Banco Santander (Brasil) (NYSE:BSBR) Shares Gap Down - Time to Sell?

Banco Santander (Brasil) S.A. (NYSE:BSBR - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $4.81, but opened at $4.68. Banco Santander (Brasil) shares last traded at $4.74, with a volume of 335,294 shares traded.

Analysts Set New Price Targets

Several analysts have issued reports on BSBR shares. Bank of America downgraded shares of Banco Santander (Brasil) from a "buy" rating to a "neutral" rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. raised shares of Banco Santander (Brasil) from a "neutral" rating to an "overweight" rating and decreased their price target for the company from $7.00 to $6.00 in a research note on Monday, November 25th. 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) Stock Up 0.8 %

The company's 50 day moving average price is $4.16 and its two-hundred day moving average price is $4.79. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.30 and a current ratio of 0.30.

Banco Santander (Brasil) Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Friday, January 24th will be issued a dividend of $0.066 per share. This represents a $0.26 annualized dividend and a yield of 5.71%. The ex-dividend date of this dividend is Friday, January 24th.

Hedge Funds Weigh In On Banco Santander (Brasil)

Institutional investors have recently bought and sold shares of the business. Barclays PLC grew its holdings in Banco Santander (Brasil) by 221.4% in the third quarter. Barclays PLC now owns 12,428 shares of the bank's stock worth $65,000 after purchasing an additional 8,561 shares during the last quarter. Wellington Management Group LLP grew its holdings in Banco Santander (Brasil) by 49.2% in the third quarter. Wellington Management Group LLP now owns 1,137,946 shares of the bank's stock worth $5,986,000 after purchasing an additional 375,364 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Banco Santander (Brasil) by 767.1% in the third quarter. JPMorgan Chase & Co. now owns 30,419 shares of the bank's stock worth $160,000 after purchasing an additional 26,911 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Banco Santander (Brasil) by 68.3% in the third 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. grew 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 last quarter. 14.53% of the stock is owned by hedge funds and other 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.