Banco Santander (Brasil) (NYSE:BSBR) Sets New 12-Month Low – Here’s Why

Banco Santander (Brasil) S.A. (NYSE:BSBR)’s share price hit a new 52-week low during trading on Friday . The company traded as low as $4.04 and last traded at $4.05, with a volume of 315338 shares. The stock had previously closed at $4.14.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on BSBR shares. StockNews.com cut shares of Banco Santander (Brasil) from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Bank of America cut shares of Banco Santander (Brasil) from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. raised shares of 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 report on Monday, November 25th.

Banco Santander (Brasil) Price Performance

The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.25. The business has a 50 day simple moving average of $4.66 and a 200 day simple moving average of $5.06.

Banco Santander (Brasil) Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Monday, October 21st were given a $0.0714 dividend. This represents a $0.29 annualized dividend and a dividend yield of 7.07%. The ex-dividend date of this dividend was Monday, October 21st.

Institutional Trading of Banco Santander (Brasil)

Several large investors have recently bought and sold shares of BSBR. Longfellow Investment Management Co. LLC lifted its stake in shares of Banco Santander (Brasil) by 220.2% during the second quarter. Longfellow Investment Management Co. LLC now owns 120,528 shares of the bank’s stock worth $595,000 after buying an additional 82,890 shares during the period. American Century Companies Inc. raised its stake in Banco Santander (Brasil) by 8.5% in the 2nd quarter. American Century Companies Inc. now owns 409,483 shares of the bank’s stock worth $2,023,000 after acquiring an additional 32,238 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Banco Santander (Brasil) by 11.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 30,067 shares of the bank’s stock worth $149,000 after acquiring an additional 3,098 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in Banco Santander (Brasil) by 41.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,024 shares of the bank’s stock valued at $71,000 after purchasing an additional 4,387 shares during the last quarter. Finally, Frank Rimerman Advisors LLC acquired a new position in shares of Banco Santander (Brasil) in the second quarter valued at about $218,000. Hedge funds and other 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.