Shares of Banco Santander (Brasil) SA (NYSE: BSBR – Get a rating) received an average recommendation of “Hold” from the five rating agencies that cover the company, reports Marketbeat Ratings. Four research analysts rated the stock with a hold recommendation. The average 1-year price target among brokers who have reported on the stock in the past year is $6.00.
A number of analysts have recently released reports on the stock. TheStreet upgraded shares of Banco Santander (Brasil) from a “c+” rating to a “b-” rating in a Friday, March 25 report. StockNews.com launched a hedge on the shares of Banco Santander (Brazil) in a report on Thursday, March 31. They have set a “holding” rating on the stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC increased its stake in Banco Santander (Brasil) by 42.1% during the fourth quarter. Quadrant Capital Group LLC now owns 6,286 shares of the bank worth $34,000 after acquiring an additional 1,861 shares during the period. Samalin Investment Counsel LLC increased its position in Banco Santander (Brazil) by 2,346.6% during the fourth quarter. Samalin Investment Counsel LLC now owns 8,563 shares of the bank worth $46,000 after buying 8,213 additional shares last quarter. Freestone Capital Holdings LLC bought a new position in Banco Santander (Brazil) during the first quarter worth approximately $89,000. Eqis Capital Management Inc. bought a new position in shares of Banco Santander (Brazil) in the 1st quarter for a value of approximately $93,000. Finally, Signaturefd LLC increased its stake in shares of Banco Santander (Brasil) by 19.7% in the 1st quarter. Signaturefd LLC now owns 17,494 shares of the bank worth $135,000 after buying 2,883 additional shares in the last quarter.
BSBR stock opened at $5.40 on Friday. The company has a fifty-day moving average of $6.25 and a 200-day moving average of $6.36. Banco Santander has a 12-month low of $5.18 and a 12-month high of $8.35. The company has a market capitalization of $20.16 billion, a P/E ratio of 13.50, a PEG ratio of 0.84 and a beta of 1.05.
The company also recently announced a variable dividend, which was paid on Monday, May 23. Investors of record on Monday, April 25 received a dividend of $0.0352. The ex-dividend date was Friday, April 22. This represents a return of 5.55%. The payout rate of Banco Santander (Brazil) is 92.50%.
About Banco Santander (Brazil) (Get a rating)
Banco Santander (Brasil) SA, together with its subsidiaries, provides various banking products and services to individuals, small and medium enterprises and corporations in Brazil and abroad. The Company operates in two segments, Commercial Banking and Global Wholesale Banking. It offers deposits and other bank financing instruments; debit and credit cards; prepaid digital solutions; payment platform; Loyalty programs; employee benefit vouchers; payday loans; digital lending and online debt renegotiation services; mortgages; home equity financing products; Consumer credit ; and local loans, trade and commercial finance, guarantees, structured loans, cash management and financing solutions, and loan transfer services.
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