Banco Santander (Brasil) (NYSE:BSBR) Sees Unusually-High Trading Volume – Time to Buy?

Banco Santander (Brasil) S.A. (NYSE:BSBR) shares saw an uptick in trading volume on Wednesday . 639,969 shares changed hands during mid-day trading, a decline of 23% from the previous session’s volume of 832,923 shares.The stock last traded at $4.27 and had previously closed at $4.18.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. JPMorgan Chase & Co. upgraded Banco Santander (Brasil) from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from $7.00 to $6.00 in a report on Monday, November 25th. Bank of America downgraded Banco Santander (Brasil) from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 10th. Finally, StockNews.com downgraded Banco Santander (Brasil) from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th.

Banco Santander (Brasil) Stock Performance

The firm has a fifty day simple moving average of $4.15 and a 200 day simple moving average of $4.85. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.25.

Banco Santander (Brasil) Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Friday, January 24th will be issued a $0.066 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $0.26 annualized dividend and a yield of 6.16%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its holdings in shares of Banco Santander (Brasil) by 183.6% during the 3rd quarter. GAMMA Investing LLC now owns 9,751 shares of the bank’s stock worth $51,000 after purchasing 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 valued at $71,000 after acquiring an additional 4,387 shares in the last quarter. Walleye Capital LLC bought a new stake in Banco Santander (Brasil) in the third quarter valued at about $85,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Banco Santander (Brasil) by 68.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,741 shares of the bank’s stock worth $99,000 after purchasing an additional 7,608 shares during the period. 14.53% of the stock is owned by institutional investors.

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.