Banco Santander Brasil SA (NYSE:BSBR) Short Interest Up 64.7% in August

Banco Santander Brasil SA (NYSE:BSBR) was the recipient of a significant growth in short interest in 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. Based on an average trading volume of 5,576,364 shares, the days-to-cover ratio is presently 2.0 days. Approximately 0.3% of the shares of the stock are short sold.

Insider Activity at Banco Santander Brasil

In other Banco Santander Brasil news, insider Robson De Souza Rezende sold 39,874 shares of Banco Santander Brasil stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $5.70, for a total value of $227,281.80. Following the completion of the transaction, the insider owned 31,003 shares in the company, valued at approximately $176,717.10. The trade was a 56.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gustavo De Sousa Santos sold 29,200 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $5.70, for a total transaction of $166,440.00. Following the sale, the insider directly owned 53,023 shares in the company, valued at approximately $302,231.10. This represents a 35.51% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders purchased 500,251 shares of company stock valued at $2,651,888 and sold 161,268 shares valued at $921,265. Insiders own 0.06% of the company’s stock.

Institutional Investors Weigh In On Banco Santander Brasil

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its stake in Banco Santander Brasil by 288.1% in the fourth quarter. Royal Bank of Canada now owns 5,038 shares of the bank’s stock valued at $31,000 after buying an additional 3,740 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Banco Santander Brasil by 251.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,804 shares of the bank’s stock worth $34,000 after buying an additional 4,153 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Banco Santander Brasil in the 4th quarter valued at about $36,000. Cubist Systematic Strategies LLC bought a new stake in shares of Banco Santander Brasil in the 1st quarter valued at about $46,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Banco Santander Brasil in the 3rd quarter valued at approximately $78,000. Institutional investors own 14.53% of the company’s stock.

Banco Santander Brasil Stock Performance

BSBR stock traded down $0.06 during midday trading on Monday, reaching $5.75. The company’s stock had a trading volume of 3,177,906 shares, compared to its average volume of 1,701,805. The business’s 50-day simple moving average is $5.47 and its 200-day simple moving average is $5.75. 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 has a 52 week low of $4.94 and a 52 week high of $7.32.

Banco Santander Brasil Dividend Announcement

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

Analyst Ratings Changes

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

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.