Banco Santander (Brasil) (NYSE:BSBR) Sees Large Volume Increase – What’s Next?

Banco Santander (Brasil) S.A. (NYSE:BSBR) saw strong trading volume on Wednesday . 1,537,827 shares traded hands during trading, an increase of 239% from the previous session’s volume of 453,368 shares.The stock last traded at $4.86 and had previously closed at $4.84.

Banco Santander (Brasil) Stock Performance

The stock’s 50-day moving average is $5.33 and its 200-day moving average is $5.28.

Banco Santander (Brasil) Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Monday, October 21st will be issued a dividend of $0.0714 per share. This represents a $0.29 annualized dividend and a dividend yield of 6.24%. The ex-dividend date is Monday, October 21st.

Hedge Funds Weigh In On Banco Santander (Brasil)

Several institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its holdings in Banco Santander (Brasil) by 220.0% in the 1st quarter. BNP Paribas Financial Markets now owns 7,095 shares of the bank’s stock valued at $41,000 after buying an additional 4,878 shares during the period. GAMMA Investing LLC grew its stake in shares of Banco Santander (Brasil) by 183.6% during the 3rd quarter. GAMMA Investing LLC now owns 9,751 shares of the bank’s stock valued at $51,000 after buying an additional 6,313 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in Banco Santander (Brasil) by 41.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,024 shares of the bank’s stock worth $71,000 after acquiring an additional 4,387 shares during the last quarter. Banco BTG Pactual S.A. acquired a new position in Banco Santander (Brasil) during the first quarter valued at approximately $79,000. Finally, Dimensional Fund Advisors LP grew its stake in Banco Santander (Brasil) by 11.5% during the second quarter. Dimensional Fund Advisors LP now owns 30,067 shares of the bank’s stock worth $149,000 after buying an additional 3,098 shares during the period. 14.53% of the stock is currently 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.