Banco Santander (Brasil) S.A. (NYSE:BSBR) Short Interest Up 32.7% in November

Banco Santander (Brasil) S.A. (NYSE:BSBR - Get Free Report) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 1,240,000 shares, a growth of 32.7% from the November 15th total of 934,500 shares. Based on an average daily volume of 350,400 shares, the days-to-cover ratio is presently 3.5 days.

Institutional Trading of Banco Santander (Brasil)

Several hedge funds and other institutional investors have recently bought and sold shares of BSBR. Cubist Systematic Strategies LLC purchased a new position in Banco Santander (Brasil) in the second quarter valued at $575,000. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Banco Santander (Brasil) by 68.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,741 shares of the bank's stock valued at $99,000 after acquiring an additional 7,608 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of Banco Santander (Brasil) by 107.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 378,361 shares of the bank's stock valued at $1,990,000 after purchasing an additional 196,141 shares in the last quarter. American Century Companies Inc. raised its holdings in Banco Santander (Brasil) by 8.5% in the 2nd 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 during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its position in Banco Santander (Brasil) by 41.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,024 shares of the bank's stock worth $71,000 after purchasing an additional 4,387 shares in the last quarter. 14.53% of the stock is owned by institutional investors and hedge funds.

Banco Santander (Brasil) Stock Performance

Shares of NYSE:BSBR traded down $0.10 during midday trading on Friday, reaching $4.04. The company's stock had a trading volume of 339,679 shares, compared to its average volume of 452,805. The stock has a fifty day moving average of $4.66 and a 200 day moving average of $5.06. Banco Santander has a twelve month low of $4.04 and a twelve month high of $6.66. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.25.

Banco Santander (Brasil) Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, October 21st were issued a $0.0714 dividend. The ex-dividend date of this dividend was Monday, October 21st. This represents a $0.29 annualized dividend and a dividend yield of 7.07%.

Analysts Set New Price Targets

BSBR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised shares of Banco Santander (Brasil) from a "neutral" rating to an "overweight" rating and dropped their price objective for the company from $7.00 to $6.00 in a report on Monday, November 25th. Bank of America downgraded Banco Santander (Brasil) from a "buy" rating to a "neutral" rating in a research note on Tuesday, December 10th. Finally, StockNews.com cut Banco Santander (Brasil) from a "buy" rating to a "hold" rating in a research note on Tuesday, November 26th.

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.