Banco Santander (Brasil) (NYSE:BSBR) Reaches New 52-Week Low at $4.89

Banco Santander (Brasil) S.A. (NYSE:BSBR) reached a new 52-week low on Monday . The stock traded as low as $4.89 and last traded at $4.91, with a volume of 101887 shares. The stock had previously closed at $4.94.

Analysts Set New Price Targets

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

Banco Santander (Brasil) Stock Performance

The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.17. The business’s fifty day simple moving average is $5.31 and its 200 day simple moving average is $5.68.

Banco Santander (Brasil) Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Tuesday, April 23rd were paid a dividend of $0.0792 per share. This is a boost from Banco Santander (Brasil)’s previous quarterly dividend of $0.06. This represents a $0.32 annualized dividend and a dividend yield of 6.53%. The ex-dividend date of this dividend was Monday, April 22nd.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BSBR. Wellington Management Group LLP acquired a new stake in shares of Banco Santander (Brasil) in the 4th quarter valued at $5,064,000. SPX Gestao de Recursos Ltda increased its position in Banco Santander (Brasil) by 570.9% in the fourth quarter. SPX Gestao de Recursos Ltda now owns 715,921 shares of the bank’s stock worth $4,689,000 after purchasing an additional 609,216 shares during the period. Vinland Capital Management Gestora de Recursos LTDA. bought a new stake in Banco Santander (Brasil) during the 4th quarter worth about $655,000. Jump Financial LLC lifted its position in Banco Santander (Brasil) by 62.6% during the 4th quarter. Jump Financial LLC now owns 74,200 shares of the bank’s stock valued at $486,000 after purchasing an additional 28,564 shares during the period. Finally, Banco BTG Pactual S.A. bought a new position in shares of Banco Santander (Brasil) in the 1st quarter valued at about $79,000. Institutional investors and hedge funds own 14.53% of the company’s stock.

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.