Banco Santander (Brasil) (NYSE:BSBR) Reaches New 1-Year Low at $4.89

Banco Santander (Brasil) S.A. (NYSE:BSBR) shares reached a new 52-week low during trading on Monday . The stock traded as low as $4.89 and last traded at $4.91, with a volume of 101887 shares traded. The stock had previously closed at $4.94.

Analyst Upgrades and Downgrades

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

Banco Santander (Brasil) Price Performance

The firm’s fifty day moving average price is $5.32 and its 200 day moving average price is $5.69. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.26 and a quick ratio of 0.26.

Banco Santander (Brasil) Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Tuesday, April 23rd were given a dividend of $0.0792 per share. This represents a $0.32 annualized dividend and a yield of 6.51%. The ex-dividend date of this dividend was Monday, April 22nd. This is an increase from Banco Santander (Brasil)’s previous quarterly dividend of $0.06.

Hedge Funds Weigh In On Banco Santander (Brasil)

Several hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP purchased a new stake in shares of Banco Santander (Brasil) in the fourth quarter valued at approximately $5,064,000. SPX Gestao de Recursos Ltda raised its holdings in Banco Santander (Brasil) by 570.9% in the 4th quarter. SPX Gestao de Recursos Ltda now owns 715,921 shares of the bank’s stock valued at $4,689,000 after buying an additional 609,216 shares during the period. Vinland Capital Management Gestora de Recursos LTDA. purchased a new position in Banco Santander (Brasil) during the fourth quarter worth about $655,000. Jump Financial LLC increased its position in shares of Banco Santander (Brasil) by 62.6% during the fourth quarter. Jump Financial LLC now owns 74,200 shares of the bank’s stock valued at $486,000 after acquiring an additional 28,564 shares during the last quarter. Finally, Banco BTG Pactual S.A. purchased a new stake in shares of Banco Santander (Brasil) in the 1st quarter valued at approximately $79,000. 14.53% of the stock is owned by institutional investors and hedge funds.

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 local loans, commercial financing options, development bank funds, and cash management services; export and import financing, guarantees, structuring of asset services.