Banco Santander (Brasil) (NYSE:BSBR) Shares Gap Down - Here's Why

Banco Santander (Brasil) S.A. (NYSE:BSBR - Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $4.02, but opened at $3.90. Banco Santander (Brasil) shares last traded at $3.88, with a volume of 57,937 shares trading hands.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Banco Santander (Brasil) from a "neutral" rating to an "overweight" rating and reduced their price target for the company from $7.00 to $6.00 in a report on Monday, November 25th. StockNews.com downgraded 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 report on Tuesday, December 10th.

Banco Santander (Brasil) Trading Down 4.5 %

The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.25. The stock's 50 day moving average is $4.54 and its 200-day moving average is $5.01. The company has a market cap of $14.29 billion, a PE ratio of 5.12, a P/E/G ratio of 0.28 and a beta of 1.02.

Banco Santander (Brasil) Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Monday, October 21st were issued a $0.0714 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 7.44%. The ex-dividend date of this dividend was Monday, October 21st. Banco Santander (Brasil)'s payout ratio is 4.00%.

Institutional Investors Weigh In On Banco Santander (Brasil)

Several large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Banco Santander (Brasil) by 11.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 30,067 shares of the bank's stock worth $149,000 after purchasing an additional 3,098 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in Banco Santander (Brasil) by 41.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,024 shares of the bank's stock worth $71,000 after buying an additional 4,387 shares during the period. GAMMA Investing LLC increased its position in Banco Santander (Brasil) by 183.6% during the third quarter. GAMMA Investing LLC now owns 9,751 shares of the bank's stock valued at $51,000 after acquiring an additional 6,313 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Banco Santander (Brasil) by 68.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,741 shares of the bank's stock valued at $99,000 after acquiring an additional 7,608 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of Banco Santander (Brasil) by 221.4% in the third quarter. Barclays PLC now owns 12,428 shares of the bank's stock valued at $65,000 after acquiring an additional 8,561 shares during the period. 14.53% of the stock is 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.