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 large increase in short interest during 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 trading volume of 594,200 shares, the days-to-cover ratio is currently 2.7 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Atlas Capital Advisors LLC purchased a new stake in shares of Banco Santander (Brasil) during the 2nd quarter valued at about $26,000. Tower Research Capital LLC TRC lifted its holdings in Banco Santander (Brasil) by 666.4% during the third 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 in the last quarter. Quantbot Technologies LP purchased a new position in Banco Santander (Brasil) during the third quarter valued at approximately $31,000. Wells Fargo & Company MN bought a new stake in shares of Banco Santander (Brasil) during the second quarter valued at approximately $39,000. Finally, 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. 14.53% of the stock is currently owned by institutional investors.

Banco Santander (Brasil) Stock Down 2.4 %

BSBR traded down $0.12 during trading on Tuesday, hitting $5.13. 515,828 shares of the stock traded hands, compared to its average volume of 581,318. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average of $5.68 and a 200 day moving average of $5.86. Banco Santander has a 12-month low of $4.93 and a 12-month high of $6.66.

Banco Santander (Brasil) Increases Dividend

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

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.