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

Key Points

• Banco Santander Brasil stock recently surpassed its 200-day moving average, trading as high as $5.05, with a current price of $5.00.
• The company declared a dividend of $0.0655, reflecting a significant increase from the previous dividend of $0.05, representing a 526.0% yield.
• Analysts show mixed ratings for the stock, with Wall Street Zen downgrading it to "hold," while UBS Group upgraded it to "buy", resulting in an average rating of "Hold" and a price target of $5.35.

Banco Santander Brasil SA (NYSE:BSBR - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.91 and traded as high as $5.05. Banco Santander Brasil shares last traded at $5.00, with a volume of 527,647 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BSBR. Wall Street Zen lowered shares of Banco Santander Brasil from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. UBS Group raised shares of Banco Santander Brasil from a "neutral" rating to a "buy" rating in a research note on Wednesday, June 11th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Banco Santander Brasil currently has an average rating of "Hold" and a consensus price target of $5.35.

Banco Santander Brasil Trading Down 1.0%

The firm's 50 day moving average is $5.11 and its 200 day moving average is $4.91. The company has a market cap of $18.61 billion, a PE ratio of 6.17, a PEG ratio of 0.65 and a beta of 0.73. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.37 and a quick ratio of 1.37.

Banco Santander Brasil Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, August 18th. Shareholders of record on Tuesday, July 22nd will be paid a $0.0655 dividend. The ex-dividend date of this dividend is Monday, July 21st. This represents a yield of 526.0%. This is a boost from Banco Santander Brasil's previous dividend of $0.05. Banco Santander Brasil's dividend payout ratio is presently 32.10%.

Hedge Funds Weigh In On Banco Santander Brasil

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Hantz Financial Services Inc. grew its stake in Banco Santander Brasil by 553.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 6,997 shares of the bank's stock worth $38,000 after buying an additional 5,927 shares in the last quarter. Signaturefd LLC grew its stake in Banco Santander Brasil by 25.2% in the 1st quarter. Signaturefd LLC now owns 9,872 shares of the bank's stock worth $46,000 after buying an additional 1,986 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Banco Santander Brasil in the 1st quarter worth approximately $46,000. Vident Advisory LLC purchased a new position in Banco Santander Brasil in the 1st quarter worth approximately $50,000. Finally, Drive Wealth Management LLC purchased a new position in Banco Santander Brasil in the 1st quarter worth approximately $62,000. Hedge funds and other institutional investors 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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