Banco Santander (Brasil) (NYSE:BSBR) Share Price Passes Above 200 Day Moving Average - What's Next?

Banco Santander (Brasil) S.A. (NYSE:BSBR - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.54 and traded as high as $5.31. Banco Santander (Brasil) shares last traded at $5.30, with a volume of 458,114 shares traded.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BSBR. The Goldman Sachs Group upgraded shares of Banco Santander (Brasil) from a "sell" rating to a "neutral" rating and upped their price objective for the company from $4.20 to $4.70 in a research report on Wednesday, February 12th. Wall Street Zen raised Banco Santander (Brasil) from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd.

Banco Santander (Brasil) Price Performance

The company's fifty day moving average price is $4.96 and its two-hundred day moving average price is $4.55. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.25. The company has a market cap of $19.37 billion, a price-to-earnings ratio of 6.43, a PEG ratio of 0.73 and a beta of 0.76.

Banco Santander (Brasil) Cuts Dividend

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

Institutional Investors Weigh In On Banco Santander (Brasil)

Institutional investors have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership grew its stake in shares of Banco Santander (Brasil) by 2.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,931,201 shares of the bank's stock worth $7,551,000 after acquiring an additional 51,542 shares in the last quarter. Wellington Management Group LLP grew its position in Banco Santander (Brasil) by 74.0% in the first quarter. Wellington Management Group LLP now owns 1,606,117 shares of the bank's stock valued at $7,565,000 after purchasing an additional 683,045 shares in the last quarter. Marshall Wace LLP grew its position in Banco Santander (Brasil) by 35.1% in the fourth quarter. Marshall Wace LLP now owns 750,403 shares of the bank's stock valued at $2,934,000 after purchasing an additional 194,984 shares in the last quarter. American Century Companies Inc. increased its stake in Banco Santander (Brasil) by 11.9% in the 1st quarter. American Century Companies Inc. now owns 614,264 shares of the bank's stock valued at $2,893,000 after buying an additional 65,333 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in Banco Santander (Brasil) by 92.3% during the 4th quarter. Bank of America Corp DE now owns 256,119 shares of the bank's stock worth $1,001,000 after buying an additional 122,924 shares in the last quarter. Institutional investors own 14.53% of the company's stock.

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.