Banco Santander Brasil SA (BSBR) Sees Significant Decrease in Short Interest

Banco Santander Brasil SA (NYSE:BSBR) was the recipient of a significant decrease in short interest in November. As of November 15th, there was short interest totalling 1,614,649 shares, a decrease of 37.2% from the October 31st total of 2,570,332 shares. Based on an average daily volume of 1,542,723 shares, the short-interest ratio is currently 1.0 days.

Shares of Banco Santander Brasil (NYSE:BSBR) opened at $9.33 on Wednesday. Banco Santander Brasil has a 12 month low of $6.86 and a 12 month high of $11.75. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.09. The company has a market cap of $35,470.00, a P/E ratio of 16.16, a price-to-earnings-growth ratio of 0.77 and a beta of 1.48.

BSBR has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Banco Santander Brasil from a “hold” rating to a “buy” rating and set a $9.75 target price for the company in a research note on Tuesday, August 15th. ValuEngine raised shares of Banco Santander Brasil from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. BidaskClub downgraded shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. Finally, J P Morgan Chase & Co raised shares of Banco Santander Brasil from a “neutral” rating to an “overweight” rating and upped their target price for the company from $8.00 to $10.00 in a research note on Wednesday, November 1st. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.25.

Several hedge funds have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership increased its position in shares of Banco Santander Brasil by 73.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 9,351,744 shares of the bank’s stock worth $70,419,000 after acquiring an additional 3,960,380 shares in the last quarter. Numeric Investors LLC increased its position in shares of Banco Santander Brasil by 497.3% during the second quarter. Numeric Investors LLC now owns 7,813,307 shares of the bank’s stock worth $58,834,000 after acquiring an additional 6,505,126 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Banco Santander Brasil by 13.8% during the second quarter. Vanguard Group Inc. now owns 6,158,527 shares of the bank’s stock worth $46,374,000 after acquiring an additional 747,173 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Banco Santander Brasil by 236.4% during the second quarter. Goldman Sachs Group Inc. now owns 5,862,453 shares of the bank’s stock worth $44,144,000 after acquiring an additional 4,119,776 shares in the last quarter. Finally, Macquarie Group Ltd. increased its position in shares of Banco Santander Brasil by 51.4% during the third quarter. Macquarie Group Ltd. now owns 5,008,500 shares of the bank’s stock worth $43,774,000 after acquiring an additional 1,701,200 shares in the last quarter. 1.56% of the stock is owned by institutional investors.

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About Banco Santander Brasil

Banco Santander (Brasil) SA (the Bank) is indirectly controlled by Banco Santander, SA, and is an institution of the Financial and Prudential Group. The Bank operates through two segments, Commercial Banking and Global Wholesale Banking. The Company conducts its operations by means of portfolios such as commercial, investment, lending and financing, mortgage lending, leasing, credit card operations and foreign exchange.

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