Banco Santander (Brasil) S.A. (NYSE:BSBR) Short Interest Update

Banco Santander (Brasil) S.A. (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 totalling 1,590,000 shares, an increase of 5.3% from the March 15th total of 1,510,000 shares. Based on an average trading volume of 594,200 shares, the short-interest ratio is presently 2.7 days.

Institutional Trading of Banco Santander (Brasil)

Hedge funds have recently made changes to their positions in the stock. Invesco Ltd. increased its holdings in shares of Banco Santander (Brasil) by 2,783.2% during the first quarter. Invesco Ltd. now owns 5,313,671 shares of the bank’s stock valued at $40,915,000 after acquiring an additional 5,129,375 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Banco Santander (Brasil) by 117.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,419,539 shares of the bank’s stock worth $18,431,000 after buying an additional 1,844,359 shares in the last quarter. Wellington Management Group LLP purchased a new position in Banco Santander (Brasil) in the 4th quarter worth approximately $5,064,000. SPX Gestao de Recursos Ltda increased its holdings in shares of Banco Santander (Brasil) by 570.9% in the 4th quarter. SPX Gestao de Recursos Ltda now owns 715,921 shares of the bank’s stock worth $4,689,000 after purchasing an additional 609,216 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Banco Santander (Brasil) by 993.3% in the second quarter. Goldman Sachs Group Inc. now owns 658,120 shares of the bank’s stock worth $4,186,000 after purchasing an additional 597,926 shares during the last quarter. 14.53% of the stock is owned by institutional investors.

Banco Santander (Brasil) Price Performance

NYSE:BSBR traded up $0.01 during mid-day trading on Wednesday, reaching $5.14. 303,585 shares of the company’s stock traded hands, compared to its average volume of 576,929. Banco Santander has a 12-month low of $4.93 and a 12-month high of $6.66. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.17. The company has a 50 day moving average price of $5.67 and a 200-day moving average price of $5.86.

Banco Santander (Brasil) Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, April 23rd will be paid a dividend of $0.0792 per share. This is an increase from Banco Santander (Brasil)’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.16%.

Banco Santander (Brasil) Company Profile

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.