Banco Santander (Brasil) (NYSE:BSBR) Shares Cross Above 200-Day Moving Average - Time to Sell?

Banco Santander (Brasil) S.A. (NYSE:BSBR - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.62 and traded as high as $4.83. Banco Santander (Brasil) shares last traded at $4.80, with a volume of 486,652 shares.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Bank of America cut Banco Santander (Brasil) from a "buy" rating to a "neutral" rating in a research note on Tuesday, December 10th. StockNews.com lowered shares of Banco Santander (Brasil) from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Finally, The Goldman Sachs Group raised shares of Banco Santander (Brasil) from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $4.20 to $4.70 in a report on Wednesday, February 12th.

Banco Santander (Brasil) Trading Down 0.9 %

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a market cap of $17.74 billion, a P/E ratio of 5.88, a P/E/G ratio of 0.73 and a beta of 1.01. The firm has a 50 day simple moving average of $4.56 and a 200 day simple moving average of $4.61.

Banco Santander (Brasil) Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Friday, January 24th were issued a dividend of $0.066 per share. This represents a $0.26 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date was Friday, January 24th. Banco Santander (Brasil)'s dividend payout ratio (DPR) is presently 24.69%.

Institutional Investors Weigh In On Banco Santander (Brasil)

Institutional investors and hedge funds have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. increased its stake in Banco Santander (Brasil) by 68.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,741 shares of the bank's stock worth $99,000 after acquiring an additional 7,608 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Banco Santander (Brasil) in the 3rd quarter worth approximately $103,000. BNP Paribas Financial Markets increased its holdings in shares of Banco Santander (Brasil) by 186.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 42,558 shares of the bank's stock worth $224,000 after buying an additional 27,675 shares during the last quarter. Walleye Capital LLC purchased a new stake in shares of Banco Santander (Brasil) during the 3rd quarter valued at $85,000. Finally, Verition Fund Management LLC bought a new stake in shares of Banco Santander (Brasil) during the 3rd quarter worth $101,000. 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.