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 significant growth in short interest during the month of 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 presently 3.9 days. Currently,0.1% of the company's stock are sold short. Currently,0.1% of the company's stock are sold short. Based on an average daily volume of 513,600 shares, the short-interest ratio is presently 3.9 days.

Banco Santander Brasil Stock Up 3.8%

NYSE BSBR traded up $0.1850 during trading on Friday, hitting $5.0250. The company's stock had a trading volume of 472,196 shares, compared to its average volume of 615,864. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market cap of $18.70 billion, a PE ratio of 6.20, a P/E/G ratio of 0.62 and a beta of 0.73. The business's 50 day simple moving average is $5.07 and its 200-day simple moving average is $4.93. Banco Santander Brasil has a fifty-two week low of $3.75 and a fifty-two week high of $5.77.

Banco Santander Brasil Increases Dividend

The company also recently announced a dividend, which was paid on Monday, August 18th. Investors of record on Tuesday, July 22nd were issued a dividend of $0.0655 per share. This represents a dividend yield of 526.0%. This is a positive change from Banco Santander Brasil's previous dividend of $0.05. The ex-dividend date of this dividend was Monday, July 21st. Banco Santander Brasil's dividend payout ratio is presently 33.33%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Wall Street Zen lowered Banco Santander Brasil from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. UBS Group upgraded Banco Santander Brasil from a "neutral" rating to a "buy" rating in a research note on Wednesday, June 11th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $5.35.

Institutional Investors Weigh In On Banco Santander Brasil

A number of institutional investors and hedge funds have recently modified their holdings of BSBR. Wellington Management Group LLP lifted its holdings in shares of Banco Santander Brasil by 74.0% during the first quarter. Wellington Management Group LLP now owns 1,606,117 shares of the bank's stock worth $7,565,000 after purchasing an additional 683,045 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in shares of Banco Santander Brasil during the fourth quarter worth about $983,000. Marshall Wace LLP lifted its holdings in shares of Banco Santander Brasil by 35.1% during the fourth quarter. Marshall Wace LLP now owns 750,403 shares of the bank's stock worth $2,934,000 after purchasing an additional 194,984 shares during the period. American Century Companies Inc. lifted its holdings in shares of Banco Santander Brasil by 21.2% during the second quarter. American Century Companies Inc. now owns 744,630 shares of the bank's stock worth $4,058,000 after purchasing an additional 130,366 shares during the period. Finally, Cordatus Wealth Management LLC acquired a new stake in shares of Banco Santander Brasil during the first quarter worth about $611,000. Institutional investors and hedge funds own 14.53% of the company's stock.

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.