Banco Santander Brasil SA (NYSE:BSBR) Sees Significant Growth in Short Interest

Banco Santander Brasil SA (NYSE:BSBR) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 6,255,524 shares, a growth of 73.6% from the May 31st total of 3,604,037 shares. Based on an average daily trading volume, of 1,573,854 shares, the short-interest ratio is presently 4.0 days. Approximately 0.2% of the shares of the company are sold short.

Insider Transactions at Banco Santander Brasil

In related news, insider Eduardo Alvarez Garrido sold 7,500 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $5.43, for a total value of $40,725.00. Following the transaction, the insider owned 24,701 shares in the company, valued at $134,126.43. The trade was a 23.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Mario Roberto Opice Leao purchased 276,851 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was bought at an average price of $5.38 per share, for a total transaction of $1,489,458.38. Following the transaction, the chief executive officer directly owned 536,751 shares in the company, valued at $2,887,720.38. This trade represents a 106.52% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought 500,251 shares of company stock valued at $2,651,888 over the last ninety days. Corporate insiders own 0.06% of the company’s stock.

Institutional Trading of Banco Santander Brasil

Institutional investors have recently modified their holdings of the business. Royal Bank of Canada boosted its position in shares of Banco Santander Brasil by 288.1% during the 4th quarter. Royal Bank of Canada now owns 5,038 shares of the bank’s stock worth $31,000 after purchasing an additional 3,740 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Banco Santander Brasil by 251.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,804 shares of the bank’s stock valued at $34,000 after purchasing an additional 4,153 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Banco Santander Brasil in the fourth quarter valued at about $36,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Banco Santander Brasil in the first quarter valued at about $46,000. Finally, Tuttle Capital Management LLC purchased a new stake in Banco Santander Brasil during the fourth quarter worth about $66,000. 14.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Wall Street Zen raised Banco Santander Brasil from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings downgraded Banco Santander Brasil from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Banco Santander Brasil Stock Up 0.2%

Shares of Banco Santander Brasil stock opened at $5.20 on Friday. Banco Santander Brasil has a 52-week low of $4.62 and a 52-week high of $7.32. The company’s 50-day simple moving average is $5.46 and its 200-day simple moving average is $6.00. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 3.25.

Banco Santander Brasil Dividend Announcement

The firm also recently announced a special dividend, which was paid on Monday, May 18th. Stockholders of record on Thursday, April 23rd were paid a dividend of $0.1064 per share. The ex-dividend date of this dividend was Thursday, April 23rd.

Banco Santander Brasil Company Profile

Banco Santander Brasil SA is the Brazilian unit of Spain-based Grupo Santander and one of the country’s major commercial banks. Headquartered in São Paulo, the bank serves a broad client base across Brazil through an integrated network of branches, ATMs and digital channels. Its shares are represented abroad via American Depositary Shares listed on the New York Stock Exchange under the ticker BSBR.

The bank offers a full range of financial products and services for retail, small and medium-sized enterprises, and corporate clients.