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

Banco Santander (Brasil) S.A. (NYSE:BSBR - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $3.99, but opened at $3.87. Banco Santander (Brasil) shares last traded at $3.92, with a volume of 69,768 shares traded.

Analyst Ratings Changes

A number of research analysts recently commented on the company. JPMorgan Chase & Co. raised Banco Santander (Brasil) from a "neutral" rating to an "overweight" rating and reduced their target price for the company from $7.00 to $6.00 in a research note on Monday, November 25th. StockNews.com lowered 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 report on Tuesday, December 10th.

Banco Santander (Brasil) Stock Down 4.3 %

The stock has a market capitalization of $14.22 billion, a P/E ratio of 5.09, a PEG ratio of 0.28 and a beta of 1.02. The stock has a 50 day moving average price of $4.33 and a 200-day moving average price of $4.94. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.30 and a quick ratio of 0.30.

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 paid 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 yield of 7.48%. Banco Santander (Brasil)'s dividend payout ratio (DPR) is currently 4.00%.

Institutional Investors Weigh In On Banco Santander (Brasil)

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BSBR. Wellington Management Group LLP grew its holdings in 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 worth $5,986,000 after acquiring an additional 375,364 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of 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 period. Robeco Institutional Asset Management B.V. grew its stake in shares of 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 last quarter. Cubist Systematic Strategies LLC purchased a new position in Banco Santander (Brasil) during the 2nd quarter valued at about $575,000. Finally, Longfellow Investment Management Co. LLC raised its position in Banco Santander (Brasil) by 220.2% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 120,528 shares of the bank's stock valued at $595,000 after purchasing an additional 82,890 shares during the last quarter. 14.53% of the stock is currently owned by 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.