Banco Santander (Brasil) (NYSE:BSBR) Stock Crosses Below 200-Day Moving Average - Here's What Happened

Banco Santander (Brasil) S.A. (NYSE:BSBR - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.96 and traded as low as $3.84. Banco Santander (Brasil) shares last traded at $3.89, with a volume of 327,306 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. StockNews.com downgraded shares of Banco Santander (Brasil) from a "buy" rating to a "hold" rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. raised Banco Santander (Brasil) from a "neutral" rating to an "overweight" rating and lowered their target price for the company from $7.00 to $6.00 in a report on Monday, November 25th. Finally, Bank of America cut Banco Santander (Brasil) from a "buy" rating to a "neutral" rating in a research report on Tuesday, December 10th.

Banco Santander (Brasil) Stock Performance

The firm has a market cap of $14.55 billion, a price-to-earnings ratio of 5.21, a PEG ratio of 0.28 and a beta of 1.02. The stock's fifty day moving average is $4.37 and its two-hundred day moving average is $4.95. 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 declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, October 21st were issued a dividend of $0.0714 per share. The ex-dividend date was Monday, October 21st. This represents a $0.29 dividend on an annualized basis and a dividend yield of 7.31%. Banco Santander (Brasil)'s dividend payout ratio (DPR) is presently 4.00%.

Institutional Inflows and Outflows

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