Banco Santander (Brasil) (NYSE:BSBR) Sees Large Volume Increase – Here’s What Happened

Banco Santander (Brasil) S.A. (NYSE:BSBR) saw strong trading volume on Wednesday . 1,057,275 shares traded hands during mid-day trading, an increase of 42% from the previous session’s volume of 744,276 shares.The stock last traded at $4.74 and had previously closed at $4.53.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on BSBR shares. Bank of America downgraded shares of Banco Santander (Brasil) from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. raised Banco Santander (Brasil) from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $7.00 to $6.00 in a research note on Monday, November 25th. Finally, StockNews.com cut shares of Banco Santander (Brasil) from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th.

Banco Santander (Brasil) Stock Up 4.1 %

The firm has a fifty day moving average price of $4.12 and a 200 day moving average price of $4.80. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.25.

Banco Santander (Brasil) Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Friday, January 24th will be issued a $0.066 dividend. The ex-dividend date is Friday, January 24th. This represents a $0.26 annualized dividend and a yield of 5.60%.

Institutional Investors Weigh In On Banco Santander (Brasil)

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC increased its position in shares of Banco Santander (Brasil) by 183.6% in the third quarter. GAMMA Investing LLC now owns 9,751 shares of the bank’s stock worth $51,000 after acquiring an additional 6,313 shares in the last quarter. Barclays PLC raised its holdings in shares of Banco Santander (Brasil) by 221.4% during the 3rd quarter. Barclays PLC now owns 12,428 shares of the bank’s stock valued at $65,000 after purchasing an additional 8,561 shares in the last quarter. R Squared Ltd bought a new stake in Banco Santander (Brasil) during the fourth quarter valued at about $70,000. Walleye Capital LLC bought a new stake in shares of Banco Santander (Brasil) in the third quarter valued at about $85,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Banco Santander (Brasil) by 68.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,741 shares of the bank’s stock valued at $99,000 after acquiring an additional 7,608 shares during the last quarter. 14.53% of the stock is currently owned by institutional investors and hedge funds.

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.