Banco Santander (Brasil) S.A. (NYSE:BSBR – Get Free Report) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 1,590,000 shares, a growth of 5.3% from the March 15th total of 1,510,000 shares. Based on an average daily volume of 594,200 shares, the days-to-cover ratio is presently 2.7 days.
Banco Santander (Brasil) Stock Performance
Shares of BSBR opened at $5.14 on Thursday. The company has a 50-day simple moving average of $5.65 and a 200-day simple moving average of $5.86. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.17. Banco Santander has a 52-week low of $4.93 and a 52-week high of $6.66.
Banco Santander (Brasil) Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, April 23rd will be issued a $0.0792 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.17%. The ex-dividend date is Monday, April 22nd. This is an increase from Banco Santander (Brasil)’s previous quarterly dividend of $0.06.
Hedge Funds Weigh In On Banco Santander (Brasil)
About Banco Santander (Brasil)
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.
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