Banco Santander (Brasil) S.A. (NYSE:BSBR) Short Interest Down 60.0% in May

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new stake in Banco Santander (Brasil) in the 4th quarter valued at approximately $37,000. Signaturefd LLC grew its holdings in Banco Santander (Brasil) by 25.2% in the 1st quarter. Signaturefd LLC now owns 9,872 shares of the bank's stock valued at $46,000 after buying an additional 1,986 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Banco Santander (Brasil) in the 1st quarter valued at approximately $46,000. EntryPoint Capital LLC acquired a new stake in Banco Santander (Brasil) in the 4th quarter valued at approximately $47,000. Finally, Vident Advisory LLC acquired a new stake in Banco Santander (Brasil) in the 1st quarter valued at approximately $50,000. Institutional investors and hedge funds own 14.53% of the company's stock.

Banco Santander (Brasil) Stock Down 0.1%

Shares of BSBR traded down $0.01 during midday trading on Monday, reaching $5.20. 397,952 shares of the stock were exchanged, compared to its average volume of 482,803. Banco Santander has a 12-month low of $3.75 and a 12-month high of $5.77. The firm has a 50 day simple moving average of $4.97 and a 200-day simple moving average 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. The company has a market cap of $19.34 billion, a price-to-earnings ratio of 6.41, a P/E/G ratio of 0.73 and a beta of 0.76.

Banco Santander (Brasil) Cuts Dividend

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

Analysts Set New Price Targets

BSBR has been the subject of several analyst reports. Wall Street Zen raised Banco Santander (Brasil) from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. The Goldman Sachs Group raised Banco Santander (Brasil) from a "sell" rating to a "neutral" rating and upped their target price for the company from $4.20 to $4.70 in a report on Wednesday, February 12th.

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.