Shares of Banco Santander Brasil SA (NYSE:BSBR – Get Free Report) have received a consensus rating of “Hold” from the five research firms that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $6.10.
BSBR has been the subject of a number of recent research reports. UBS Group cut Banco Santander Brasil from a “buy” rating to a “neutral” rating in a research report on Monday, August 24th. JPMorgan Chase & Co. downgraded shares of Banco Santander Brasil from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $6.50 to $6.00 in a research report on Thursday, July 30th. Zacks Research raised Banco Santander Brasil from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 20th. Wall Street Zen downgraded Banco Santander Brasil from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, HSBC lowered shares of Banco Santander Brasil from a “buy” rating to a “hold” rating and reduced their price target for the company from $7.20 to $6.20 in a report on Tuesday, September 15th.
Get Our Latest Research Report on BSBR
Insider Buying and Selling
In other Banco Santander Brasil news, VP Edmilson Saes sold 50,000 shares of Banco Santander Brasil stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $5.79, for a total transaction of $289,500.00. Following the sale, the vice president owned 300,203 shares in the company, valued at $1,738,175.37. The trade was a 14.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Leonardo Mendes Cabral sold 20,000 shares of the business’s stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $5.68, for a total transaction of $113,600.00. Following the completion of the sale, the insider directly owned 112,571 shares in the company, valued at $639,403.28. This represents a 15.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 92,520 shares of company stock valued at $532,722 in the last 90 days. 0.06% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Banco Santander Brasil
Hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its position in shares of Banco Santander Brasil by 80.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,501 shares of the bank’s stock valued at $25,000 after acquiring an additional 2,013 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Banco Santander Brasil by 251.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,804 shares of the bank’s stock valued at $34,000 after purchasing an additional 4,153 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Banco Santander Brasil by 41.6% in the first quarter. Royal Bank of Canada now owns 7,136 shares of the bank’s stock valued at $43,000 after purchasing an additional 2,098 shares during the period. QRG Capital Management Inc. acquired a new position in Banco Santander Brasil during the 2nd quarter valued at about $57,000. Finally, May Hill Capital LLC purchased a new stake in Banco Santander Brasil during the third quarter valued at about $73,000. 14.53% of the stock is currently owned by institutional investors.
Banco Santander Brasil Trading Down 1.8%
Shares of Banco Santander Brasil stock opened at $4.64 on Friday. The company has a debt-to-equity ratio of 3.34, a quick ratio of 1.56 and a current ratio of 1.56. The company’s 50 day moving average price is $5.53 and its two-hundred day moving average price is $5.78. Banco Santander Brasil has a fifty-two week low of $4.38 and a fifty-two week high of $7.32.
Banco Santander Brasil (NYSE:BSBR – Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The bank reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.10). Banco Santander Brasil had a net margin of 7.49% and a return on equity of 11.06%. The company had revenue of $3.48 billion for the quarter, compared to analysts’ expectations of $3.98 billion. On average, equities analysts anticipate that Banco Santander Brasil will post 0.71 earnings per share for the current year.
Banco Santander Brasil Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Thursday, October 22nd will be given a $0.0804 dividend. The ex-dividend date is Thursday, October 22nd. This is a decrease from Banco Santander Brasil’s previous quarterly dividend of $0.1045. This represents a $0.32 dividend on an annualized basis and a yield of 6.9%.
Banco Santander Brasil Company Profile
Banco Santander (Brasil) SA is a Brazilian financial institution and a subsidiary of Spain-based Banco Santander. It provides banking and financial services to individuals, small and midsize businesses, corporate clients and institutional customers throughout Brazil.
The company’s offerings include checking and savings accounts, consumer and commercial loans, credit and debit cards, mortgages, payroll lending, insurance, investment products, foreign-exchange services, cash management and payment solutions.
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