Banco Santander (Brasil) (NYSE:BSBR) Sees Large Volume Increase – Should You Buy?

Banco Santander (Brasil) S.A. (NYSE:BSBR) shares saw unusually-high trading volume on Tuesday . Approximately 1,993,831 shares traded hands during mid-day trading, an increase of 78% from the previous session’s volume of 1,120,331 shares.The stock last traded at $4.08 and had previously closed at $3.97.

Wall Street Analysts Forecast Growth

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

Banco Santander (Brasil) Stock Up 2.5 %

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 firm’s fifty day moving average is $4.28 and its 200 day moving average is $4.92. The stock has a market cap of $15.15 billion, a P/E ratio of 5.43, a P/E/G ratio of 0.28 and a beta of 1.01.

Banco Santander (Brasil) Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Monday, October 21st were given a $0.0714 dividend. The ex-dividend date of this dividend was Monday, October 21st. This represents a $0.29 annualized dividend and a yield of 7.02%. Banco Santander (Brasil)’s dividend payout ratio is 4.00%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in Banco Santander (Brasil) by 767.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 30,419 shares of the bank’s stock valued at $160,000 after buying an additional 26,911 shares in the last quarter. Barclays PLC grew its stake in Banco Santander (Brasil) by 221.4% during the third 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. Public Employees Retirement System of Ohio acquired a new stake in shares of Banco Santander (Brasil) during the third quarter worth approximately $277,000. Wellington Management Group LLP boosted its holdings in shares of Banco Santander (Brasil) by 49.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,137,946 shares of the bank’s stock worth $5,986,000 after acquiring an additional 375,364 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its position in Banco Santander (Brasil) by 43.7% during the 3rd quarter. Point72 Asset Management L.P. now owns 179,500 shares of the bank’s stock worth $944,000 after acquiring an additional 54,600 shares during the last quarter. 14.53% of the stock is currently owned by institutional investors and hedge funds.

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.