Banco Santander (Brasil) (NYSE:BSBR) Shares Gap Up - Here's What Happened

Banco Santander (Brasil) S.A. (NYSE:BSBR - Get Free Report)'s share price gapped up prior to trading on Friday . The stock had previously closed at $3.85, but opened at $3.93. Banco Santander (Brasil) shares last traded at $3.95, with a volume of 14,740 shares.

Analyst Ratings Changes

A number of equities research analysts have recently commented on BSBR shares. JPMorgan Chase & Co. upgraded Banco Santander (Brasil) from a "neutral" rating to an "overweight" rating and cut their price objective for the company from $7.00 to $6.00 in a research report on Monday, November 25th. StockNews.com lowered shares of Banco Santander (Brasil) from a "buy" rating to a "hold" rating in a research note 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) Trading Up 4.4 %

The firm has a market cap of $14.96 billion, a price-to-earnings ratio of 5.36, a PEG ratio of 0.28 and a beta of 1.02. 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 company has a 50-day moving average price of $4.54 and a 200 day moving average price of $5.01.

Banco Santander (Brasil) Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, October 21st were given a $0.0714 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 7.11%. The ex-dividend date of this dividend was Monday, October 21st. Banco Santander (Brasil)'s dividend payout ratio (DPR) is 4.00%.

Institutional Investors Weigh In On Banco Santander (Brasil)

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased 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 buying an additional 375,364 shares during the last quarter. Marshall Wace LLP lifted its stake in Banco Santander (Brasil) by 44.0% in the second quarter. Marshall Wace LLP now owns 1,099,003 shares of the bank's stock valued at $5,429,000 after acquiring an additional 335,915 shares during the last quarter. American Century Companies Inc. boosted its holdings in Banco Santander (Brasil) by 8.5% in the second quarter. American Century Companies Inc. now owns 409,483 shares of the bank's stock worth $2,023,000 after purchasing an additional 32,238 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in Banco Santander (Brasil) by 107.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 378,361 shares of the bank's stock worth $1,990,000 after buying an additional 196,141 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its position in shares of Banco Santander (Brasil) by 43.7% in the third quarter. Point72 Asset Management L.P. now owns 179,500 shares of the bank's stock worth $944,000 after buying an additional 54,600 shares during the last quarter. Hedge funds and other institutional investors 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.