Banco Santander Brasil SA (NYSE:BSBR) Short Interest Update

Banco Santander Brasil SA (NYSE:BSBR) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 1,802,734 shares, a growth of 18.5% from the February 12th total of 1,521,728 shares. Based on an average daily volume of 789,075 shares, the days-to-cover ratio is currently 2.3 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 789,075 shares, the days-to-cover ratio is currently 2.3 days.

Analyst Ratings Changes

Several research firms have issued reports on BSBR. Weiss Ratings cut shares of Banco Santander Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 6th. Wall Street Zen lowered shares of Banco Santander Brasil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 11th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Banco Santander Brasil currently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Banco Santander Brasil

A number of institutional investors have recently bought and sold shares of BSBR. Empowered Funds LLC purchased a new position in Banco Santander Brasil during the fourth quarter worth approximately $9,772,000. Aquamarine Financial Cayman Ltd grew its stake in shares of Banco Santander Brasil by 8.6% during the 4th quarter. Aquamarine Financial Cayman Ltd now owns 9,770,322 shares of the bank’s stock valued at $59,697,000 after buying an additional 775,000 shares during the period. Alpine Global Management LLC purchased a new stake in shares of Banco Santander Brasil during the 4th quarter valued at $4,735,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Banco Santander Brasil by 17.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,957,288 shares of the bank’s stock worth $16,531,000 after buying an additional 430,531 shares during the last quarter. Finally, Millennium Management LLC raised its position in shares of Banco Santander Brasil by 2,671.0% in the 3rd quarter. Millennium Management LLC now owns 326,451 shares of the bank’s stock worth $1,825,000 after buying an additional 314,670 shares during the period. 14.53% of the stock is currently owned by hedge funds and other institutional investors.

Banco Santander Brasil Stock Performance

Shares of NYSE:BSBR traded down $0.09 during midday trading on Wednesday, reaching $5.73. The company’s stock had a trading volume of 628,722 shares, compared to its average volume of 1,020,961. The business has a 50 day moving average price of $6.50 and a 200 day moving average price of $6.03. Banco Santander Brasil has a 1 year low of $4.26 and a 1 year high of $7.32. The company has a debt-to-equity ratio of 3.15, a current ratio of 1.62 and a quick ratio of 1.62.

Banco Santander Brasil Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Wednesday, February 18th. Stockholders of record on Thursday, January 22nd were issued a dividend of $0.1001 per share. The ex-dividend date was Thursday, January 22nd.

About Banco Santander Brasil

Banco Santander Brasil SA is the Brazilian unit of Spain-based Grupo Santander and one of the country’s major commercial banks. Headquartered in São Paulo, the bank serves a broad client base across Brazil through an integrated network of branches, ATMs and digital channels. Its shares are represented abroad via American Depositary Shares listed on the New York Stock Exchange under the ticker BSBR.

The bank offers a full range of financial products and services for retail, small and medium-sized enterprises, and corporate clients.