Banco Santander (Brasil) (NYSE:BSBR) Sets New 52-Week Low – Time to Sell?

Banco Santander (Brasil) S.A. (NYSE:BSBR) reached a new 52-week low on Thursday . The stock traded as low as $3.75 and last traded at $3.76, with a volume of 58913 shares trading hands. The stock had previously closed at $3.91.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Bank of America downgraded Banco Santander (Brasil) from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 10th. StockNews.com lowered shares of Banco Santander (Brasil) from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. upgraded shares of 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) Price Performance

The firm has a market capitalization of $14.22 billion, a P/E ratio of 5.09, a price-to-earnings-growth ratio of 0.28 and a beta of 1.01. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.25. The firm has a 50 day moving average price of $4.33 and a 200-day moving average price of $4.94.

Banco Santander (Brasil) Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Monday, October 21st were given a $0.0714 dividend. The ex-dividend date was Monday, October 21st. This represents a $0.29 dividend on an annualized basis and a yield of 7.48%. Banco Santander (Brasil)’s dividend payout ratio is presently 4.00%.

Institutional Trading of Banco Santander (Brasil)

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in Banco Santander (Brasil) by 49.2% in the third quarter. Wellington Management Group LLP now owns 1,137,946 shares of the bank’s stock worth $5,986,000 after purchasing an additional 375,364 shares during the period. Marshall Wace LLP grew its holdings in Banco Santander (Brasil) by 44.0% during the 2nd quarter. Marshall Wace LLP now owns 1,099,003 shares of the bank’s stock worth $5,429,000 after acquiring an additional 335,915 shares in the last quarter. American Century Companies Inc. raised its stake in Banco Santander (Brasil) by 8.5% in the second quarter. American Century Companies Inc. now owns 409,483 shares of the bank’s stock worth $2,023,000 after buying an additional 32,238 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in Banco Santander (Brasil) by 107.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 378,361 shares of the bank’s stock valued at $1,990,000 after purchasing an additional 196,141 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its stake in shares of Banco Santander (Brasil) by 43.7% during the 3rd quarter. Point72 Asset Management L.P. now owns 179,500 shares of the bank’s stock worth $944,000 after acquiring an additional 54,600 shares in the last quarter. 14.53% of the stock is owned by hedge funds and other 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.