Banco Santander (Brasil) (NYSE:BSBR) Reaches New 12-Month Low – Here’s Why

Banco Santander (Brasil) S.A. (NYSE:BSBR) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $4.78 and last traded at $4.79, with a volume of 83998 shares changing hands. The stock had previously closed at $4.91.

Banco Santander (Brasil) Price Performance

The stock has a 50-day simple moving average of $5.31 and a 200-day simple moving average of $5.28.

Banco Santander (Brasil) Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Monday, October 21st will be given a $0.0714 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 6.24%. The ex-dividend date of this dividend is Monday, October 21st.

Hedge Funds Weigh In On Banco Santander (Brasil)

A number of institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets grew its stake in Banco Santander (Brasil) by 220.0% during the 1st quarter. BNP Paribas Financial Markets now owns 7,095 shares of the bank’s stock worth $41,000 after buying an additional 4,878 shares during the last quarter. GAMMA Investing LLC grew its stake in Banco Santander (Brasil) by 183.6% during the 3rd quarter. GAMMA Investing LLC now owns 9,751 shares of the bank’s stock worth $51,000 after buying an additional 6,313 shares during the last quarter. Banco BTG Pactual S.A. bought a new position in Banco Santander (Brasil) during the 1st quarter worth $79,000. Vanguard Personalized Indexing Management LLC grew its stake in Banco Santander (Brasil) by 41.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,024 shares of the bank’s stock worth $71,000 after buying an additional 4,387 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Banco Santander (Brasil) by 11.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 30,067 shares of the bank’s stock worth $149,000 after buying an additional 3,098 shares during the last quarter. 14.53% of the stock is owned by institutional investors and hedge funds.

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.