Banco Santander (Brasil) (NYSE:BSBR) Sees Large Volume Increase – Still a Buy?

Banco Santander (Brasil) S.A. (NYSE:BSBR) shares saw unusually-high trading volume on Wednesday . Approximately 1,057,275 shares were traded 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 research analysts have weighed in on BSBR shares. Bank of America lowered shares of Banco Santander (Brasil) from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. upgraded shares of Banco Santander (Brasil) from a “neutral” rating to an “overweight” rating and decreased their price objective for the stock from $7.00 to $6.00 in a research report on Monday, November 25th. Finally, StockNews.com cut Banco Santander (Brasil) from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th.

Banco Santander (Brasil) Stock Down 3.7 %

The stock has a 50-day simple moving average of $4.14 and a 200-day simple moving average of $4.80. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.30 and a current ratio of 0.30.

Banco Santander (Brasil) Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Friday, January 24th will be given a $0.066 dividend. This represents a $0.26 annualized dividend and a dividend yield of 5.70%. The ex-dividend date of this dividend is Friday, January 24th.

Hedge Funds Weigh In On Banco Santander (Brasil)

Several hedge funds and other institutional investors have recently bought and sold shares of BSBR. Dimensional Fund Advisors LP lifted its stake in shares of Banco Santander (Brasil) by 11.5% in the second quarter. Dimensional Fund Advisors LP now owns 30,067 shares of the bank’s stock worth $149,000 after acquiring an additional 3,098 shares in the last quarter. GAMMA Investing LLC boosted its holdings in 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 purchasing an additional 6,313 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted 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 valued at $99,000 after buying an additional 7,608 shares during the period. Barclays PLC grew its holdings in shares of Banco Santander (Brasil) by 221.4% during the third quarter. Barclays PLC now owns 12,428 shares of the bank’s stock valued at $65,000 after purchasing an additional 8,561 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in Banco Santander (Brasil) in the fourth quarter worth $37,000. 14.53% of the stock is owned by institutional investors and hedge funds.

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.