Banco Santander (Brasil) (NYSE:BSBR) Sees Strong Trading Volume – Should You Buy?

Banco Santander (Brasil) S.A. (NYSE:BSBR) shares saw unusually-high trading volume on Tuesday . Approximately 1,993,831 shares were traded during mid-day trading, an increase of 78% from the previous session’s volume of 1,120,331 shares.The stock last traded at $4.08 and had previously closed at $3.97.

Analysts Set New Price Targets

A number of analysts have issued reports on BSBR shares. StockNews.com lowered Banco Santander (Brasil) from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Bank of America downgraded Banco Santander (Brasil) from a “buy” rating to a “neutral” rating in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. upgraded Banco Santander (Brasil) from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $7.00 to $6.00 in a report on Monday, November 25th.

Banco Santander (Brasil) Stock Performance

The stock’s 50-day moving average is $4.25 and its 200-day moving average is $4.91. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.25. The stock has a market cap of $14.96 billion, a price-to-earnings ratio of 5.36, a P/E/G ratio of 0.28 and a beta of 1.01.

Banco Santander (Brasil) Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, October 21st were paid a $0.0714 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 7.11%. The ex-dividend date of this dividend was Monday, October 21st. Banco Santander (Brasil)’s dividend payout ratio is presently 4.00%.

Institutional Investors Weigh In On Banco Santander (Brasil)

Several institutional investors and hedge funds have recently modified their holdings of BSBR. Wellington Management Group LLP lifted its holdings in Banco Santander (Brasil) by 49.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,137,946 shares of the bank’s stock worth $5,986,000 after buying an additional 375,364 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Banco Santander (Brasil) in the second quarter valued at about $575,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in 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 purchasing an additional 7,608 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Banco Santander (Brasil) by 107.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 378,361 shares of the bank’s stock worth $1,990,000 after purchasing an additional 196,141 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Banco Santander (Brasil) by 8.5% during the 2nd quarter. American Century Companies Inc. now owns 409,483 shares of the bank’s stock valued at $2,023,000 after buying an additional 32,238 shares during the last quarter. Hedge funds and other institutional investors own 14.53% of the company’s stock.

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.