Banco Santander (Brasil) (NYSE:BSBR) Sets New 52-Week Low – Here’s What Happened

Shares of Banco Santander (Brasil) S.A. (NYSE:BSBR) hit a new 52-week low during trading on Monday . The stock traded as low as $4.45 and last traded at $4.47, with a volume of 21760 shares changing hands. The stock had previously closed at $4.49.

Banco Santander (Brasil) Price Performance

The company has a debt-to-equity ratio of 0.25, a current ratio of 0.30 and a quick ratio of 0.30. The company’s 50 day simple moving average is $5.11 and its 200 day simple moving average is $5.23.

Banco Santander (Brasil) Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Monday, October 21st will be issued a $0.0714 dividend. The ex-dividend date is Monday, October 21st. This represents a $0.29 annualized dividend and a yield of 6.43%.

Institutional Investors Weigh In On Banco Santander (Brasil)

A number of hedge funds and other institutional investors have recently modified their holdings of BSBR. BNP Paribas Financial Markets increased its holdings in Banco Santander (Brasil) by 220.0% in the first quarter. BNP Paribas Financial Markets now owns 7,095 shares of the bank’s stock valued at $41,000 after buying an additional 4,878 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Banco Santander (Brasil) by 183.6% during the 3rd quarter. GAMMA Investing LLC now owns 9,751 shares of the bank’s stock worth $51,000 after acquiring an additional 6,313 shares in the last quarter. Barclays PLC lifted 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 purchasing an additional 8,561 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Banco Santander (Brasil) by 41.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,024 shares of the bank’s stock valued at $71,000 after purchasing an additional 4,387 shares in the last quarter. Finally, Walleye Capital LLC acquired a new stake in Banco Santander (Brasil) during the third quarter worth approximately $85,000. 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.