Banco Santander (Brasil) SA (NYSE: BSBR) Short interest rate up 57.3% in October

Banco Santander (Brasil) SA (NYSE: BSBR) benefited from a significant increase in overdraft interest during the month of October. As of October 15, there was short interest totaling 3,430,000 shares, an increase of 57.3% from the total of 2,180,000 shares as of September 30. Based on an average daily volume of 980,500 shares, the short-term interest rate is currently 3.5 days.

Separately, Zacks investment research downgraded Banco Santander (Brazil) shares from a “buy” rating to a “conservation” rating in a report released on Friday.

The NYSE BSBR opened at $ 6.11 on Friday. Banco Santander has a 12-month low of $ 5.47 and a 12-month high of $ 9.27. The company’s 50-day mobile average price is $ 6.93 and its 200-day mobile average price is $ 7.52. The stock has a market cap of $ 22.91 billion, a PE ratio of 11.98, a PEG ratio of 0.81, and a beta of 1.00.

Banco Santander (Brazil) (NYSE: BSBR) last released its quarterly results on Wednesday, July 28. The bank reported earnings per share of $ 0.05 for the quarter, missing Zacks’ consensus estimate of $ 0.19 ($ 0.14). Banco Santander (Brazil) had a net margin of 15.65% and a return on equity of 14.58%. The company posted sales of $ 3.27 billion in the quarter. Research analysts predict that Banco Santander will post earnings per share of 0.77 for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 13. Shareholders of record on Monday, November 8 will receive a dividend of $ 0.5327 per share. This represents an annualized dividend of $ 2.13 and a dividend yield of 34.87%. The ex-dividend date of this dividend is Friday, November 5. This is a boost from Banco Santander’s previous quarterly dividend of $ 0.44 (Brazil). Banco Santander (Brazil) dividend payout ratio is 54.29%.

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Institutional investors have recently increased or reduced their stakes in the company. Northern Trust Corp increased its stake in Banco Santander (Brazil) shares by 7.6% during the first quarter. Northern Trust Corp now owns 1,561,785 shares of the bank valued at $ 11,010,000 after purchasing an additional 110,917 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in the shares of Banco Santander (Brazil) by 15.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,741 shares of the bank valued at $ 203,000 after purchasing an additional 3,809 shares in the last quarter. UBS Group AG increased its stake in the shares of Banco Santander (Brazil) by 8.2% during the first quarter. UBS Group AG now owns 18,993 shares of the bank valued at $ 134,000 after purchasing 1,433 additional shares in the last quarter. Optiver Holding BV purchased a new equity stake in Banco Santander (Brazil) during the first quarter for a value of approximately $ 5,716,000. Finally, the Royal Bank of Canada increased its stake in the shares of Banco Santander (Brazil) by 269.6% during the first quarter. Royal Bank of Canada now owns 49,876 shares of the bank valued at $ 351,000 after purchasing an additional 36,380 shares in the last quarter. Institutional investors and hedge funds hold 14.41% of the company’s shares.

Banco Santander (Brazil) Company Profile

Banco Santander (Brasil) SA provides banking and financial services. It operates through the following segments: Commercial Banking and Global Wholesale Banking. The Commercial Banking segment focuses on loans, cards, mortgages, consumer finance, payroll, agribusiness, microcredit, and corporate and private banking.

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