Banco Santander (Brasil) (NYSE:BSBR) Shares Gap Up – Time to Buy?

Banco Santander (Brasil) S.A. (NYSE:BSBR) shares gapped up before the market opened on Friday . The stock had previously closed at $3.85, but opened at $3.93. Banco Santander (Brasil) shares last traded at $3.95, with a volume of 14,740 shares trading hands.

Wall Street Analyst Weigh In

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

Banco Santander (Brasil) Stock Up 4.4 %

The company has a market capitalization of $14.96 billion, a P/E ratio of 5.36, a price-to-earnings-growth ratio of 0.28 and a beta of 1.02. The company has a 50-day moving average of $4.54 and a two-hundred day moving average of $5.01. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.25.

Banco Santander (Brasil) Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, October 21st were given a $0.0714 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 7.11%. The ex-dividend date was Monday, October 21st. Banco Santander (Brasil)’s dividend payout ratio is presently 4.00%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Barclays PLC raised its stake in Banco Santander (Brasil) by 221.4% during the third quarter. Barclays PLC now owns 12,428 shares of the bank’s stock valued at $65,000 after buying an additional 8,561 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Banco Santander (Brasil) in the 3rd quarter worth about $277,000. Wellington Management Group LLP grew its position in Banco Santander (Brasil) by 49.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,137,946 shares of the bank’s stock valued at $5,986,000 after purchasing an additional 375,364 shares during the last quarter. Point72 Asset Management L.P. grew its position in 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 valued at $944,000 after purchasing an additional 54,600 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new position in Banco Santander (Brasil) in the third quarter worth about $101,000. 14.53% of the stock is owned by hedge funds and other institutional investors.

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.