Banco Santander Brasil SA (NYSE:BSBR) Short Interest Update

Banco Santander Brasil SA (NYSE:BSBR) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 11,126,167 shares, a growth of 64.7% from the July 30th total of 6,755,465 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 5,576,364 shares, the days-to-cover ratio is presently 2.0 days.

Insider Transactions at Banco Santander Brasil

In other Banco Santander Brasil news, insider Robson De Souza Rezende sold 39,874 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $5.70, for a total transaction of $227,281.80. Following the transaction, the insider owned 31,003 shares of the company’s stock, valued at approximately $176,717.10. This trade represents a 56.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mariana Cahen Margulies sold 42,545 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $5.70, for a total transaction of $242,506.50. Following the sale, the insider owned 40,275 shares in the company, valued at $229,567.50. This trade represents a 51.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have purchased 500,330 shares of company stock worth $2,652,343 and have sold 161,268 shares worth $921,265. 0.06% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Alpine Global Management LLC acquired a new stake in Banco Santander Brasil during the 4th quarter worth about $4,735,000. Hantz Financial Services Inc. increased its holdings in shares of Banco Santander Brasil by 23.2% in the 4th quarter. Hantz Financial Services Inc. now owns 48,228 shares of the bank’s stock valued at $295,000 after purchasing an additional 9,077 shares during the period. May Hill Capital LLC purchased a new stake in shares of Banco Santander Brasil in the fourth quarter worth approximately $83,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Banco Santander Brasil during the first quarter worth approximately $46,000. Finally, Royal Bank of Canada boosted its holdings in shares of Banco Santander Brasil by 288.1% during the fourth quarter. Royal Bank of Canada now owns 5,038 shares of the bank’s stock worth $31,000 after purchasing an additional 3,740 shares during the period. 14.53% of the stock is owned by institutional investors and hedge funds.

Banco Santander Brasil Stock Down 0.7%

Banco Santander Brasil stock opened at $5.71 on Wednesday. Banco Santander Brasil has a fifty-two week low of $4.94 and a fifty-two week high of $7.32. The firm’s 50 day simple moving average is $5.48 and its 200-day simple moving average is $5.74. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.29 and a quick ratio of 1.29.

Banco Santander Brasil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Thursday, July 30th were issued a $0.1045 dividend. The ex-dividend date was Thursday, July 30th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 7.3%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Zacks Research downgraded Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a research report on Friday, July 3rd. UBS Group lowered Banco Santander Brasil from a “buy” rating to a “neutral” rating in a report on Monday, August 24th. JPMorgan Chase & Co. lowered Banco Santander Brasil from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $6.50 to $6.00 in a report on Thursday, July 30th. Wall Street Zen cut Banco Santander Brasil from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, Weiss Ratings raised Banco Santander Brasil from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Three research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $6.00.

About Banco Santander Brasil

Banco Santander Brasil SA is the Brazilian unit of Spain-based Grupo Santander and one of the country’s major commercial banks. Headquartered in São Paulo, the bank serves a broad client base across Brazil through an integrated network of branches, ATMs and digital channels. Its shares are represented abroad via American Depositary Shares listed on the New York Stock Exchange under the ticker BSBR.

The bank offers a full range of financial products and services for retail, small and medium-sized enterprises, and corporate clients.