Banco Santander Brasil (NYSE:BSBR) Shares Pass Above 200 Day Moving Average - Should You Sell?

Key Points

• Banco Santander Brasil shares recently surpassed their 200-day moving average, closing at $5.56, reflecting positive trading activity.
• Wall Street analysts have upgraded Banco Santander Brasil's stock to a consensus rating of "Moderate Buy," highlighting growth potential with an average price target of $5.35.
• The company announced an increased quarterly dividend of $0.0655, representing a 4.7% yield, indicating a positive outlook for shareholder returns.

Banco Santander Brasil SA (NYSE:BSBR - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.08 and traded as high as $5.61. Banco Santander Brasil shares last traded at $5.56, with a volume of 362,258 shares traded.

Wall Street Analysts Forecast Growth

BSBR has been the subject of a number of recent research reports. Wall Street Zen upgraded Banco Santander Brasil from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. UBS Group raised Banco Santander Brasil from a "neutral" rating to a "buy" rating in a research note on Wednesday, June 11th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $5.35.

Banco Santander Brasil Stock Performance

The company has a debt-to-equity ratio of 3.28, a current ratio of 1.37 and a quick ratio of 1.37. The company has a 50 day moving average of $5.12 and a two-hundred day moving average of $5.08. The company has a market capitalization of $20.72 billion, a PE ratio of 6.86, a PEG ratio of 0.68 and a beta of 0.80.

Banco Santander Brasil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, July 21st were issued a $0.0655 dividend. This represents a $0.26 annualized dividend and a yield of 4.7%. This is a positive change from Banco Santander Brasil's previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Monday, July 21st. Banco Santander Brasil's dividend payout ratio is presently 33.33%.

Institutional Investors Weigh In On Banco Santander Brasil

Hedge funds have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. boosted its holdings in Banco Santander Brasil by 553.9% in the second quarter. Hantz Financial Services Inc. now owns 6,997 shares of the bank's stock worth $38,000 after acquiring an additional 5,927 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Banco Santander Brasil by 25.2% during the first quarter. Signaturefd LLC now owns 9,872 shares of the bank's stock valued at $46,000 after purchasing an additional 1,986 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Banco Santander Brasil during the first quarter valued at $46,000. Vident Advisory LLC bought a new position in shares of Banco Santander Brasil during the first quarter valued at $50,000. Finally, Drive Wealth Management LLC bought a new position in shares of Banco Santander Brasil during the first quarter valued at $62,000. 14.53% of the stock is owned by institutional investors.

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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