Banco Santander (Brasil) (NYSE:BSBR) Reaches New 12-Month Low - Time to Sell?

Banco Santander (Brasil) S.A. (NYSE:BSBR - Get Free Report) shares hit a new 52-week low on Thursday . The company traded as low as $3.75 and last traded at $3.76, with a volume of 58913 shares changing hands. The stock had previously closed at $3.91.

Wall Street Analysts Forecast Growth

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

Banco Santander (Brasil) Price Performance

The company has a market capitalization of $14.85 billion, a P/E ratio of 5.32, a P/E/G ratio of 0.28 and a beta of 1.02. The company's 50-day simple moving average is $4.33 and its 200 day simple moving average is $4.94. 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 declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Monday, October 21st were given a $0.0714 dividend. The ex-dividend date of this dividend was Monday, October 21st. This represents a $0.29 dividend on an annualized basis and a dividend yield of 7.16%. Banco Santander (Brasil)'s dividend payout ratio is currently 4.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BSBR. Longfellow Investment Management Co. LLC boosted its position in 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. American Century Companies Inc. grew its stake in Banco Santander (Brasil) by 8.5% in the 2nd quarter. American Century Companies Inc. now owns 409,483 shares of the bank's stock valued at $2,023,000 after buying an additional 32,238 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Banco Santander (Brasil) by 11.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 30,067 shares of the bank's stock valued at $149,000 after buying an additional 3,098 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in Banco Santander (Brasil) by 41.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,024 shares of the bank's stock worth $71,000 after acquiring an additional 4,387 shares during the period. Finally, Frank Rimerman Advisors LLC acquired a new position in Banco Santander (Brasil) during the 2nd quarter worth $218,000. 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.