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Banco Santander (Brasil) S.A. (NYSE:BSBR - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $5.43, but opened at $5.60. Banco Santander (Brasil) shares last traded at $5.63, with a volume of 327,783 shares.
Banco Santander (Brasil) Price Performance
The stock's fifty day simple moving average is $5.58 and its 200-day simple moving average is $5.86. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.17.
Banco Santander (Brasil) Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Tuesday, April 23rd will be issued a dividend of $0.0792 per share. This represents a $0.32 annualized dividend and a dividend yield of 5.70%. The ex-dividend date of this dividend is Monday, April 22nd. This is a boost from Banco Santander (Brasil)'s previous quarterly dividend of $0.06.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in BSBR. Signaturefd LLC increased its holdings in Banco Santander (Brasil) by 8.5% in the third quarter. Signaturefd LLC now owns 23,560 shares of the bank's stock valued at $121,000 after buying an additional 1,852 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Banco Santander (Brasil) by 15.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,721 shares of the bank's stock valued at $214,000 after buying an additional 4,359 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new position in Banco Santander (Brasil) in the third quarter valued at $52,000. Advisor Partners II LLC increased its holdings in Banco Santander (Brasil) by 30.5% in the third quarter. Advisor Partners II LLC now owns 19,367 shares of the bank's stock valued at $99,000 after buying an additional 4,526 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in Banco Santander (Brasil) in the third quarter valued at $234,000. Hedge funds and other institutional investors own 14.53% of the company's stock.
Banco Santander (Brasil) Company Profile
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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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