Banco Santander (Brasil) (NYSE:BSBR) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Banco Santander (Brasil) S.A. (NYSE:BSBR) saw unusually-strong trading volume on Wednesday . Approximately 639,969 shares traded hands during mid-day trading, a decline of 23% from the previous session’s volume of 832,923 shares.The stock last traded at $4.27 and had previously closed at $4.18.

Analysts Set New Price Targets

A number of research firms have weighed in on BSBR. Bank of America lowered shares of Banco Santander (Brasil) from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 10th. StockNews.com cut Banco Santander (Brasil) from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. raised Banco Santander (Brasil) from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $7.00 to $6.00 in a report on Monday, November 25th.

Banco Santander (Brasil) Trading Up 0.1 %

The business’s fifty day moving average price is $4.14 and its 200-day moving average price is $4.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.30 and a current ratio of 0.30.

Banco Santander (Brasil) Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Friday, January 24th will be given a $0.066 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 6.17%. The ex-dividend date is Friday, January 24th.

Hedge Funds Weigh In On Banco Santander (Brasil)

Several hedge funds and other institutional investors have recently modified their holdings of BSBR. GAMMA Investing LLC increased its position in Banco Santander (Brasil) by 183.6% during the third quarter. GAMMA Investing LLC now owns 9,751 shares of the bank’s stock valued at $51,000 after acquiring an additional 6,313 shares during the last quarter. Barclays PLC grew its stake in shares of Banco Santander (Brasil) by 221.4% during the 3rd quarter. Barclays PLC now owns 12,428 shares of the bank’s stock valued at $65,000 after purchasing an additional 8,561 shares during the period. R Squared Ltd purchased a new stake in shares of Banco Santander (Brasil) during the 4th quarter valued at about $70,000. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Banco Santander (Brasil) by 41.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,024 shares of the bank’s stock worth $71,000 after purchasing an additional 4,387 shares during the period. Finally, Walleye Capital LLC purchased a new position in shares of Banco Santander (Brasil) in the third quarter worth approximately $85,000. 14.53% of the stock is owned by institutional investors.

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.