Banco Santander Brasil (NYSE:BSBR) Shares Gap Down - Should You Sell?

Banco Santander Brasil SA (NYSE:BSBR - Get Free Report)'s share price gapped down prior to trading on Thursday . The stock had previously closed at $5.27, but opened at $5.11. Banco Santander Brasil shares last traded at $5.09, with a volume of 184,716 shares traded.

Analyst Upgrades and Downgrades

BSBR has been the subject of several recent research reports. UBS Group raised shares of Banco Santander Brasil from a "neutral" rating to a "buy" rating in a research note on Wednesday, June 11th. Wall Street Zen raised shares of Banco Santander Brasil from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $5.35.

Banco Santander Brasil Trading Down 1.6%

The stock has a market capitalization of $18.68 billion, a P/E ratio of 6.20, a P/E/G ratio of 0.67 and a beta of 0.76. The firm's 50 day moving average price is $5.30 and its 200 day moving average price is $4.77. The company has a debt-to-equity ratio of 3.33, a current ratio of 1.55 and a quick ratio of 1.55.

Banco Santander Brasil Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, May 19th. Stockholders of record on Thursday, April 24th were paid a dividend of $0.0463 per share. This represents a dividend yield of 3.97%. The ex-dividend date was Wednesday, April 23rd. Banco Santander Brasil's dividend payout ratio (DPR) is 22.22%.

Hedge Funds Weigh In On Banco Santander Brasil

Several hedge funds and other institutional investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC bought a new position in Banco Santander Brasil in the first quarter worth about $46,000. Vident Advisory LLC bought a new position in Banco Santander Brasil in the first quarter worth about $50,000. Wellington Management Group LLP raised its stake in Banco Santander Brasil by 74.0% in the first quarter. Wellington Management Group LLP now owns 1,606,117 shares of the bank's stock worth $7,565,000 after buying an additional 683,045 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Banco Santander Brasil in the first quarter worth about $71,000. Finally, American Century Companies Inc. grew its holdings in Banco Santander Brasil by 11.9% in the first quarter. American Century Companies Inc. now owns 614,264 shares of the bank's stock worth $2,893,000 after purchasing an additional 65,333 shares during the period. 14.53% of the stock is owned by institutional investors.

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.