Banco Santander (Brasil) (NYSE:BSBR) Sees Strong Trading Volume - Should You Buy?

Banco Santander (Brasil) S.A. (NYSE:BSBR - Get Free Report) saw an uptick in trading volume on Wednesday . 1,057,275 shares were traded during mid-day trading, an increase of 42% from the previous session's volume of 744,276 shares.The stock last traded at $4.74 and had previously closed at $4.53.

Wall Street Analysts Forecast Growth

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

Banco Santander (Brasil) Price Performance

The business's fifty day moving average is $4.15 and its two-hundred day moving average is $4.79. 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Friday, January 24th will be given a $0.066 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 5.70%. The ex-dividend date is Friday, January 24th.

Institutional Trading of Banco Santander (Brasil)

Several hedge funds and other institutional investors have recently modified their holdings of BSBR. Dimensional Fund Advisors LP raised its position in Banco Santander (Brasil) by 11.5% during the second 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 in the last quarter. GAMMA Investing LLC boosted its stake in shares of Banco Santander (Brasil) by 183.6% in the third quarter. GAMMA Investing LLC now owns 9,751 shares of the bank's stock valued at $51,000 after buying an additional 6,313 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Banco Santander (Brasil) by 68.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,741 shares of the bank's stock worth $99,000 after purchasing an additional 7,608 shares during the period. Barclays PLC lifted its stake in 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 during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Banco Santander (Brasil) during the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 14.53% of the company's stock.

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.