Banco Santander (Brasil) (NYSE:BSBR) Shares Gap Down – Here’s What Happened

Banco Santander (Brasil) S.A. (NYSE:BSBR) gapped down before the market opened on Monday . The stock had previously closed at $4.02, but opened at $3.90. Banco Santander (Brasil) shares last traded at $3.88, with a volume of 57,937 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on BSBR shares. Bank of America cut 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 lowered their target price for the company from $7.00 to $6.00 in a report on Monday, November 25th. Finally, StockNews.com downgraded Banco Santander (Brasil) from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th.

Banco Santander (Brasil) Stock Performance

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.30 and a current ratio of 0.30. The stock’s fifty day moving average is $4.54 and its two-hundred day moving average is $5.01. The firm has a market cap of $14.33 billion, a price-to-earnings ratio of 5.13, a PEG ratio of 0.28 and a beta of 1.02.

Banco Santander (Brasil) Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Monday, October 21st were paid a dividend of $0.0714 per share. This represents a $0.29 annualized dividend and a yield of 7.42%. The ex-dividend date of this dividend was Monday, October 21st. Banco Santander (Brasil)’s payout ratio is currently 4.00%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Wellington Management Group LLP raised its holdings in Banco Santander (Brasil) by 49.2% during the third quarter. Wellington Management Group LLP now owns 1,137,946 shares of the bank’s stock worth $5,986,000 after purchasing an additional 375,364 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Banco Santander (Brasil) in the 2nd quarter worth approximately $575,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Banco Santander (Brasil) by 68.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,741 shares of the bank’s stock worth $99,000 after purchasing an additional 7,608 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Banco Santander (Brasil) by 107.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 378,361 shares of the bank’s stock valued at $1,990,000 after purchasing an additional 196,141 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Banco Santander (Brasil) by 8.5% during the second quarter. American Century Companies Inc. now owns 409,483 shares of the bank’s stock worth $2,023,000 after buying an additional 32,238 shares in the last quarter. 14.53% of the stock is 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.