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

Banco Santander Brasil SA (NYSE:BSBR) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 3,993,367 shares, an increase of 65.9% from the March 15th total of 2,406,526 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 1,154,791 shares, the days-to-cover ratio is presently 3.5 days.

Insider Activity

In other news, insider Rafael Abujamra Kappaz sold 31,285 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $5.76, for a total value of $180,201.60. Following the completion of the sale, the insider directly owned 35,049 shares of the company’s stock, valued at $201,882.24. This trade represents a 47.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.06% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Banco Santander Brasil

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its position in 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. Caitong International Asset Management Co. Ltd bought a new position in shares of Banco Santander Brasil in the fourth quarter worth about $36,000. Cubist Systematic Strategies LLC acquired a new stake in Banco Santander Brasil in the first quarter valued at approximately $46,000. Tuttle Capital Management LLC acquired a new stake in shares of Banco Santander Brasil during the 4th quarter valued at $66,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of Banco Santander Brasil during the 4th quarter valued at $76,000. 14.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Weiss Ratings downgraded Banco Santander Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 6th. Wall Street Zen raised shares of Banco Santander Brasil from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 27th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Banco Santander Brasil Trading Down 1.8%

NYSE BSBR traded down $0.12 on Wednesday, reaching $6.34. The stock had a trading volume of 365,106 shares, compared to its average volume of 1,011,347. The company has a debt-to-equity ratio of 3.15, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a fifty day moving average of $6.26 and a two-hundred day moving average of $6.11. Banco Santander Brasil has a 1-year low of $4.60 and a 1-year high of $7.32.

Banco Santander Brasil Dividend Announcement

The business also recently declared a special dividend, which will be paid on Monday, May 18th. Investors of record on Thursday, April 23rd will be given a dividend of $0.1064 per share. The ex-dividend date of this dividend is Thursday, April 23rd.

Banco Santander Brasil Company Profile

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.