Banco Santander (Brasil) S.A. (NYSE:BSBR) Short Interest Up 32.7% in November

Banco Santander (Brasil) S.A. (NYSE:BSBR) was the recipient of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 1,240,000 shares, an increase of 32.7% from the November 15th total of 934,500 shares. Based on an average daily trading volume, of 350,400 shares, the days-to-cover ratio is presently 3.5 days.

Hedge Funds Weigh In On Banco Santander (Brasil)

Large investors have recently made changes to their positions in the business. Barclays PLC lifted its position in Banco Santander (Brasil) by 221.4% in the third quarter. Barclays PLC now owns 12,428 shares of the bank’s stock worth $65,000 after purchasing an additional 8,561 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Banco Santander (Brasil) in the 3rd quarter valued at $277,000. Wellington Management Group LLP lifted its holdings in shares of Banco Santander (Brasil) by 49.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,137,946 shares of the bank’s stock worth $5,986,000 after acquiring an additional 375,364 shares during the period. Point72 Asset Management L.P. boosted its position in shares of Banco Santander (Brasil) by 43.7% during the 3rd quarter. Point72 Asset Management L.P. now owns 179,500 shares of the bank’s stock valued at $944,000 after acquiring an additional 54,600 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new stake in shares of Banco Santander (Brasil) during the 3rd quarter valued at about $101,000. Institutional investors and hedge funds own 14.53% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Banco Santander (Brasil) Stock Down 2.4 %

NYSE:BSBR traded down $0.10 during mid-day trading on Friday, reaching $4.04. The stock had a trading volume of 339,679 shares, compared to its average volume of 452,805. The business’s 50 day moving average is $4.66 and its 200 day moving average is $5.06. 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 fifty-two week low of $4.04 and a fifty-two week high of $6.66.

Banco Santander (Brasil) Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Monday, October 21st were issued a dividend of $0.0714 per share. This represents a $0.29 annualized dividend and a dividend yield of 7.07%. The ex-dividend date of this dividend was Monday, October 21st.

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.