17,253 Shares in Banco Santander Brasil SA $BSBR Acquired by Vise Technologies Inc.

Vise Technologies Inc. bought a new position in shares of Banco Santander Brasil SA (NYSE:BSBR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,253 shares of the bank’s stock, valued at approximately $94,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Banco Santander Brasil during the 2nd quarter valued at $70,000. Savant Capital LLC acquired a new stake in shares of Banco Santander Brasil during the second quarter worth $123,000. Hantz Financial Services Inc. lifted its holdings in shares of Banco Santander Brasil by 553.9% during the second quarter. Hantz Financial Services Inc. now owns 6,997 shares of the bank’s stock valued at $38,000 after purchasing an additional 5,927 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Banco Santander Brasil by 48.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,617 shares of the bank’s stock valued at $63,000 after purchasing an additional 3,813 shares during the period. Finally, GAMMA Investing LLC increased its stake in Banco Santander Brasil by 27.5% in the 2nd quarter. GAMMA Investing LLC now owns 20,256 shares of the bank’s stock worth $110,000 after purchasing an additional 4,372 shares in the last quarter. Institutional investors and hedge funds own 14.53% of the company’s stock.

Banco Santander Brasil Price Performance

NYSE BSBR opened at $6.28 on Wednesday. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.37 and a quick ratio of 1.37. The company has a 50 day simple moving average of $5.59 and a 200-day simple moving average of $5.31. Banco Santander Brasil SA has a 52-week low of $3.75 and a 52-week high of $6.43.

Banco Santander Brasil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Thursday, October 23rd were issued a dividend of $0.0983 per share. The ex-dividend date was Thursday, October 23rd. This represents a $0.39 annualized dividend and a dividend yield of 6.3%. This is an increase from Banco Santander Brasil’s previous quarterly dividend of $0.07.

Analysts Set New Price Targets

BSBR has been the subject of a number of analyst reports. The Goldman Sachs Group lowered shares of Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Wall Street Zen upgraded shares of Banco Santander Brasil from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Banco Santander Brasil in a research note on Thursday, November 13th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Banco Santander Brasil currently has an average rating of “Hold” and an average target price of $5.35.

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.