Banco Santander (Brazil) SA (NYSE: BSBR- Get a rating) declared a — dividend on Tuesday, August 9 the wall street journal reports. Investors of record on Tuesday August 16 will receive a dividend of 0.0365 per share from the bank on Tuesday September 13. This represents a return of 6.9%. The ex-dividend date is Monday, August 15. This is a positive change from the previous Banco Santander (Brasil) dividend of $0.03.
Banco Santander (Brazil) Stock up 0.5%
NYSE BSBR traded down $0.03 on Tuesday, hitting $5.81. The company had a trading volume of 1,243,469 shares, compared to an average volume of 1,542,904. The company has a market capitalization of $21.69 billion, a price-earnings ratio of 14.50, a price ratio /growth earnings of 0.99 and a beta of 1.00. The company has a debt ratio of 0.18, a quick ratio of 5.94 and a current ratio of 0.12. Banco Santander has a 1-year low of $4.86 and a 1-year high of $8.30. The company’s fifty-day moving average is $5.67 and its 200-day moving average is $6.33.
Institutional investors weigh on Banco Santander (Brazil)
Institutional investors and hedge funds have recently increased or reduced their stakes in the company. Eqis Capital Management Inc. took a new stake in Banco Santander (Brazil) during the 1st quarter for a value of approximately $93,000. PNC Financial Services Group Inc. increased its position in Banco Santander (Brazil) by 19.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 18,573 shares of the bank worth $144,000 after buying 3,037 additional shares last quarter. Ethic Inc. took a new stake in Banco Santander (Brazil) during the 1st quarter for a value of approximately $157,000. Blair William & Co. IL increased its stake in shares of Banco Santander (Brasil) by 32.9% in the 1st quarter. Blair William & Co. IL now owns 27,023 shares of the bank valued at $208,000 after purchasing an additional 6,692 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Banco Santander (Brazil) by 4.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,330 shares of the bank valued at $280,000 after purchasing an additional 1,486 shares during the period.
Changes to analyst ratings
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A number of equity analysts have weighed in on BSBR shares recently. Barclays reduced its price target on shares of Banco Santander (Brazil) from $7.00 to $6.00 and set an “equal weight” rating for the company in a Wednesday July 27 research note. TheStreet downgraded shares of Banco Santander (Brazil) from a “b-” rating to a “c+” rating in a Tuesday, July 12 research note. Four research analysts rated the stock with a holding rating. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $6.00.
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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