Banco Santander (Brasil) (NYSE:BSBR) Trading Down 2.2%

Shares of Banco Santander (Brasil) S.A. (NYSE:BSBR) dropped 2.2% during mid-day trading on Friday . The company traded as low as $4.94 and last traded at $4.94. Approximately 16,555 shares were traded during trading, a decline of 97% from the average daily volume of 553,472 shares. The stock had previously closed at $5.05.

Wall Street Analyst Weigh In

Separately, Bank of America raised shares of Banco Santander (Brasil) from a “neutral” rating to a “buy” rating in a research report on Monday, May 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $5.60.

Banco Santander (Brasil) Stock Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.26 and a current ratio of 0.26. The stock’s 50 day simple moving average is $5.32 and its two-hundred day simple moving average is $5.70.

Banco Santander (Brasil) Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Tuesday, April 23rd were paid a $0.0792 dividend. This represents a $0.32 annualized dividend and a dividend yield of 6.41%. The ex-dividend date of this dividend was Monday, April 22nd. This is an increase from Banco Santander (Brasil)’s previous quarterly dividend of $0.06.

Institutional Investors Weigh In On Banco Santander (Brasil)

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ballentine Partners LLC raised its holdings in shares of Banco Santander (Brasil) by 24.3% in the first quarter. Ballentine Partners LLC now owns 16,137 shares of the bank’s stock valued at $92,000 after buying an additional 3,156 shares during the last quarter. Vinland Capital Management Gestora de Recursos LTDA. acquired a new position in shares of Banco Santander (Brasil) in the 4th quarter valued at approximately $655,000. Parallel Advisors LLC grew its position in shares of Banco Santander (Brasil) by 63.5% in the 4th quarter. Parallel Advisors LLC now owns 6,522 shares of the bank’s stock valued at $43,000 after purchasing an additional 2,533 shares during the period. SPX Gestao de Recursos Ltda grew its position in shares of Banco Santander (Brasil) by 570.9% in the 4th quarter. SPX Gestao de Recursos Ltda now owns 715,921 shares of the bank’s stock valued at $4,689,000 after purchasing an additional 609,216 shares during the period. Finally, Jump Financial LLC boosted its position in Banco Santander (Brasil) by 62.6% during the 4th quarter. Jump Financial LLC now owns 74,200 shares of the bank’s stock worth $486,000 after acquiring an additional 28,564 shares during the last quarter. Institutional investors and hedge funds own 14.53% of the company’s stock.

About Banco Santander (Brasil)

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.