Banco Santander (Brasil) (NYSE:BSBR) Shares Gap Down – Time to Sell?

Banco Santander (Brasil) S.A. (NYSE:BSBR) shares gapped down before the market opened on Friday . The stock had previously closed at $3.99, but opened at $3.87. Banco Santander (Brasil) shares last traded at $3.92, with a volume of 69,768 shares.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BSBR shares. Bank of America downgraded 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 Banco Santander (Brasil) from a “neutral” rating to an “overweight” rating and decreased their target price for the stock from $7.00 to $6.00 in a research report on Monday, November 25th. Finally, StockNews.com lowered Banco Santander (Brasil) from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th.

Banco Santander (Brasil) Stock Down 3.3 %

The company has a debt-to-equity ratio of 0.25, a current ratio of 0.30 and a quick ratio of 0.30. The firm’s 50-day moving average price is $4.33 and its 200 day moving average price is $4.94. The firm has a market capitalization of $14.37 billion, a price-to-earnings ratio of 5.15, a price-to-earnings-growth ratio of 0.28 and a beta of 1.02.

Banco Santander (Brasil) Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Monday, October 21st were given a dividend of $0.0714 per share. This represents a $0.29 annualized dividend and a yield of 7.40%. The ex-dividend date was Monday, October 21st. Banco Santander (Brasil)’s payout ratio is 4.00%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in shares of Banco Santander (Brasil) by 49.2% during the third quarter. Wellington Management Group LLP now owns 1,137,946 shares of the bank’s stock worth $5,986,000 after buying an additional 375,364 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Banco Santander (Brasil) during the second quarter worth approximately $575,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in 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 worth $99,000 after acquiring an additional 7,608 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in Banco Santander (Brasil) by 107.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 378,361 shares of the bank’s stock valued at $1,990,000 after acquiring an additional 196,141 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Banco Santander (Brasil) by 8.5% during the 2nd quarter. American Century Companies Inc. now owns 409,483 shares of the bank’s stock worth $2,023,000 after purchasing an additional 32,238 shares during the period. Institutional investors and hedge funds own 14.53% of the company’s stock.

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.