Banco Santander (Brasil) S.A. (NYSE:BSBR) Sees Significant Increase in Short Interest

Banco Santander (Brasil) S.A. (NYSE:BSBR) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totalling 635,100 shares, an increase of 8.5% from the July 15th total of 585,100 shares. Based on an average daily volume of 470,400 shares, the days-to-cover ratio is currently 1.4 days.

Hedge Funds Weigh In On Banco Santander (Brasil)

Institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC increased its position in Banco Santander (Brasil) by 63.5% in the 4th quarter. Parallel Advisors LLC now owns 6,522 shares of the bank’s stock valued at $43,000 after acquiring an additional 2,533 shares during the period. Signaturefd LLC increased its holdings in shares of Banco Santander (Brasil) by 10.8% during the fourth quarter. Signaturefd LLC now owns 26,104 shares of the bank’s stock valued at $171,000 after purchasing an additional 2,544 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Banco Santander (Brasil) by 11.5% during the second quarter. Dimensional Fund Advisors LP now owns 30,067 shares of the bank’s stock valued at $149,000 after purchasing an additional 3,098 shares during the period. Ballentine Partners LLC raised its stake in shares of Banco Santander (Brasil) by 24.3% during the first quarter. Ballentine Partners LLC now owns 16,137 shares of the bank’s stock valued at $92,000 after purchasing an additional 3,156 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted 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 worth $214,000 after purchasing an additional 4,359 shares during the period. 14.53% of the stock is owned by institutional investors.

Banco Santander (Brasil) Stock Up 1.8 %

Shares of Banco Santander (Brasil) stock traded up $0.10 during trading on Monday, reaching $5.69. The company had a trading volume of 227,766 shares, compared to its average volume of 517,357. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.26 and a current ratio of 0.26. Banco Santander has a fifty-two week low of $4.78 and a fifty-two week high of $6.66. The firm’s fifty day moving average is $5.11 and its 200-day moving average is $5.41. The company has a market cap of $21.18 billion, a price-to-earnings ratio of 7.39, a price-to-earnings-growth ratio of 0.32 and a beta of 1.05.

Banco Santander (Brasil) Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 19th. Investors of record on Thursday, July 25th will be paid a dividend of $0.0783 per share. The ex-dividend date of this dividend is Thursday, July 25th. This represents a $0.31 annualized dividend and a yield of 5.50%. Banco Santander (Brasil)’s dividend payout ratio (DPR) is 28.57%.

Wall Street Analysts Forecast Growth

Separately, Bank of America raised shares of Banco Santander (Brasil) from a “neutral” rating to a “buy” rating in a research report on Monday, May 6th.

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.