Banco Santander (Brasil) SA (NYSE:BSBR) Receives Consensus “Hold” Recommendation From Analysts

Shares of Banco Santander (Brasil) SA (NYSE:BSBR – Get Rating) have been given a consensus rating of “Hold” by the five rating agencies that currently cover the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation. The 12-month average price target among brokerages that have reported on the stock over the past year is $6.00.

Several equity analysts have recently weighed in on BSBR shares. Barclays cut its price target on shares of Banco Santander (Brazil) from $7.00 to $6.00 and set an “equal weight” rating on the stock in a Wednesday July 27 report. TheStreet downgraded shares of Banco Santander (Brazil) from a “b-” rating to a “c+” rating in a Tuesday, July 12 report.

Institutional investors weigh on Banco Santander (Brazil)

Hedge funds have recently been buying and selling shares of the company. Smith Group Asset Management LLC increased its stake in Banco Santander (Brazil) by 12.8% in the first quarter. Smith Group Asset Management LLC now owns 112,700 shares of the bank worth $868,000 after purchasing an additional 12,780 shares during the period. Qtron Investments LLC increased its position in shares of Banco Santander (Brazil) by 9.0% during the fourth quarter. Qtron Investments LLC now owns 174,439 shares of the bank worth $937,000 after acquiring 14,434 additional shares last quarter. American Century Companies Inc. increased its position in shares of Banco Santander (Brasil) by 29.7% during the fourth quarter. American Century Companies Inc. now owns 66,553 shares of the bank worth $357,000 after acquiring 15,256 additional shares last quarter. TCW Group Inc. purchased a new stake in shares of Banco Santander (Brazil) during the first quarter at a value of $1,270,000. Finally, Moneda SA Administradora General de Fondos increased its position in shares of Banco Santander (Brasil) by 58.0% during the first quarter. Moneda SA Administradora General de Fondos now owns 452,421 shares in the bank worth $3,484,000 after acquiring an additional 166,008 shares last quarter.

Banco Santander (Brazil) down 0.2%

NYSE BSBR shares opened at $5.94 on Friday. The company’s 50-day simple moving average is $5.53 and its 200-day simple moving average is $6.31. Banco Santander has a fifty-two week low of $4.86 and a fifty-two week high of $8.30. The company has a market capitalization of $22.18 billion, a P/E ratio of 14.85, a P/E/G ratio of 1.34 and a beta of 1.00. The company has a debt ratio of 0.18, a current ratio of 0.12 and a quick ratio of 5.94.

Banco Santander (Brazil) increases its dividend

The company also recently announced a dividend, which will be paid on Tuesday, September 13. Shareholders of record on Tuesday, August 16 will receive a dividend of $0.0365. The ex-dividend date is Monday, August 15. This is a positive change from the previous Banco Santander (Brasil) dividend of $0.03. This represents a return of 6.9%. The dividend payout ratio (DPR) of Banco Santander (Brasil) is 75.00%.

Banco Santander (Brazil) Company Profile

(Get a rating)

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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