Banco Santander (Brasil) (NYSE:BSBR) Reaches New 52-Week Low – What’s Next?

Shares of Banco Santander (Brasil) S.A. (NYSE:BSBR) hit a new 52-week low during trading on Monday . The company traded as low as $4.45 and last traded at $4.47, with a volume of 21760 shares traded. The stock had previously closed at $4.49.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Banco Santander (Brasil) from a “hold” rating to a “buy” rating in a research report on Monday.

Banco Santander (Brasil) Stock Performance

The business has a 50-day moving average of $5.06 and a 200-day moving average of $5.21. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.25.

Banco Santander (Brasil) Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, October 21st were paid a dividend of $0.0714 per share. This represents a $0.29 dividend on an annualized basis and a dividend yield of 6.48%. The ex-dividend date of this dividend was Monday, October 21st.

Hedge Funds Weigh In On Banco Santander (Brasil)

A number of institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its stake in shares of 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 purchasing an additional 4,878 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Banco Santander (Brasil) by 183.6% in the third quarter. GAMMA Investing LLC now owns 9,751 shares of the bank’s stock valued at $51,000 after buying an additional 6,313 shares during the last quarter. Barclays PLC increased its holdings in shares of Banco Santander (Brasil) by 221.4% during the 3rd quarter. Barclays PLC now owns 12,428 shares of the bank’s stock worth $65,000 after acquiring an additional 8,561 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in Banco Santander (Brasil) by 41.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,024 shares of the bank’s stock valued at $71,000 after acquiring an additional 4,387 shares during the period. Finally, Walleye Capital LLC bought a new position in Banco Santander (Brasil) during the third quarter worth $85,000. 14.53% of the stock is currently 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.