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Shares of Banco Santander Brasil SA (NYSE:BSBR – Get Free Report) have been assigned a consensus rating of “Hold” from the five ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $6.10.
A number of research firms have recently commented on BSBR. Weiss Ratings raised shares of Banco Santander Brasil from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. HSBC restated a “hold” rating and issued a $6.20 target price (down from $7.20) on shares of Banco Santander Brasil in a report on Tuesday, September 15th. JPMorgan Chase & Co. lowered shares of Banco Santander Brasil from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $6.50 to $6.00 in a research report on Thursday, July 30th. Wall Street Zen downgraded shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, UBS Group downgraded shares of Banco Santander Brasil from a “buy” rating to a “neutral” rating in a research note on Monday, August 24th.
Check Out Our Latest Analysis on BSBR
Banco Santander Brasil Stock Down 0.1%
Banco Santander Brasil stock opened at $5.58 on Tuesday. Banco Santander Brasil has a 12-month low of $4.95 and a 12-month high of $7.32. The firm’s 50-day moving average is $5.78 and its two-hundred day moving average is $5.65. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 3.34.
Banco Santander Brasil Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Thursday, October 22nd will be paid a $0.0804 dividend. The ex-dividend date of this dividend is Thursday, October 22nd. This represents a $0.32 annualized dividend and a dividend yield of 5.8%. This is a decrease from Banco Santander Brasil’s previous quarterly dividend of $0.1045.
Insider Buying and Selling at Banco Santander Brasil
In related news, insider Celso Mateus De Queiroz sold 29,299 shares of the company’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $5.78, for a total transaction of $169,348.22. Following the completion of the sale, the insider directly owned 23,838 shares of the company’s stock, valued at approximately $137,783.64. This represents a 55.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Edmilson Saes sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $5.79, for a total value of $289,500.00. Following the completion of the transaction, the vice president owned 300,203 shares of the company’s stock, valued at approximately $1,738,175.37. This represents a 14.28% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 233,438 shares of company stock worth $1,338,299. Company insiders own 0.06% of the company’s stock.
Hedge Funds Weigh In On Banco Santander Brasil
Hedge funds have recently bought and sold shares of the company. Alpine Global Management LLC bought a new position in shares of Banco Santander Brasil in the 4th quarter worth about $4,735,000. Dimensional Fund Advisors LP boosted its holdings in shares of Banco Santander Brasil by 43.5% in the first quarter. Dimensional Fund Advisors LP now owns 221,909 shares of the bank’s stock valued at $1,316,000 after acquiring an additional 67,224 shares in the last quarter. Engineers Gate Manager LP raised its stake in shares of Banco Santander Brasil by 765.6% in the 2nd quarter. Engineers Gate Manager LP now owns 139,178 shares of the bank’s stock worth $731,000 after buying an additional 123,100 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Banco Santander Brasil in the 2nd quarter worth $476,000. Finally, SPX Gestao de Recursos Ltda raised its holdings in shares of Banco Santander Brasil by 58.9% in the 1st quarter. SPX Gestao de Recursos Ltda now owns 86,883 shares of the bank’s stock worth $515,000 after purchasing an additional 32,189 shares in the last quarter. 14.53% of the stock is currently owned by institutional investors and hedge funds.
About Banco Santander Brasil
Banco Santander (Brasil) SA is a Brazilian financial institution and a subsidiary of Spain-based Banco Santander. Headquartered in São Paulo, the bank serves individuals, small and midsize businesses, corporations, and institutional clients throughout Brazil.
The company provides retail and commercial banking services, including checking and savings accounts, consumer and business lending, credit and debit cards, mortgages, payment solutions, and digital banking. Its broader platform also includes corporate and investment banking, private banking, asset management, insurance, and other financial services.
Santander Brasil’s operations were built in part through the expansion of Banco Santander in Brazil and the acquisition of Banco do Estado de São Paulo (Banespa) in 2000.
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