Banco Santander (Brasil) SA (NYSE: BSBR – Get a rating) was the target of strong short-term interest growth during the month of June. As of June 15, there was short interest totaling 7,230,000 shares, a growth of 21.7% from the total of 5,940,000 shares as of May 31. Based on an average trading volume of 1,460,000 shares, the day-to-cover ratio is currently 5.0 days.
BSBR has been the subject of a number of research analyst reports. TheStreet upgraded Banco Santander (Brazil) from a “c+” rating to a “b-” rating in a Friday, March 25 report. StockNews.com launched a coverage on Banco Santander (Brazil) in a report on Thursday, March 31. They issued a “hold” rating for the company. Four analysts rated the stock with a holding rating. According to data from MarketBeat, Banco Santander (Brasil) currently has an average rating of “Hold” and an average price target of $6.00.
A number of large investors have recently increased or reduced their stake in BSBR. Invesco Ltd. increased its position in Banco Santander (Brazil) by 2,783.2% in the 1st quarter. Invesco Ltd. now owns 5,313,671 shares of the bank valued at $40,915,000 after purchasing an additional 5,129,375 shares during the period. Bank of America Corp DE increased its position in Banco Santander (Brasil) by 991.8% in the 4th quarter. Bank of America Corp DE now owns 678,976 shares of the bank valued at $3,647,000 after purchasing an additional 616,788 shares during the period. Citadel Advisors LLC increased its position in Banco Santander (Brasil) by 140.6% in the third quarter. Citadel Advisors LLC now owns 774,554 shares of the bank valued at $5,066,000 after purchasing an additional 452,678 shares during the period. SPX Equities Gestao de Recursos Ltda increased its position in Banco Santander (Brasil) by 133,874.7% during the 4th quarter. SPX Equities Gestao de Recursos Ltda now owns 301,443 shares of the bank valued at $1,619,000 after purchasing an additional 301,218 shares during the period. Finally, Newfoundland Capital Management acquired a new position in Banco Santander (Brasil) during the 4th quarter valued at approximately $1,376,000.
NYSE: BSBR traded down $0.01 in Monday’s midday session, hitting $5.48. 92,754 shares of the company were traded, against an average volume of 1,524,457. Banco Santander has a 12-month low of $5.18 and a 12-month high of $8.35. The company has a market capitalization of $20.46 billion, a price-to-earnings ratio of 13.70, a growth price-to-earnings ratio of 0.88 and a beta of 1.05. The company has a fifty-day moving average price of $6.37 and a 200-day moving average price of $6.38.
The company also recently disclosed a variable dividend, which was paid on Monday, May 23. Investors of record on Monday, April 25 received a dividend of $0.0352 per share. The ex-dividend date was Friday, April 22. This represents a return of 5.55%. The dividend distribution rate of Banco Santander (Brazil) is currently 92.50%.
About Banco Santander (Brazil) (Get a rating)
Banco Santander (Brasil) SA, together with its subsidiaries, provides various banking products and services to individuals, small and medium enterprises and corporations in Brazil and abroad. The Company operates in two segments, Commercial Banking and Global Wholesale Banking. It offers deposits and other bank financing instruments; debit and credit cards; prepaid digital solutions; payment platform; Loyalty programs; employee benefit vouchers; payday loans; digital lending and online debt renegotiation services; mortgages; home equity financing products; Consumer credit ; and local loans, trade and commercial finance, guarantees, structured loans, cash management and financing solutions, and loan transfer services.
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