Banco Santander (Brasil) S.A. (NYSE:BSBR) Sees Large Decline in Short Interest

Banco Santander (Brasil) S.A. (NYSE:BSBR - Get Free Report) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 1,080,000 shares, a decline of 60.0% from the April 30th total of 2,700,000 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 545,200 shares, the short-interest ratio is presently 2.0 days.

Banco Santander (Brasil) Stock Performance

BSBR stock traded down $0.08 during trading on Friday, hitting $5.21. The company had a trading volume of 263,799 shares, compared to its average volume of 490,003. The firm has a market cap of $19.39 billion, a PE ratio of 6.43, a price-to-earnings-growth ratio of 0.73 and a beta of 0.76. Banco Santander has a 1-year low of $3.75 and a 1-year high of $5.77. The firm has a 50-day moving average price of $4.96 and a 200-day moving average price of $4.56. 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 business also recently declared a dividend, which was paid on Monday, May 19th. Investors of record on Thursday, April 24th were given a $0.0463 dividend. This represents a yield of 3.97%. The ex-dividend date was Wednesday, April 23rd. Banco Santander (Brasil)'s dividend payout ratio (DPR) is presently 22.22%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Wall Street Zen upgraded shares of Banco Santander (Brasil) from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. The Goldman Sachs Group upgraded Banco Santander (Brasil) from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $4.20 to $4.70 in a research report on Wednesday, February 12th.

Hedge Funds Weigh In On Banco Santander (Brasil)

Several institutional investors have recently added to or reduced their stakes in BSBR. JPMorgan Chase & Co. increased its position in Banco Santander (Brasil) by 767.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,419 shares of the bank's stock worth $160,000 after purchasing an additional 26,911 shares during the period. Invesco Ltd. increased its position in Banco Santander (Brasil) by 53.6% during the 4th quarter. Invesco Ltd. now owns 173,964 shares of the bank's stock worth $680,000 after purchasing an additional 60,713 shares during the period. BNP Paribas Financial Markets increased its position in Banco Santander (Brasil) by 67.3% during the 4th quarter. BNP Paribas Financial Markets now owns 71,216 shares of the bank's stock worth $278,000 after purchasing an additional 28,658 shares during the period. SBI Securities Co. Ltd. acquired a new position in Banco Santander (Brasil) during the 4th quarter worth approximately $37,000. Finally, Dimensional Fund Advisors LP increased its position in Banco Santander (Brasil) by 99.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 52,212 shares of the bank's stock worth $204,000 after purchasing an additional 25,985 shares during the period. Institutional investors and hedge funds own 14.53% of the company's stock.

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.