Banco Santander (Brasil) (NYSE:BSBR) Shares Down 2.2%

Banco Santander (Brasil) S.A. (NYSE:BSBR) traded down 2.2% during trading on Friday . The stock traded as low as $4.94 and last traded at $4.94. 16,555 shares traded hands during trading, a decline of 97% from the average session volume of 553,472 shares. The stock had previously closed at $5.05.

Analyst Ratings Changes

Separately, Bank of America raised Banco Santander (Brasil) from a “neutral” rating to a “buy” rating in a report on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $5.60.

Banco Santander (Brasil) Stock Down 1.6 %

The company has a 50 day simple moving average of $5.33 and a 200-day simple moving average of $5.71. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.26 and a quick ratio of 0.26.

Banco Santander (Brasil) Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Tuesday, April 23rd were paid a $0.0792 dividend. The ex-dividend date was Monday, April 22nd. This represents a $0.32 annualized dividend and a yield of 6.37%. This is a positive change from Banco Santander (Brasil)’s previous quarterly dividend of $0.06.

Institutional Trading of Banco Santander (Brasil)

Hedge funds and other institutional investors have recently bought and sold shares of the company. Banco BTG Pactual S.A. purchased a new stake in shares of Banco Santander (Brasil) during the first quarter valued at approximately $79,000. BNP Paribas Financial Markets boosted its stake in shares of Banco Santander (Brasil) by 220.0% during the first quarter. BNP Paribas Financial Markets now owns 7,095 shares of the bank’s stock valued at $41,000 after purchasing an additional 4,878 shares during the period. Ballentine Partners LLC boosted its stake in shares of Banco Santander (Brasil) by 24.3% during the first quarter. Ballentine Partners LLC now owns 16,137 shares of the bank’s stock valued at $92,000 after purchasing an additional 3,156 shares during the period. Wellington Management Group LLP purchased a new stake in shares of Banco Santander (Brasil) during the fourth quarter valued at approximately $5,064,000. Finally, Vinland Capital Management Gestora de Recursos LTDA. purchased a new stake in shares of Banco Santander (Brasil) during the fourth quarter valued at approximately $655,000. Hedge funds and other institutional investors own 14.53% of the company’s stock.

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.