Banco Santander Brasil SA (NYSE:BSBR) Short Interest Update
by Danessa Lincoln · The Markets DailyBanco Santander Brasil SA (NYSE:BSBR – Get Free Report) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 1,773,890 shares, a drop of 17.2% from the December 15th total of 2,141,662 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 552,723 shares, the days-to-cover ratio is currently 3.2 days. Based on an average daily volume of 552,723 shares, the days-to-cover ratio is currently 3.2 days. Currently, 0.0% of the company’s shares are short sold.
Institutional Investors Weigh In On Banco Santander Brasil
Hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its stake in Banco Santander Brasil by 21.2% in the 2nd quarter. American Century Companies Inc. now owns 744,630 shares of the bank’s stock worth $4,058,000 after purchasing an additional 130,366 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Banco Santander Brasil by 5.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,526,757 shares of the bank’s stock valued at $13,771,000 after purchasing an additional 121,804 shares in the last quarter. GAMMA Investing LLC raised its holdings in Banco Santander Brasil by 27.5% in the second quarter. GAMMA Investing LLC now owns 20,256 shares of the bank’s stock worth $110,000 after buying an additional 4,372 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Banco Santander Brasil by 48.9% in the second quarter. Public Employees Retirement System of Ohio now owns 11,617 shares of the bank’s stock worth $63,000 after buying an additional 3,813 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Banco Santander Brasil during the second quarter valued at approximately $70,000. 14.53% of the stock is owned by institutional investors.
Banco Santander Brasil Price Performance
NYSE BSBR traded up $0.20 during trading hours on Tuesday, reaching $6.33. 816,474 shares of the company’s stock traded hands, compared to its average volume of 864,324. Banco Santander Brasil has a 52-week low of $4.15 and a 52-week high of $6.59. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 3.13. The firm has a 50-day simple moving average of $6.18 and a 200 day simple moving average of $5.57.
Banco Santander Brasil Announces Dividend
The business also recently declared a special dividend, which will be paid on Wednesday, February 18th. Stockholders of record on Thursday, January 22nd will be given a $0.1001 dividend. The ex-dividend date of this dividend is Thursday, January 22nd.
Analyst Upgrades and Downgrades
A number of research analysts have commented on BSBR shares. The Goldman Sachs Group lowered Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Wall Street Zen raised Banco Santander Brasil from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings lowered Banco Santander Brasil from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, January 12th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $4.70.
Get Our Latest Analysis on Banco Santander Brasil
Banco Santander Brasil Company Profile
Banco Santander Brasil SA is the Brazilian unit of Spain-based Grupo Santander and one of the country’s major commercial banks. Headquartered in São Paulo, the bank serves a broad client base across Brazil through an integrated network of branches, ATMs and digital channels. Its shares are represented abroad via American Depositary Shares listed on the New York Stock Exchange under the ticker BSBR.
The bank offers a full range of financial products and services for retail, small and medium-sized enterprises, and corporate clients.