Banco Santander Brasil SA (NYSE:BSBR) Short Interest Up 68.3% in July

Key Points

• Banco Santander Brasil SA experienced a significant increase in short interest, rising by 68.3% in July, with total short interest reaching 2,020,000 shares as of July 31st.
• Analysts have mixed ratings for BSBR, with a consensus rating of "Hold" and a price target of $5.35, while Wall Street Zen downgraded the stock from "buy" to "hold."
• The company declared a dividend of $0.0655, an increase from the previous $0.05, resulting in a remarkable dividend yield of 526.0%.

Banco Santander Brasil SA (NYSE:BSBR - Get Free Report) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 2,020,000 shares, agrowthof68.3% from the July 15th total of 1,200,000 shares. Based on an average daily volume of 513,600 shares, the short-interest ratio is currently 3.9 days. Approximately0.1% of the company's shares are short sold. Approximately0.1% of the company's shares are short sold. Based on an average daily volume of 513,600 shares, the short-interest ratio is currently 3.9 days.

Analysts Set New Price Targets

A number of brokerages have issued reports on BSBR. Wall Street Zen lowered shares of Banco Santander Brasil from a "buy" rating to a "hold" rating in a report on Friday, July 18th. UBS Group raised shares of Banco Santander Brasil from a "neutral" rating to a "buy" rating in a research report on Wednesday, June 11th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $5.35.

Hedge Funds Weigh In On Banco Santander Brasil

A number of hedge funds have recently modified their holdings of BSBR. LPL Financial LLC purchased a new position in shares of Banco Santander Brasil in the fourth quarter worth $70,000. JPMorgan Chase & Co. increased its stake in Banco Santander Brasil by 290.9% in the 4th quarter. JPMorgan Chase & Co. now owns 118,916 shares of the bank's stock worth $465,000 after buying an additional 88,497 shares during the period. Invesco Ltd. increased its stake in Banco Santander Brasil by 53.6% in the 4th quarter. Invesco Ltd. now owns 173,964 shares of the bank's stock worth $680,000 after buying an additional 60,713 shares during the period. Barclays PLC grew its holdings in Banco Santander Brasil by 86.7% during the 4th quarter. Barclays PLC now owns 23,200 shares of the bank's stock worth $91,000 after acquiring an additional 10,772 shares in the last quarter. Finally, Mariner LLC grew its holdings in Banco Santander Brasil by 137.8% during the 4th quarter. Mariner LLC now owns 45,502 shares of the bank's stock worth $178,000 after acquiring an additional 26,364 shares in the last quarter. 14.53% of the stock is currently owned by institutional investors.

Banco Santander Brasil Stock Performance

Shares of BSBR stock traded up $0.06 during trading hours on Monday, reaching $5.05. The company had a trading volume of 499,839 shares, compared to its average volume of 554,394. The business has a fifty day moving average price of $5.11 and a 200-day moving average price of $4.93. Banco Santander Brasil has a one year low of $3.75 and a one year high of $5.77. The firm has a market cap of $18.78 billion, a PE ratio of 6.23, a price-to-earnings-growth ratio of 0.64 and a beta of 0.73. The company has a debt-to-equity ratio of 3.28, a quick ratio of 1.37 and a current ratio of 1.37.

Banco Santander Brasil Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, August 18th. Shareholders of record on Tuesday, July 22nd will be given a $0.0655 dividend. The ex-dividend date is Monday, July 21st. This is an increase from Banco Santander Brasil's previous dividend of $0.05. This represents a dividend yield of 526.0%. Banco Santander Brasil's dividend payout ratio (DPR) is currently 33.33%.

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.

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