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 growth in short interest in 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.

Banco Santander (Brasil) Price Performance

Shares of NYSE:BSBR opened at $5.14 on Thursday. Banco Santander has a 1-year low of $4.93 and a 1-year high of $6.66. The company’s fifty day moving average is $5.65 and its two-hundred day moving average is $5.86. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.26 and a quick ratio of 0.26.

Banco Santander (Brasil) Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, April 23rd will be issued a dividend of $0.0792 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.17%. This is a boost from Banco Santander (Brasil)’s previous quarterly dividend of $0.06. The ex-dividend date is Monday, April 22nd.

Institutional Trading of Banco Santander (Brasil)

A number of institutional investors and hedge funds have recently modified their holdings of BSBR. Invesco Ltd. raised its holdings in shares of Banco Santander (Brasil) by 2,783.2% during the first quarter. Invesco Ltd. now owns 5,313,671 shares of the bank’s stock worth $40,915,000 after purchasing an additional 5,129,375 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Banco Santander (Brasil) by 117.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,419,539 shares of the bank’s stock worth $18,431,000 after acquiring an additional 1,844,359 shares during the period. Wellington Management Group LLP acquired a new stake in shares of Banco Santander (Brasil) in the 4th quarter worth about $5,064,000. SPX Gestao de Recursos Ltda increased its holdings in shares of Banco Santander (Brasil) by 570.9% in the 4th quarter. SPX Gestao de Recursos Ltda now owns 715,921 shares of the bank’s stock worth $4,689,000 after acquiring an additional 609,216 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Banco Santander (Brasil) by 993.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 658,120 shares of the bank’s stock worth $4,186,000 after acquiring an additional 597,926 shares during the period. 14.53% of the stock is owned by institutional investors and hedge funds.

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.