Banco Santander (Brazil) SA (NYSE: BSBR – Get a rating) received an average rating of “Hold” from the six analysts who currently cover the company, market beat reports. Two research analysts rated the stock with a Sell recommendation and three gave the company a Hold recommendation. The 12-month average price target among analysts who have reported on the stock over the past year is $5.50.
A number of stock analysts have recently released reports on the stock. Goldman Sachs Group downgraded shares of Banco Santander (Brazil) from a “neutral” rating to a “sell” rating and lowered its target price for the stock from $6.70 to $5.00 in a report research on Friday, October 28. Barclays lowered its price target on shares of Banco Santander (Brazil) from $7.00 to $6.00 and set an “equal weight” rating on the stock in a Wednesday July 27 research report. TheStreet upgraded the shares of Banco Santander (Brazil) from a “c” rating to a “b-” rating in a research report on Wednesday, November 2. Bank of America downgraded shares of Banco Santander (Brazil) from a “neutral” rating to an “underperforming” rating in a Tuesday, Nov. 1 research report. To finish, StockNews.com launched a hedge on the shares of Banco Santander (Brazil) in a research report on Wednesday, October 12. They issued a “hold” rating on the stock.
Hedge funds weigh on Banco Santander (Brazil)
A number of institutional investors have recently changed their positions in the company. Atlas Capital Advisors LLC acquired a new stake in Banco Santander (Brasil) in the second quarter at a value of $26,000. Balentine LLC bought a new position in shares of Banco Santander (Brasil) in the third quarter worth $63,000. West Family Investments Inc. bought a new position in shares of Banco Santander (Brazil) in the third quarter at a value of $67,000. Creative Planning bought a new position in shares of Banco Santander (Brazil) in the third quarter at a value of $69,000. Finally, Greenleaf Trust increased its stake in the shares of Banco Santander (Brazil) by 22.9% in the third quarter. Greenleaf Trust now owns 12,375 shares of the bank worth $70,000 after buying 2,308 more shares in the last quarter. 14.52% of the shares are held by institutional investors and hedge funds.
Banco Santander (Brazil) Share down 7.7%
Shares of NYSE: BSBR opened at $5.16 on Friday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt ratio of 0.18. Banco Santander has a fifty-two week low of $4.86 and a fifty-two week high of $7.97. The company’s 50-day moving average price is $5.80 and its 200-day moving average price is $5.91. The stock has a market capitalization of $19.26 billion, a price-to-earnings ratio of 12.90, a growth price-to-earnings ratio of 1.49 and a beta of 0.90.
Banco Santander (Brazil) increases its dividend
The company also recently announced a dividend, which will be paid on Wednesday, November 30. Shareholders of record on Tuesday, October 25 will receive a dividend of $0.0447. This represents a dividend yield of 8.1%. This is a positive change from the previous Banco Santander (Brasil) dividend of $0.04. The ex-dividend date is Monday, October 24. The dividend distribution rate of Banco Santander (Brasil) is currently 50.00%.
About Banco Santander (Brazil)
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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