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

Banco Santander (Brasil) S.A. (NYSE:BSBR) was the target of a large 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 daily volume of 594,200 shares, the days-to-cover ratio is presently 2.7 days.

Banco Santander (Brasil) Stock Performance

Shares of BSBR opened at $5.14 on Thursday. The company has a 50-day simple moving average of $5.65 and a 200-day simple moving average of $5.86. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.17. Banco Santander has a 52-week low of $4.93 and a 52-week high of $6.66.

Banco Santander (Brasil) Increases Dividend

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

Hedge Funds Weigh In On Banco Santander (Brasil)

A number of large investors have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Banco Santander (Brasil) by 4.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,330 shares of the bank’s stock valued at $280,000 after purchasing an additional 1,486 shares in the last quarter. Signaturefd LLC increased its holdings in Banco Santander (Brasil) by 8.5% during the 3rd quarter. Signaturefd LLC now owns 23,560 shares of the bank’s stock valued at $121,000 after acquiring an additional 1,852 shares in the last quarter. Parallel Advisors LLC raised its position in Banco Santander (Brasil) by 63.5% during the fourth quarter. Parallel Advisors LLC now owns 6,522 shares of the bank’s stock worth $43,000 after acquiring an additional 2,533 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Banco Santander (Brasil) by 11.9% during the second quarter. PNC Financial Services Group Inc. now owns 26,515 shares of the bank’s stock worth $169,000 after acquiring an additional 2,816 shares during the last quarter. Finally, Ballentine Partners LLC raised its position in Banco Santander (Brasil) by 24.3% during the first quarter. Ballentine Partners LLC now owns 16,137 shares of the bank’s stock worth $92,000 after acquiring an additional 3,156 shares during the last quarter. Hedge funds and other institutional investors own 14.53% of the company’s stock.

About Banco Santander (Brasil)

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.