Banco Santander (Brasil) S.A. (NYSE:BSBR) Short Interest Up 21.0% in February

Banco Santander (Brasil) S.A. (NYSE:BSBR) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 3,230,000 shares, an increase of 21.0% from the February 13th total of 2,670,000 shares. Based on an average daily volume of 692,300 shares, the short-interest ratio is presently 4.7 days. Currently, 0.1% of the company’s shares are short sold.

Banco Santander (Brasil) Trading Down 0.9 %

BSBR traded down $0.05 during midday trading on Tuesday, hitting $4.74. The company’s stock had a trading volume of 423,897 shares, compared to its average volume of 480,422. The firm has a 50-day moving average price of $4.43 and a two-hundred day moving average price of $4.66. 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 has a 52-week low of $3.75 and a 52-week high of $6.01. The firm has a market cap of $17.62 billion, a P/E ratio of 5.85, a PEG ratio of 0.73 and a beta of 1.01.

Banco Santander (Brasil) Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Friday, January 24th were given a $0.066 dividend. This represents a $0.26 annualized dividend and a yield of 5.57%. The ex-dividend date was Friday, January 24th. Banco Santander (Brasil)’s dividend payout ratio is currently 24.69%.

Hedge Funds Weigh In On Banco Santander (Brasil)

Several large investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. acquired a new position in Banco Santander (Brasil) in the 4th quarter valued at approximately $37,000. EntryPoint Capital LLC bought a new stake in Banco Santander (Brasil) in the fourth quarter worth $47,000. Barclays PLC increased 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 acquiring an additional 8,561 shares during the last quarter. Walleye Capital LLC bought a new stake in shares of Banco Santander (Brasil) during the 3rd quarter worth $85,000. Finally, R Squared Ltd bought a new stake in Banco Santander (Brasil) during the 4th quarter valued at approximately $70,000. Institutional investors own 14.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on BSBR shares. The Goldman Sachs Group raised shares of Banco Santander (Brasil) from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $4.20 to $4.70 in a research note on Wednesday, February 12th. StockNews.com cut shares of Banco Santander (Brasil) from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Bank of America lowered Banco Santander (Brasil) from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. raised shares of Banco Santander (Brasil) from a “neutral” rating to an “overweight” rating and dropped their price target for the company from $7.00 to $6.00 in a research note on Monday, November 25th.

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.