Banco Santander (Brasil) (NYSE:BSBR) Hits New 52-Week Low - Here's Why

Banco Santander (Brasil) S.A. (NYSE:BSBR - Get Free Report)'s share price hit a new 52-week low on Thursday . The company traded as low as $3.75 and last traded at $3.78, with a volume of 804960 shares changing hands. The stock had previously closed at $4.04.

Analysts Set New Price Targets

BSBR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised shares of Banco Santander (Brasil) from a "neutral" rating to an "overweight" rating and cut their target price for the stock from $7.00 to $6.00 in a research report on Monday, November 25th. StockNews.com cut Banco Santander (Brasil) from a "buy" rating to a "hold" rating in a research report on Tuesday, November 26th. Finally, Bank of America cut Banco Santander (Brasil) from a "buy" rating to a "neutral" rating in a research report on Tuesday, December 10th.

Banco Santander (Brasil) Trading Up 1.9 %

The stock's fifty day simple moving average is $4.56 and its 200 day simple moving average is $5.02. The firm has a market capitalization of $14.33 billion, a PE ratio of 5.13, a PEG ratio of 0.28 and a beta of 1.02. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.25.

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 paid a dividend of $0.0714 per share. The ex-dividend date was Monday, October 21st. This represents a $0.29 dividend on an annualized basis and a dividend yield of 7.42%. Banco Santander (Brasil)'s dividend payout ratio (DPR) is presently 4.00%.

Institutional Trading of Banco Santander (Brasil)

Several institutional investors and hedge funds have recently modified their holdings of BSBR. Barclays PLC grew its position in shares of Banco Santander (Brasil) by 221.4% during the third quarter. Barclays PLC now owns 12,428 shares of the bank's stock worth $65,000 after purchasing an additional 8,561 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Banco Santander (Brasil) in the 3rd quarter worth approximately $277,000. Wellington Management Group LLP grew its holdings in Banco Santander (Brasil) by 49.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,137,946 shares of the bank's stock valued at $5,986,000 after buying an additional 375,364 shares in the last quarter. Point72 Asset Management L.P. raised its position 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. Finally, Verition Fund Management LLC purchased a new position in shares of Banco Santander (Brasil) in the third quarter worth $101,000. 14.53% of the stock is currently owned by institutional investors.

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.