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

Banco Santander (Brasil) S.A. (NYSE:BSBR - Get Free Report) saw unusually-high trading volume on Wednesday . 639,969 shares traded hands during mid-day trading, a decline of 23% from the previous session's volume of 832,923 shares.The stock last traded at $4.27 and had previously closed at $4.18.

Analyst Ratings Changes

Several equities research analysts have commented on the company. StockNews.com lowered Banco Santander (Brasil) from a "buy" rating to a "hold" rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. upgraded Banco Santander (Brasil) from a "neutral" rating to an "overweight" rating and dropped their price target for the stock from $7.00 to $6.00 in a research report on Monday, November 25th. Finally, Bank of America lowered Banco Santander (Brasil) from a "buy" rating to a "neutral" rating in a report on Tuesday, December 10th.

Banco Santander (Brasil) Price Performance

The stock's fifty day simple moving average is $4.15 and its 200 day simple moving average is $4.85. 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 will be paid on Monday, February 24th. Investors of record on Friday, January 24th will be given a dividend of $0.066 per share. The ex-dividend date is Friday, January 24th. This represents a $0.26 dividend on an annualized basis and a yield of 6.18%.

Institutional Trading of Banco Santander (Brasil)

Large investors have recently added to or reduced their stakes in the stock. Barclays PLC raised its position in shares of Banco Santander (Brasil) by 221.4% during the 3rd quarter. Barclays PLC now owns 12,428 shares of the bank's stock valued at $65,000 after buying an additional 8,561 shares during the period. Wellington Management Group LLP lifted its stake in shares of Banco Santander (Brasil) by 49.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,137,946 shares of the bank's stock valued at $5,986,000 after purchasing an additional 375,364 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Banco Santander (Brasil) during the 2nd quarter worth $575,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Banco Santander (Brasil) by 68.3% during the 3rd 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 last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Banco Santander (Brasil) by 107.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 378,361 shares of the bank's stock valued at $1,990,000 after buying an additional 196,141 shares during the period. 14.53% of the stock is currently owned by hedge funds and other 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.