Banco Santander (Brasil) (NYSE:BSBR) Stock Price Down 4.3% – Should You Sell?

Banco Santander (Brasil) S.A. (NYSE:BSBR) traded down 4.3% during trading on Wednesday . The company traded as low as $4.38 and last traded at $4.41. 491,831 shares traded hands during trading, an increase of 10% from the average session volume of 448,543 shares. The stock had previously closed at $4.61.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BSBR shares. JPMorgan Chase & Co. upgraded Banco Santander (Brasil) from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $7.00 to $6.00 in a research note on Monday. StockNews.com downgraded shares of Banco Santander (Brasil) from a “buy” rating to a “hold” rating in a research note on Tuesday.

Banco Santander (Brasil) Trading Down 5.0 %

The firm’s fifty day moving average price is $4.91 and its two-hundred day moving average price is $5.16. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.30 and a quick ratio of 0.30.

Banco Santander (Brasil) Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, October 21st were given a dividend of $0.0714 per share. This represents a $0.29 annualized dividend and a dividend yield of 6.52%. The ex-dividend date of this dividend was Monday, October 21st.

Institutional Investors Weigh In On Banco Santander (Brasil)

Several hedge funds have recently added to or reduced their stakes in BSBR. Wellington Management Group LLP lifted its holdings in shares of Banco Santander (Brasil) by 49.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,137,946 shares of the bank’s stock worth $5,986,000 after acquiring an additional 375,364 shares during the last quarter. Marshall Wace LLP raised its position in Banco Santander (Brasil) by 44.0% in the 2nd quarter. Marshall Wace LLP now owns 1,099,003 shares of the bank’s stock worth $5,429,000 after purchasing an additional 335,915 shares during the period. American Century Companies Inc. lifted its stake in Banco Santander (Brasil) by 8.5% in the second 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 last quarter. Robeco Institutional Asset Management B.V. boosted its position in Banco Santander (Brasil) by 107.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 378,361 shares of the bank’s stock valued at $1,990,000 after buying an additional 196,141 shares during the period. Finally, Point72 Asset Management L.P. grew its stake in shares of Banco Santander (Brasil) by 43.7% during the third quarter. Point72 Asset Management L.P. now owns 179,500 shares of the bank’s stock valued at $944,000 after buying an additional 54,600 shares during the last quarter. Institutional investors 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.