Banco Santander (Brasil) S.A. (NYSE:BSBR) Sees Significant Increase in Short Interest

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. American Century Companies Inc. boosted its stake in shares of Banco Santander (Brasil) by 20.4% during the 1st quarter. American Century Companies Inc. now owns 80,117 shares of the bank’s stock worth $617,000 after buying an additional 13,564 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Banco Santander (Brasil) by 19.5% in the first quarter. PNC Financial Services Group Inc. now owns 18,573 shares of the bank’s stock valued at $144,000 after acquiring an additional 3,037 shares during the last quarter. BlackRock Inc. grew its holdings in Banco Santander (Brasil) by 10.0% during the first quarter. BlackRock Inc. now owns 2,170,278 shares of the bank’s stock worth $16,712,000 after purchasing an additional 198,058 shares during the period. Blair William & Co. IL boosted its stake in shares of Banco Santander (Brasil) by 32.9% during the 1st quarter. Blair William & Co. IL now owns 27,023 shares of the bank’s stock worth $208,000 after acquiring an additional 6,692 shares during the period. Finally, Northern Trust Corp boosted its position in Banco Santander (Brasil) by 48.3% during the first quarter. Northern Trust Corp now owns 115,309 shares of the bank’s stock worth $888,000 after purchasing an additional 37,556 shares during the period. Institutional investors and hedge funds own 14.53% of the company’s stock.

Banco Santander (Brasil) Price Performance

Banco Santander (Brasil) stock traded up $0.01 during midday trading on Wednesday, hitting $5.14. 303,585 shares of the stock were exchanged, compared to its average volume of 576,929. Banco Santander has a 52 week low of $4.93 and a 52 week high of $6.66. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.17. The company has a fifty day simple moving average of $5.67 and a two-hundred day simple moving average of $5.86.

Banco Santander (Brasil) Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, April 23rd will be paid a dividend of $0.0792 per share. This is a boost from Banco Santander (Brasil)’s previous quarterly dividend of $0.06. This represents a $0.32 annualized dividend and a dividend yield of 6.16%. The ex-dividend date 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.