Banco Santander (Brasil) (NYSE:BSBR) Sees Unusually-High Trading Volume - Here's What Happened

Banco Santander (Brasil) S.A. (NYSE:BSBR - Get Free Report) shares saw an uptick in trading volume on Tuesday . 1,993,831 shares changed hands during trading, an increase of 78% from the previous session's volume of 1,120,331 shares.The stock last traded at $4.08 and had previously closed at $3.97.

Analysts Set New Price Targets

A number of 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 dropped their price target for the company from $7.00 to $6.00 in a research report on Monday, November 25th. StockNews.com cut shares of Banco Santander (Brasil) from a "buy" rating to a "hold" rating in a research report on Tuesday, November 26th. Finally, Bank of America lowered shares of Banco Santander (Brasil) from a "buy" rating to a "neutral" rating in a research report on Tuesday, December 10th.

Banco Santander (Brasil) Trading Up 2.5 %

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market capitalization of $15.15 billion, a PE ratio of 5.43, a P/E/G ratio of 0.28 and a beta of 1.01. The business has a fifty day moving average price of $4.27 and a 200 day moving average price of $4.91.

Banco Santander (Brasil) Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Monday, October 21st were issued a dividend of $0.0714 per share. The ex-dividend date was Monday, October 21st. This represents a $0.29 annualized dividend and a dividend yield of 7.02%. Banco Santander (Brasil)'s payout ratio is currently 4.00%.

Hedge Funds Weigh In On Banco Santander (Brasil)

A number of institutional investors have recently made changes to their positions in BSBR. Wellington Management Group LLP raised its stake in Banco Santander (Brasil) by 49.2% during the third 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. Marshall Wace LLP lifted its stake in Banco Santander (Brasil) by 44.0% during the second 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 last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Banco Santander (Brasil) by 107.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 378,361 shares of the bank's stock worth $1,990,000 after purchasing an additional 196,141 shares during the period. Cubist Systematic Strategies LLC bought a new stake in Banco Santander (Brasil) during the second quarter valued at $575,000. Finally, Longfellow Investment Management Co. LLC raised its holdings 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 purchasing an additional 82,890 shares during the period. 14.53% of the stock is owned by institutional investors and hedge funds.

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.