Banco Santander (Brasil) (NYSE:BSBR) Shares Gap Up - Here's What Happened

Banco Santander (Brasil) S.A. (NYSE:BSBR - Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $5.20, but opened at $5.36. Banco Santander (Brasil) shares last traded at $5.42, with a volume of 91,234 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on BSBR shares. UBS Group raised shares of Banco Santander (Brasil) from a "neutral" rating to a "buy" rating in a research report on Wednesday. Wall Street Zen raised shares of Banco Santander (Brasil) from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, The Goldman Sachs Group upgraded shares of Banco Santander (Brasil) from a "sell" rating to a "neutral" rating and increased their target price for the stock from $4.20 to $4.70 in a research note on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Banco Santander (Brasil) currently has a consensus rating of "Moderate Buy" and an average price target of $5.35.

Banco Santander (Brasil) Trading Down 1.3%

The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $20.02 billion, a P/E ratio of 6.64, a price-to-earnings-growth ratio of 0.73 and a beta of 0.76. The stock's fifty day moving average price is $5.04 and its two-hundred day moving average price is $4.60.

Banco Santander (Brasil) Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, May 19th. Investors of record on Thursday, April 24th were issued a dividend of $0.0463 per share. The ex-dividend date was Wednesday, April 23rd. This represents a yield of 3.97%. Banco Santander (Brasil)'s dividend payout ratio is currently 22.22%.

Institutional Investors Weigh In On Banco Santander (Brasil)

A number of large investors have recently made changes to their positions in BSBR. SBI Securities Co. Ltd. purchased a new position in shares of Banco Santander (Brasil) during the fourth quarter valued at about $37,000. American Century Companies Inc. boosted its position in shares of Banco Santander (Brasil) by 10.8% during the fourth quarter. American Century Companies Inc. now owns 548,931 shares of the bank's stock valued at $2,146,000 after purchasing an additional 53,542 shares in the last quarter. LPL Financial LLC purchased a new stake in Banco Santander (Brasil) in the fourth quarter worth $70,000. EntryPoint Capital LLC bought a new position in Banco Santander (Brasil) in the fourth quarter worth $47,000. Finally, JPMorgan Chase & Co. raised its holdings in Banco Santander (Brasil) by 290.9% in the fourth quarter. JPMorgan Chase & Co. now owns 118,916 shares of the bank's stock worth $465,000 after purchasing an additional 88,497 shares in the last quarter. 14.53% of the stock is currently owned by institutional investors.

Banco Santander (Brasil) Company Profile

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.