Banco Santander Brasil SA (NYSE:BSBR) Stock Short Interest Report for October

by · The Markets Daily

Banco Santander Brasil SA (NYSE:BSBR – Get Free Report) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 4,561,186 shares, a drop of 49.2% from the September 30th total of 8,976,110 shares. Based on an average trading volume of 4,972,151 shares, the short-interest ratio is currently 0.9 days. Approximately 0.1% of the shares of the stock are short sold.

Banco Santander Brasil Stock Performance

Shares of NYSE BSBR traded down $0.15 during trading on Friday, hitting $4.42. The company had a trading volume of 3,786,313 shares, compared to its average volume of 5,235,050. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 3.34. The stock has a 50 day simple moving average of $5.65 and a 200 day simple moving average of $5.82. Banco Santander Brasil has a 12 month low of $4.38 and a 12 month high of $7.32.

Banco Santander Brasil (NYSE:BSBR – Get Free Report) last posted its earnings results on Wednesday, October 28th. The bank reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.10). The business had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.98 billion. Banco Santander Brasil had a net margin of 7.49% and a return on equity of 11.06%. Equities analysts forecast that Banco Santander Brasil will post 0.71 earnings per share for the current fiscal year.

Banco Santander Brasil Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Thursday, October 22nd will be issued a dividend of $0.0804 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 7.3%. This is a negative change from Banco Santander Brasil’s previous quarterly dividend of $0.1045. The ex-dividend date of this dividend is Thursday, October 22nd.

Insider Buying and Selling at Banco Santander Brasil

In other Banco Santander Brasil news, VP Edmilson Saes sold 50,000 shares of the company’s stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $5.79, for a total transaction of $289,500.00. Following the sale, the vice president owned 300,203 shares in the company, valued at $1,738,175.37. This represents a 14.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Mariana Cahen Margulies sold 42,545 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $5.70, for a total transaction of $242,506.50. Following the sale, the insider directly owned 40,275 shares in the company, valued at approximately $229,567.50. The trade was a 51.37% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 233,438 shares of company stock valued at $1,338,299. Insiders own 0.06% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BSBR. Farther Finance Advisors LLC raised its position in Banco Santander Brasil by 80.9% in the third quarter. Farther Finance Advisors LLC now owns 4,501 shares of the bank’s stock valued at $25,000 after purchasing an additional 2,013 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Banco Santander Brasil by 251.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,804 shares of the bank’s stock worth $34,000 after acquiring an additional 4,153 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Banco Santander Brasil by 41.6% during the first quarter. Royal Bank of Canada now owns 7,136 shares of the bank’s stock worth $43,000 after purchasing an additional 2,098 shares during the last quarter. QRG Capital Management Inc. acquired a new position in Banco Santander Brasil in the second quarter valued at $57,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in Banco Santander Brasil by 44.2% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 18,020 shares of the bank’s stock valued at $107,000 after buying an additional 5,527 shares during the period. Hedge funds and other institutional investors own 14.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Zacks Research raised shares of Banco Santander Brasil from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 20th. JPMorgan Chase & Co. cut shares of Banco Santander Brasil from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $6.50 to $6.00 in a report on Thursday, July 30th. UBS Group cut shares of Banco Santander Brasil from a “buy” rating to a “neutral” rating in a research report on Monday, August 24th. Weiss Ratings cut Banco Santander Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, October 26th. Finally, Wall Street Zen lowered shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Five research analysts have rated the stock with a Hold rating. According to MarketBeat.com, Banco Santander Brasil has a consensus rating of “Hold” and an average target price of $6.10.

Get Our Latest Stock Report on BSBR

Banco Santander Brasil Company Profile

(Get Free Report)

Banco Santander (Brasil) SA is a Brazilian financial institution and a subsidiary of Spain-based Banco Santander. It provides banking and financial services to individuals, small and midsize businesses, corporate clients and institutional customers throughout Brazil.

The company’s offerings include checking and savings accounts, consumer and commercial loans, credit and debit cards, mortgages, payroll lending, insurance, investment products, foreign-exchange services, cash management and payment solutions.

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