Banco Santander Brasil (NYSE:BSBR) Sets New 1-Year Low at $9.49

Banco Santander Brasil SA (NYSE:BSBR) shares reached a new 52-week low on Thursday . The stock traded as low as $9.49 and last traded at $9.57, with a volume of 1008727 shares. The stock had previously closed at $9.76.

BSBR has been the topic of several research reports. UBS Group upgraded shares of Banco Santander Brasil from a “sell” rating to a “neutral” rating in a report on Thursday, November 21st. ValuEngine upgraded shares of Banco Santander Brasil from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Credit Suisse Group upgraded shares of Banco Santander Brasil to a “buy” rating in a report on Monday, January 27th. Finally, Zacks Investment Research upgraded shares of Banco Santander Brasil from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $12.00.

The company’s fifty day moving average price is $10.84 and its 200 day moving average price is $10.92. The company has a market cap of $35.73 billion, a PE ratio of 9.57, a P/E/G ratio of 1.48 and a beta of 0.80. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.14 and a quick ratio of 0.14.

The company also recently announced a Variable dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, January 7th will be issued a $0.43 dividend. The ex-dividend date is Monday, January 6th. This represents a dividend yield of 3.8%. Banco Santander Brasil’s dividend payout ratio is currently 66.67%.

Hedge funds have recently made changes to their positions in the company. Advisors Asset Management Inc. boosted its holdings in shares of Banco Santander Brasil by 32.2% during the 4th quarter. Advisors Asset Management Inc. now owns 106,299 shares of the bank’s stock valued at $1,289,000 after buying an additional 25,869 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Banco Santander Brasil during the 4th quarter valued at $772,000. Marshall Wace North America L.P. bought a new stake in shares of Banco Santander Brasil during the 4th quarter valued at $5,774,000. UBS Group AG boosted its holdings in shares of Banco Santander Brasil by 244.3% during the 4th quarter. UBS Group AG now owns 68,125 shares of the bank’s stock valued at $826,000 after buying an additional 48,341 shares in the last quarter. Finally, Panagora Asset Management Inc. boosted its holdings in shares of Banco Santander Brasil by 54.0% during the 4th quarter. Panagora Asset Management Inc. now owns 291,632 shares of the bank’s stock valued at $3,537,000 after buying an additional 102,208 shares in the last quarter. Institutional investors own 1.01% of the company’s stock.

Banco Santander Brasil Company Profile (NYSE:BSBR)

Banco Santander (Brasil) SA provides commercial banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally. It operates through two segments, Commercial Banking and Global Wholesale Banking. The company offers checking and savings accounts; priority services, such as withdrawals, debit cards, deposits, and transfers; onshore and offshore financial products and services, investment advice, and asset management services; consumer credit for purchasing motor vehicles, and other goods and services; local loans, commercial finance, trade finance, guarantees, structured loans, and cash management and funding solutions, as well as Banco Nacional de Desenvolvimento Econômico e Social on-lending transfer services; payroll, mortgage, and agribusiness loans, as well as microcredit; investment products; and credit cards and foreign exchange services.

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