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

Banco Santander (Brasil) S.A. (NYSE:BSBR)’s share price reached a new 52-week low on Monday . The stock traded as low as $4.45 and last traded at $4.47, with a volume of 21760 shares changing hands. The stock had previously closed at $4.49.

Wall Street Analysts Forecast Growth

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

Banco Santander (Brasil) Trading Down 0.7 %

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

Banco Santander (Brasil) Cuts Dividend

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

Institutional Trading of Banco Santander (Brasil)

Large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets grew its stake in Banco Santander (Brasil) by 220.0% during the first 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 in the last quarter. GAMMA Investing LLC raised its position in shares of Banco Santander (Brasil) by 183.6% in the 3rd 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 in the last quarter. Barclays PLC lifted 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 period. Vanguard Personalized Indexing Management LLC boosted its position in shares of 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 acquiring an additional 4,387 shares in the last quarter. Finally, Walleye Capital LLC bought a new position in Banco Santander (Brasil) in the third quarter valued at approximately $85,000. 14.53% of the stock is owned by institutional investors and hedge funds.

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.