Banco Santander (Brasil) S.A. (NYSE:BSBR) Sees Significant Increase in Short Interest

Banco Santander (Brasil) S.A. (NYSE:BSBR - Get Free Report) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 3,230,000 shares, a growth of 21.0% from the February 13th total of 2,670,000 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 692,300 shares, the short-interest ratio is presently 4.7 days.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. StockNews.com cut shares of Banco Santander (Brasil) from a "buy" rating to a "hold" rating in a report on Friday, February 21st. The Goldman Sachs Group raised shares of Banco Santander (Brasil) from a "sell" rating to a "neutral" rating and boosted their target price for the company from $4.20 to $4.70 in a report on Wednesday, February 12th. JPMorgan Chase & Co. raised shares of 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 shares of Banco Santander (Brasil) from a "buy" rating to a "neutral" rating in a report on Tuesday, December 10th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership grew its position in Banco Santander (Brasil) by 2.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,931,201 shares of the bank's stock worth $7,551,000 after acquiring an additional 51,542 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Banco Santander (Brasil) by 49.2% during the third quarter. Wellington Management Group LLP now owns 1,137,946 shares of the bank's stock valued at $5,986,000 after acquiring an additional 375,364 shares during the last quarter. Marshall Wace LLP raised its stake in Banco Santander (Brasil) by 35.1% in the fourth quarter. Marshall Wace LLP now owns 750,403 shares of the bank's stock worth $2,934,000 after buying an additional 194,984 shares in the last quarter. American Century Companies Inc. raised its stake in Banco Santander (Brasil) by 10.8% in the fourth quarter. American Century Companies Inc. now owns 548,931 shares of the bank's stock worth $2,146,000 after buying an additional 53,542 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Banco Santander (Brasil) by 92.3% in the fourth quarter. Bank of America Corp DE now owns 256,119 shares of the bank's stock worth $1,001,000 after buying an additional 122,924 shares in the last quarter. 14.53% of the stock is currently owned by hedge funds and other institutional investors.

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Banco Santander (Brasil) Price Performance

Shares of BSBR traded down $0.03 during mid-day trading on Friday, reaching $4.74. 1,037,295 shares of the stock traded hands, compared to its average volume of 485,358. The firm has a fifty day moving average price of $4.49 and a 200 day moving average price of $4.64. The company has a market cap of $17.62 billion, a price-to-earnings ratio of 5.85, a price-to-earnings-growth ratio of 0.73 and a beta of 1.01. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.25. Banco Santander has a 1 year low of $3.75 and a 1 year high of $6.01.

Banco Santander (Brasil) Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Friday, January 24th were given a $0.066 dividend. The ex-dividend date was Friday, January 24th. This represents a $0.26 annualized dividend and a yield of 5.57%. Banco Santander (Brasil)'s dividend payout ratio (DPR) is presently 24.69%.

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.