Banco Santander (Brasil) (NYSE:BSBR) Reaches New 52-Week Low – Time to Sell?

Banco Santander (Brasil) S.A. (NYSE:BSBR) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $3.75 and last traded at $3.78, with a volume of 804960 shares changing hands. The stock had previously closed at $4.04.

Wall Street Analyst Weigh In

A number of analysts have commented on BSBR shares. JPMorgan Chase & Co. raised Banco Santander (Brasil) from a “neutral” rating to an “overweight” rating and decreased their price objective for the stock from $7.00 to $6.00 in a report on Monday, November 25th. Bank of America cut shares of Banco Santander (Brasil) from a “buy” rating to a “neutral” rating in a report on Tuesday, December 10th. Finally, StockNews.com cut shares of Banco Santander (Brasil) from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th.

Banco Santander (Brasil) Stock Up 4.4 %

The stock’s 50-day moving average price is $4.54 and its two-hundred day moving average price is $5.01. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $14.96 billion, a P/E ratio of 5.36, a P/E/G ratio of 0.28 and a beta of 1.02.

Banco Santander (Brasil) Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Monday, October 21st were paid a $0.0714 dividend. The ex-dividend date was Monday, October 21st. This represents a $0.29 annualized dividend and a dividend yield of 7.11%. Banco Santander (Brasil)’s payout ratio is presently 4.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BSBR. Wellington Management Group LLP boosted its holdings in Banco Santander (Brasil) by 49.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,137,946 shares of the bank’s stock worth $5,986,000 after buying an additional 375,364 shares during the period. Marshall Wace LLP grew its position in shares of Banco Santander (Brasil) by 44.0% in the second quarter. Marshall Wace LLP now owns 1,099,003 shares of the bank’s stock valued at $5,429,000 after purchasing an additional 335,915 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Banco Santander (Brasil) by 107.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 378,361 shares of the bank’s stock valued at $1,990,000 after purchasing an additional 196,141 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Banco Santander (Brasil) during the 2nd quarter worth about $575,000. Finally, Longfellow Investment Management Co. LLC grew its holdings in Banco Santander (Brasil) by 220.2% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 120,528 shares of the bank’s stock valued at $595,000 after buying an additional 82,890 shares in the last quarter. Institutional investors 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.