Banco Santander (Brasil) (NYSE:BSBR) Hits New 12-Month Low - Should You Sell?

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. StockNews.com cut shares of Banco Santander (Brasil) from a "buy" rating to a "hold" rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. raised Banco Santander (Brasil) from a "neutral" rating to an "overweight" rating and reduced their price objective for the company from $7.00 to $6.00 in a research note on Monday, November 25th. Finally, Bank of America downgraded shares of Banco Santander (Brasil) from a "buy" rating to a "neutral" rating in a research report on Tuesday.

Banco Santander (Brasil) Stock Performance

The firm's 50-day simple moving average is $4.69 and its 200 day simple moving average is $5.07. 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Monday, October 21st were issued a dividend of $0.0714 per share. This represents a $0.29 annualized dividend and a yield of 7.07%. The ex-dividend date of this dividend was Monday, October 21st.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in Banco Santander (Brasil) by 183.6% during the third quarter. GAMMA Investing LLC now owns 9,751 shares of the bank's stock valued at $51,000 after purchasing an additional 6,313 shares during the last quarter. Barclays PLC raised its position in Banco Santander (Brasil) by 221.4% during the third quarter. Barclays PLC now owns 12,428 shares of the bank's stock valued at $65,000 after purchasing an additional 8,561 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Banco Santander (Brasil) by 41.2% during the second 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 in the last quarter. Walleye Capital LLC bought a new stake in Banco Santander (Brasil) during the third quarter worth about $85,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position 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 buying an additional 7,608 shares during the last quarter. 14.53% of the stock is owned by institutional investors.

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.

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