Banco Santander Brasil SA (NYSE:BSBR) Sees Large Growth in Short Interest

Banco Santander Brasil SA (NYSE:BSBR) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 6,255,524 shares, an increase of 73.6% from the May 31st total of 3,604,037 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 1,573,854 shares, the days-to-cover ratio is currently 4.0 days.

Insider Buying and Selling at Banco Santander Brasil

In related news, insider Eduardo Alvarez Garrido sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $5.43, for a total transaction of $40,725.00. Following the completion of the sale, the insider directly owned 24,701 shares in the company, valued at approximately $134,126.43. This trade represents a 23.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mario Roberto Opice Leao purchased 276,851 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were purchased at an average price of $5.38 per share, with a total value of $1,489,458.38. Following the acquisition, the chief executive officer directly owned 536,751 shares in the company, valued at approximately $2,887,720.38. The trade was a 106.52% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders acquired 500,251 shares of company stock valued at $2,651,888. 0.06% of the stock is owned by company insiders.

Institutional Investors Weigh In On Banco Santander Brasil

Hedge funds and other institutional investors have recently bought and sold shares of the business. Aquamarine Financial Cayman Ltd lifted its stake in shares of Banco Santander Brasil by 8.6% in the fourth quarter. Aquamarine Financial Cayman Ltd now owns 9,770,322 shares of the bank’s stock valued at $59,697,000 after purchasing an additional 775,000 shares during the period. Alpine Global Management LLC purchased a new position in Banco Santander Brasil in the fourth quarter valued at about $4,735,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in Banco Santander Brasil in the fourth quarter valued at about $76,000. Tuttle Capital Management LLC acquired a new stake in shares of Banco Santander Brasil during the 4th quarter valued at approximately $66,000. Finally, Campbell & CO Investment Adviser LLC lifted its position in shares of Banco Santander Brasil by 137.8% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 75,400 shares of the bank’s stock valued at $461,000 after acquiring an additional 43,691 shares during the period. Institutional investors and hedge funds own 14.53% of the company’s stock.

Banco Santander Brasil Trading Up 0.3%

Shares of Banco Santander Brasil stock traded up $0.01 during trading on Thursday, reaching $5.21. The company’s stock had a trading volume of 915,856 shares, compared to its average volume of 1,126,150. Banco Santander Brasil has a fifty-two week low of $4.62 and a fifty-two week high of $7.32. The company has a 50-day moving average price of $5.50 and a two-hundred day moving average price of $6.01. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.29 and a current ratio of 1.29.

Banco Santander Brasil Dividend Announcement

The firm also recently announced a special dividend, which was paid on Monday, May 18th. Stockholders of record on Thursday, April 23rd were paid a dividend of $0.1064 per share. The ex-dividend date of this dividend was Thursday, April 23rd.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Weiss Ratings downgraded shares of Banco Santander Brasil from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. Wall Street Zen cut Banco Santander Brasil from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Banco Santander Brasil currently has an average rating of “Reduce”.

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.