Banco Santander (Brasil) S.A. (NYSE:BSBR) Short Interest Up 5.3% in March

Banco Santander (Brasil) S.A. (NYSE:BSBR) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 1,590,000 shares, an increase of 5.3% from the March 15th total of 1,510,000 shares. Based on an average daily trading volume, of 594,200 shares, the short-interest ratio is currently 2.7 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its stake in shares of Banco Santander (Brasil) by 666.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,882 shares of the bank’s stock valued at $25,000 after purchasing an additional 4,245 shares during the period. Atlas Capital Advisors LLC purchased a new position in Banco Santander (Brasil) in the 2nd quarter worth approximately $26,000. Quantbot Technologies LP purchased a new stake in Banco Santander (Brasil) during the 3rd quarter valued at $31,000. Wells Fargo & Company MN purchased a new stake in Banco Santander (Brasil) during the 2nd quarter valued at $39,000. Finally, Parallel Advisors LLC grew its position in shares of Banco Santander (Brasil) by 63.5% during the 4th quarter. Parallel Advisors LLC now owns 6,522 shares of the bank’s stock valued at $43,000 after acquiring an additional 2,533 shares during the period. Institutional investors own 14.53% of the company’s stock.

Banco Santander (Brasil) Price Performance

BSBR traded down $0.12 during midday trading on Tuesday, hitting $5.13. The stock had a trading volume of 515,828 shares, compared to its average volume of 581,318. The business has a fifty day moving average of $5.68 and a 200 day moving average of $5.86. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.17. Banco Santander has a 1 year low of $4.93 and a 1 year high of $6.66.

Banco Santander (Brasil) Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, April 23rd will be paid a $0.0792 dividend. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $0.32 annualized dividend and a yield of 6.18%. This is a positive change from Banco Santander (Brasil)’s previous quarterly dividend of $0.06.

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.