Banco Santander Brasil SA (NYSE:BSBR) Sees Large Decline in Short Interest

Banco Santander Brasil SA (NYSE:BSBR - Get Free Report) was the recipient of a significant drop in short interest in May. As of May 31st, there was short interest totalling 695,900 shares, a drop of 35.6% from the May 15th total of 1,080,000 shares. Based on an average daily volume of 537,400 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.0% of the company's stock are sold short.

Banco Santander Brasil Stock Performance

Banco Santander Brasil stock traded down $0.01 during midday trading on Thursday, reaching $5.44. 364,836 shares of the company's stock were exchanged, compared to its average volume of 484,952. The stock's 50-day simple moving average is $5.13 and its 200 day simple moving average is $4.63. The firm has a market cap of $20.26 billion, a price-to-earnings ratio of 6.72, a P/E/G ratio of 0.69 and a beta of 0.76. The company has a debt-to-equity ratio of 3.33, a quick ratio of 1.55 and a current ratio of 1.55. Banco Santander Brasil has a 52 week low of $3.75 and a 52 week high of $5.77.

Banco Santander Brasil Cuts Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Wall Street Zen upgraded Banco Santander Brasil from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. UBS Group raised shares of Banco Santander Brasil from a "neutral" rating to a "buy" rating in a research report on Wednesday, June 11th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Banco Santander Brasil has an average rating of "Moderate Buy" and an average price target of $5.35.

Hedge Funds Weigh In On Banco Santander Brasil

Several large investors have recently modified their holdings of the stock. Signaturefd LLC raised 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 acquiring an additional 1,986 shares during the period. R Squared Ltd increased its stake in shares of Banco Santander Brasil by 37.6% during the first quarter. R Squared Ltd now owns 24,590 shares of the bank's stock worth $116,000 after purchasing an additional 6,720 shares during the period. GAMMA Investing LLC lifted its holdings in Banco Santander Brasil by 89.8% during the 1st quarter. GAMMA Investing LLC now owns 15,884 shares of the bank's stock worth $75,000 after purchasing an additional 7,514 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Banco Santander Brasil during the 4th quarter worth approximately $37,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Banco Santander Brasil in the 1st quarter valued at $46,000. 14.53% of the stock is owned by institutional investors.

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.