Shares of Banco Santander Brasil SA (NYSE:BSBR – Get Free Report) reached a new 52-week low during mid-day trading on Monday. The company traded as low as $4.87 and last traded at $4.91, with a volume of 379,129 shares. The stock had previously closed at $5.55.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the company. Zacks Research raised Banco Santander Brasil from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 20th. Weiss Ratings cut shares of Banco Santander Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. 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. cut Banco Santander Brasil from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $6.50 to $6.00 in a research note on Thursday, July 30th. Finally, Wall Street Zen cut shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Five investment analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.10.
View Our Latest Stock Analysis on Banco Santander Brasil
Banco Santander Brasil Stock Performance
The business’s 50 day simple moving average is $5.71 and its two-hundred day simple moving average is $5.85.
Banco Santander Brasil Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Thursday, October 22nd will be paid a dividend of $0.0804 per share. The ex-dividend date is Thursday, October 22nd. This represents a $0.32 annualized dividend and a dividend yield of 6.6%. This is a drop from Banco Santander Brasil’s previous quarterly dividend of $0.1045.
Insider Buying and Selling
In other Banco Santander Brasil news, insider Celso Mateus De Queiroz sold 29,299 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $5.78, for a total transaction of $169,348.22. Following the completion of the sale, the insider owned 23,838 shares of the company’s stock, valued at approximately $137,783.64. The trade was a 55.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Edmilson Saes sold 50,000 shares of Banco Santander Brasil stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $5.79, for a total value of $289,500.00. Following the transaction, the vice president directly owned 300,203 shares in the company, valued at approximately $1,738,175.37. The trade was a 14.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 233,438 shares of company stock worth $1,338,299 in the last quarter. Company insiders own 0.06% of the company’s stock.
Institutional Investors Weigh In On Banco Santander Brasil
A number of hedge funds have recently made changes to their positions in BSBR. Dimensional Fund Advisors LP grew its stake in shares of Banco Santander Brasil by 43.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 221,909 shares of the bank’s stock worth $1,316,000 after buying an additional 67,224 shares in the last quarter. Engineers Gate Manager LP boosted its stake in Banco Santander Brasil by 765.6% during the second 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 during the period. Public Employees Retirement System of Ohio bought a new position in Banco Santander Brasil during the second quarter valued at $476,000. SPX Gestao de Recursos Ltda boosted its stake in shares of Banco Santander Brasil by 58.9% during 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 during the period. Finally, GAMMA Investing LLC grew its holdings in Banco Santander Brasil by 20.9% during the 3rd quarter. GAMMA Investing LLC now owns 22,429 shares of the bank’s stock valued at $125,000 after purchasing an additional 3,877 shares during the last quarter. 14.53% of the stock is currently owned by hedge funds and other institutional investors.
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.
Read More
- Five stocks we like better than Banco Santander Brasil
- Coca-Cola Stock Is Everything AI Isn’t—And That’s Its Biggest Strength
- Apple’s Foldable iPhone Sold Out in Minutes, But Wall Street Has Questions
- Netflix Is Making Big Changes, But Can It Fix What’s Really Hurting Growth?
- Charging Ahead: Solid Power’s Pilot Line Leaves the Lab
Receive News & Ratings for Banco Santander Brasil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Santander Brasil and related companies with MarketBeat.com's FREE daily email newsletter.
