shares of Banco Santander (Brasil) from a “neutral” rating to an “overweight” rating and lowered their price objective for the stock from $7.00 to $6.00 in a research note on Monday, November 25th. StockNews.com downgraded shares of Banco Santander (Brasil) from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, Bank of America lowered Banco Santander (Brasil) from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 10th.

Banco Santander (Brasil) Trading Down 6.4 %

The stock’s fifty day simple moving average is $4.59 and its two-hundred day simple moving average is $5.03. The firm has a market cap of $14.07 billion, a PE ratio of 5.04, a PEG ratio of 0.28 and a beta of 1.02. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.25.

Banco Santander (Brasil) Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Monday, October 21st were given a dividend of $0.0714 per share. This represents a $0.29 annualized dividend and a dividend yield of 7.56%. The ex-dividend date was Monday, October 21st. Banco Santander (Brasil)’s dividend payout ratio is currently 4.00%.

Institutional Investors Weigh In On Banco Santander (Brasil)

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Longfellow Investment Management Co. LLC increased its position in shares of Banco Santander (Brasil) by 220.2% during the second quarter. Longfellow Investment Management Co. LLC now owns 120,528 shares of the bank’s stock worth $595,000 after purchasing an additional 82,890 shares in the last quarter. American Century Companies Inc. increased its position in shares of Banco Santander (Brasil) by 8.5% in the second quarter. American Century Companies Inc. now owns 409,483 shares of the bank’s stock valued at $2,023,000 after buying an additional 32,238 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Banco Santander (Brasil) by 11.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 30,067 shares of the bank’s stock worth $149,000 after buying an additional 3,098 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in 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 valued at $71,000 after acquiring an additional 4,387 shares during the last quarter. Finally, Frank Rimerman Advisors LLC purchased a new stake in shares of Banco Santander (Brasil) in the second quarter valued at about $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.