Banco Santander (Brasil) (NYSE:BSBR) Shares Gap Down - What's Next?

Banco Santander (Brasil) S.A. (NYSE:BSBR) experienced a decline in its share price before the trading session on Friday. The stock closed at $4.81 the previous day but opened lower at $4.68. As of the last trading session, shares were priced at $4.74, with a trading volume of 335,294 shares.

Insights from Wall Street Analysts

Recent research reports have highlighted changes in the outlook for BSBR. On December 10th, Bank of America downgraded Banco Santander (Brasil) from a "buy" rating to a "neutral" rating. Similarly, on November 25th, JPMorgan Chase & Co. upgraded the bank's rating from "neutral" to "overweight," while also lowering their target price from $7.00 to $6.00. Additionally, StockNews.com changed its recommendation from "buy" to "hold" on November 26th.

Recent Performance of Banco Santander (Brasil) Stock

Banco Santander (Brasil) has seen a 2.4% decline in its stock price. The company has a fifty-day moving average of $4.14 and a two-hundred-day moving average of $4.80. Current financial ratios show a quick ratio of 0.30 and a current ratio of 0.30, while the debt-to-equity ratio stands at 0.25.

Dividend Announcement from Banco Santander (Brasil)

The bank has recently announced that it will pay a quarterly dividend on February 24th. Shareholders who are recorded as of January 24th will receive a dividend of $0.066 per share, with the ex-dividend date also falling on January 24th. This corresponds to an annualized dividend of $0.26, yielding about 5.62%.

Institutional Investors' Activities

Several institutional investors have adjusted their holdings in Banco Santander (Brasil). In particular, SBI Securities Co. Ltd. acquired a new stake in the company during the fourth quarter, estimated at about $37,000. GAMMA Investing LLC boosted its position by 183.6% in the third quarter, acquiring an additional 6,313 shares, bringing their total holdings to $51,000. Barclays PLC similarly increased its position by 221.4%, now owning shares worth $65,000 after a recent acquisition. R Squared Ltd. and Walleye Capital LLC also purchased new positions valued at approximately $70,000 and $85,000 respectively. Overall, institutional investors and hedge funds control 14.53% of the bank's shares.

About Banco Santander (Brasil)

Banco Santander (Brasil) S.A. provides various banking products and services targeted at individuals, small and medium-sized enterprises, and corporate clients both in Brazil and internationally. Its main operations are categorized into Commercial Banking and Global Wholesale Banking, offering products such as loans, commercial financing, development bank funds, and cash management services.

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Banco, Santander, Stocks