Short Interest in Banco Santander Brasil SA (NYSE:BSBR) Expands By 73.6%

Banco Santander Brasil SA (NYSE:BSBR) was the target of a significant growth in short interest in 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. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 1,573,854 shares, the days-to-cover ratio is presently 4.0 days.

Analyst Ratings Changes

A number of analysts recently issued reports on BSBR shares. Weiss Ratings lowered shares of Banco Santander Brasil from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday. Wall Street Zen downgraded shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Insiders Place Their Bets

In other news, insider Eduardo Alvarez Garrido sold 7,500 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $5.43, for a total transaction of $40,725.00. Following the completion of the sale, the insider directly owned 24,701 shares of the company’s stock, valued at $134,126.43. This trade represents a 23.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Mario Roberto Opice Leao bought 276,851 shares of the stock in a transaction dated Tuesday, June 16th. The shares were acquired at an average price of $5.38 per share, for a total transaction of $1,489,458.38. Following the completion of the purchase, the chief executive officer directly owned 536,751 shares in the company, valued at approximately $2,887,720.38. This trade represents a 106.52% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 500,251 shares of company stock worth $2,651,888 over the last quarter. 0.06% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Banco Santander Brasil

Institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its stake in shares of Banco Santander Brasil by 251.5% in the first quarter. EverSource Wealth Advisors LLC now owns 5,804 shares of the bank’s stock worth $34,000 after purchasing an additional 4,153 shares in the last quarter. Royal Bank of Canada raised its position in shares of Banco Santander Brasil by 41.6% in the first quarter. Royal Bank of Canada now owns 7,136 shares of the bank’s stock valued at $43,000 after purchasing an additional 2,098 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of Banco Santander Brasil by 9.4% during the 1st quarter. Public Employees Retirement System of Ohio now owns 81,609 shares of the bank’s stock valued at $484,000 after buying an additional 6,982 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Banco Santander Brasil by 43.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 221,909 shares of the bank’s stock worth $1,316,000 after buying an additional 67,224 shares during the period. Finally, SPX Gestao de Recursos Ltda boosted its holdings in Banco Santander Brasil by 58.9% in the 1st quarter. SPX Gestao de Recursos Ltda now owns 86,883 shares of the bank’s stock worth $515,000 after buying an additional 32,189 shares during the period. 14.53% of the stock is owned by hedge funds and other institutional investors.

Banco Santander Brasil Stock Performance

Shares of NYSE BSBR opened at $5.20 on Friday. Banco Santander Brasil has a one year low of $4.62 and a one year high of $7.32. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 3.25. The business’s fifty day moving average price is $5.48 and its 200-day moving average price is $6.01.

Banco Santander Brasil Announces Dividend

The company also recently disclosed a special dividend, which was paid on Monday, May 18th. Investors of record on Thursday, April 23rd were paid a $0.1064 dividend. The ex-dividend date was Thursday, April 23rd.

About Banco Santander Brasil

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.