Banco Santander Brasil (NYSE:BSBR) Share Price Crosses Above 200-Day Moving Average - Here's Why

Key Points

• Banco Santander Brasil's stock price has recently surpassed its 200-day moving average, trading as high as $5.44, signaling positive momentum.
• The company increased its quarterly dividend to $0.0655, resulting in an annual yield of 4.9%, reflecting confidence in its financial stability.
• Analysts have mixed views, with some upgrading the stock to a "buy" rating while others recommend holding, contributing to an average rating of "Moderate Buy".

Banco Santander Brasil SA (NYSE:BSBR - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.99 and traded as high as $5.44. Banco Santander Brasil shares last traded at $5.36, with a volume of 599,901 shares changing hands.

Analysts Set New Price Targets

BSBR has been the topic of a number of analyst reports. UBS Group upgraded shares of Banco Santander Brasil from a "neutral" rating to a "buy" rating in a research report on Wednesday, June 11th. Wall Street Zen downgraded Banco Santander Brasil from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $5.35.

Banco Santander Brasil Stock Up 0.3%

The firm has a market cap of $19.93 billion, a price-to-earnings ratio of 6.61, a P/E/G ratio of 0.66 and a beta of 0.80. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 3.28. The firm has a 50 day moving average price of $5.03 and a 200-day moving average price of $4.99.

Banco Santander Brasil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, July 21st were paid a $0.0655 dividend. This represents a $0.26 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Monday, July 21st. This is a positive change from Banco Santander Brasil's previous quarterly dividend of $0.05. Banco Santander Brasil's dividend payout ratio is presently 33.33%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BSBR. Barclays PLC raised its stake in Banco Santander Brasil by 86.7% in the 4th quarter. Barclays PLC now owns 23,200 shares of the bank's stock valued at $91,000 after purchasing an additional 10,772 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Banco Santander Brasil by 99.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 52,212 shares of the bank's stock valued at $204,000 after purchasing an additional 25,985 shares during the last quarter. Jane Street Group LLC acquired a new position in Banco Santander Brasil in the 4th quarter valued at about $109,000. BNP Paribas Financial Markets raised its stake in Banco Santander Brasil by 67.3% in the 4th quarter. BNP Paribas Financial Markets now owns 71,216 shares of the bank's stock valued at $278,000 after purchasing an additional 28,658 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in Banco Santander Brasil by 92.3% in the 4th quarter. Bank of America Corp DE now owns 256,119 shares of the bank's stock valued at $1,001,000 after purchasing an additional 122,924 shares during the last quarter. Institutional investors and hedge funds own 14.53% of the company's stock.

About Banco Santander Brasil

Banco Santander (Brasil) SA, together with its subsidiaries, provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally. The company operates through Commercial Banking and Global Wholesale Banking segments. It offers local loans, commercial financing options, development bank funds, and cash management services; export and import financing, guarantees, structuring of asset services.

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