Banco Santander (Brasil) (NYSE:BSBR) Shares Up 2.8%

Banco Santander (Brasil) S.A. (NYSE:BSBR)’s stock price shot up 2.8% on Thursday . The stock traded as high as $6.50 and last traded at $6.50. 209,519 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 890,608 shares. The stock had previously closed at $6.32.

Analyst Ratings Changes

A number of equities research analysts have recently commented on BSBR shares. StockNews.com started coverage on Banco Santander (Brasil) in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Barclays lifted their price objective on Banco Santander (Brasil) from $5.00 to $5.50 and gave the company an “underweight” rating in a report on Thursday, July 27th. Jefferies Financial Group started coverage on Banco Santander (Brasil) in a report on Monday, October 16th. They set a “hold” rating and a $5.70 price objective on the stock. Finally, TheStreet upgraded Banco Santander (Brasil) from a “c” rating to a “b-” rating in a report on Thursday.

Banco Santander (Brasil) Trading Down 3.5 %

The company has a fifty day moving average price of $5.47 and a two-hundred day moving average price of $5.76. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.18.

Banco Santander (Brasil) Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, October 23rd will be given a $0.0202 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Friday, October 20th.

Institutional Investors Weigh In On Banco Santander (Brasil)

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its position in Banco Santander (Brasil) by 4.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,330 shares of the bank’s stock valued at $280,000 after buying an additional 1,486 shares during the last quarter. Signaturefd LLC increased its position in shares of Banco Santander (Brasil) by 8.5% during the 3rd quarter. Signaturefd LLC now owns 23,560 shares of the bank’s stock worth $121,000 after purchasing an additional 1,852 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Banco Santander (Brasil) by 41.4% during the 2nd quarter. Parallel Advisors LLC now owns 6,397 shares of the bank’s stock worth $41,000 after purchasing an additional 1,874 shares during the last quarter. Checchi Capital Advisers LLC increased its position in shares of Banco Santander (Brasil) by 8.3% during the 2nd quarter. Checchi Capital Advisers LLC now owns 25,373 shares of the bank’s stock worth $161,000 after purchasing an additional 1,944 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in shares of Banco Santander (Brasil) by 4.2% during the 2nd quarter. O Shaughnessy Asset Management LLC now owns 52,165 shares of the bank’s stock worth $332,000 after purchasing an additional 2,126 shares during the last quarter. Institutional investors and hedge funds own 14.56% of the company’s stock.

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 deposits and other bank funding instruments; debit and credit cards; digital prepaid solutions; payment platform; loyalty programs; employee benefit vouchers; payroll loans; digital lending and online debt renegotiation platform; mortgages; home equity financing products; consumer credit; and local loans, commercial and trade finance, guarantees, structured loans, and cash management and funding solutions, as well as on-lending transfer services.