19,585 Shares in Banco Santander (Brasil) S.A. (NYSE:BSBR) Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new position in shares of Banco Santander (Brasil) S.A. (NYSE:BSBR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,585 shares of the bank’s stock, valued at approximately $103,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of Banco Santander (Brasil) by 183.6% during the 3rd quarter. GAMMA Investing LLC now owns 9,751 shares of the bank’s stock valued at $51,000 after buying an additional 6,313 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Banco Santander (Brasil) by 41.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,024 shares of the bank’s stock valued at $71,000 after buying an additional 4,387 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Banco Santander (Brasil) by 68.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,741 shares of the bank’s stock valued at $99,000 after buying an additional 7,608 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Banco Santander (Brasil) by 11.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 30,067 shares of the bank’s stock valued at $149,000 after buying an additional 3,098 shares during the last quarter. Finally, Frank Rimerman Advisors LLC purchased a new position in shares of Banco Santander (Brasil) during the 2nd quarter valued at $218,000. Hedge funds and other institutional investors own 14.53% of the company’s stock.

Banco Santander (Brasil) Stock Up 2.2 %

Shares of NYSE BSBR opened at $4.19 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.30 and a current ratio of 0.30. The stock’s 50-day simple moving average is $4.84 and its two-hundred day simple moving average is $5.12. Banco Santander has a twelve month low of $4.05 and a twelve month high of $6.66.

Banco Santander (Brasil) Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, October 21st were given a dividend of $0.0714 per share. The ex-dividend date was Monday, October 21st. This represents a $0.29 annualized dividend and a dividend yield of 6.82%.

Analyst Ratings Changes

A number of brokerages have recently commented on BSBR. JPMorgan Chase & Co. raised Banco Santander (Brasil) from a “neutral” rating to an “overweight” rating and dropped their price target for the company from $7.00 to $6.00 in a research report on Monday, November 25th. StockNews.com lowered Banco Santander (Brasil) from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th.

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.