Banco Santander (Brasil) S.A. (NYSE:BSBR) Short Interest Update

Banco Santander (Brasil) S.A. (NYSE:BSBR) saw a significant decline in short interest in June. As of June 15th, there was short interest totalling 448,400 shares, a decline of 58.5% from the May 31st total of 1,080,000 shares. Based on an average daily volume of 530,000 shares, the days-to-cover ratio is presently 0.8 days.

Analyst Ratings Changes

Separately, Bank of America raised Banco Santander (Brasil) from a “neutral” rating to a “buy” rating in a research note on Monday, May 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $5.60.

Institutional Investors Weigh In On Banco Santander (Brasil)

Several hedge funds have recently modified their holdings of BSBR. Parallel Advisors LLC lifted its holdings in Banco Santander (Brasil) by 63.5% in the 4th quarter. Parallel Advisors LLC now owns 6,522 shares of the bank’s stock worth $43,000 after buying an additional 2,533 shares in the last quarter. Signaturefd LLC boosted its holdings in Banco Santander (Brasil) by 10.8% in the fourth quarter. Signaturefd LLC now owns 26,104 shares of the bank’s stock valued at $171,000 after purchasing an additional 2,544 shares during the last quarter. Ballentine Partners LLC boosted its holdings in Banco Santander (Brasil) by 24.3% in the first quarter. Ballentine Partners LLC now owns 16,137 shares of the bank’s stock valued at $92,000 after purchasing an additional 3,156 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Banco Santander (Brasil) by 15.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,721 shares of the bank’s stock valued at $214,000 after purchasing an additional 4,359 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in Banco Santander (Brasil) by 220.0% during the 1st quarter. BNP Paribas Financial Markets now owns 7,095 shares of the bank’s stock worth $41,000 after purchasing an additional 4,878 shares during the last quarter. 14.53% of the stock is currently owned by hedge funds and other institutional investors.

Banco Santander (Brasil) Trading Down 2.2 %

BSBR traded down $0.11 on Friday, reaching $4.94. 380,479 shares of the company’s stock were exchanged, compared to its average volume of 491,372. Banco Santander has a twelve month low of $4.90 and a twelve month high of $6.66. The company’s 50 day moving average is $5.32 and its 200-day moving average is $5.70. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.17.

Banco Santander (Brasil) Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Tuesday, April 23rd were paid a dividend of $0.0792 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.41%. The ex-dividend date of this dividend was Monday, April 22nd. This is a boost from Banco Santander (Brasil)’s previous quarterly dividend of $0.06.

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.