Banco Santander Brasil (NYSE:BSBR) Share Price Passes Above Two Hundred Day Moving Average - Here's Why

Key Points

• Banco Santander Brasil (BSBR) passed above its 200-day moving average of $6.01, trading as high as $6.31 and last at $6.2060 on a volume of 1,417,917 shares.
• Analyst views are mixed — Wall Street Zen upgraded BSBR to a "strong-buy" while Weiss Ratings cut it to a "hold," leaving a MarketBeat consensus rating of "Hold".
• The bank recently paid a special dividend of $0.1001 to shareholders of record on January 22 (paid February 18).

Banco Santander Brasil SA (NYSE:BSBR - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.01 and traded as high as $6.31. Banco Santander Brasil shares last traded at $6.2060, with a volume of 1,417,917 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BSBR. Wall Street Zen upgraded Banco Santander Brasil from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, March 3rd. Weiss Ratings cut Banco Santander Brasil from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold".

Banco Santander Brasil Trading Up 1.9%

The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 3.15. The stock's 50 day moving average is $6.53 and its 200 day moving average is $6.01.

Banco Santander Brasil Dividend Announcement

The company also recently announced a special dividend, which was paid on Wednesday, February 18th. Stockholders of record on Thursday, January 22nd were given a $0.1001 dividend. The ex-dividend date of this dividend was Thursday, January 22nd.

Institutional Trading of Banco Santander Brasil

Several institutional investors have recently added to or reduced their stakes in the company. Checchi Capital Advisers LLC boosted its position in shares of Banco Santander Brasil by 10.0% in the fourth quarter. Checchi Capital Advisers LLC now owns 17,463 shares of the bank's stock valued at $107,000 after acquiring an additional 1,585 shares during the period. Mariner LLC grew its stake in shares of Banco Santander Brasil by 1.8% in the fourth quarter. Mariner LLC now owns 97,928 shares of the bank's stock valued at $598,000 after acquiring an additional 1,732 shares in the last quarter. GAMMA Investing LLC increased its position in Banco Santander Brasil by 10.7% during the fourth quarter. GAMMA Investing LLC now owns 24,316 shares of the bank's stock worth $149,000 after acquiring an additional 2,350 shares during the period. Invesco Ltd. raised its stake in Banco Santander Brasil by 1.1% in the 4th quarter. Invesco Ltd. now owns 232,826 shares of the bank's stock worth $1,423,000 after purchasing an additional 2,631 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in Banco Santander Brasil by 288.1% in the 4th quarter. Royal Bank of Canada now owns 5,038 shares of the bank's stock worth $31,000 after purchasing an additional 3,740 shares in the last quarter. 14.53% of the stock is currently owned by institutional investors.

About Banco Santander Brasil

Banco Santander Brasil SA is the Brazilian unit of Spain-based Grupo Santander and one of the country's major commercial banks. Headquartered in São Paulo, the bank serves a broad client base across Brazil through an integrated network of branches, ATMs and digital channels. Its shares are represented abroad via American Depositary Shares listed on the New York Stock Exchange under the ticker BSBR.

The bank offers a full range of financial products and services for retail, small and medium-sized enterprises, and corporate clients.

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