Banco Santander (Brasil) S.A. (NYSE:BSBR) Short Interest Down 45.2% in September

Banco Santander (Brasil) S.A. (NYSE:BSBR) was the target of a significant decline in short interest in the month of September. As of September 15th, there was short interest totalling 404,800 shares, a decline of 45.2% from the August 31st total of 738,100 shares. Based on an average daily volume of 307,500 shares, the short-interest ratio is currently 1.3 days.

Institutional Trading of Banco Santander (Brasil)

A number of hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC raised its position in shares of Banco Santander (Brasil) by 63.5% during the fourth quarter. Parallel Advisors LLC now owns 6,522 shares of the bank’s stock valued at $43,000 after buying an additional 2,533 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Banco Santander (Brasil) by 11.5% during the second quarter. Dimensional Fund Advisors LP now owns 30,067 shares of the bank’s stock valued at $149,000 after acquiring an additional 3,098 shares during the period. Ballentine Partners LLC raised its holdings in Banco Santander (Brasil) by 24.3% in the 1st quarter. Ballentine Partners LLC now owns 16,137 shares of the bank’s stock valued at $92,000 after acquiring an additional 3,156 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position 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 acquiring an additional 4,387 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of Banco Santander (Brasil) by 220.0% in the 1st quarter. BNP Paribas Financial Markets now owns 7,095 shares of the bank’s stock worth $41,000 after acquiring an additional 4,878 shares during the period. 14.53% of the stock is owned by institutional investors.

Banco Santander (Brasil) Stock Performance

NYSE BSBR traded up $0.06 during trading on Thursday, hitting $5.36. The company’s stock had a trading volume of 346,328 shares, compared to its average volume of 469,990. Banco Santander has a 52 week low of $4.78 and a 52 week high of $6.66. The firm has a 50 day moving average price of $5.39 and a 200 day moving average price of $5.37.

Banco Santander (Brasil) Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Thursday, July 25th were paid a dividend of $0.0783 per share. This represents a $0.31 annualized dividend and a yield of 5.85%. The ex-dividend date of this dividend was Thursday, July 25th.

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.