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) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. UBS Group raised shares of Banco Santander Brasil from a "neutral" rating to a "buy" rating in a report on Wednesday, June 11th. Wall Street Zen downgraded shares of Banco Santander Brasil from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $5.35.

Banco Santander Brasil Price Performance

The stock's fifty day moving average is $5.11 and its 200-day moving average is $4.93. The stock has a market capitalization of $18.78 billion, a PE ratio of 6.23, a P/E/G ratio of 0.64 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. Investors of record on Tuesday, July 22nd will be given a dividend of $0.0655 per share. This is a boost from Banco Santander Brasil's previous dividend of $0.05. The ex-dividend date is Monday, July 21st. This represents a dividend yield of 526.0%. Banco Santander Brasil's payout ratio is currently 33.33%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Hantz Financial Services Inc. lifted its stake in shares of 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 buying an additional 5,927 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Banco Santander Brasil by 25.2% in the first 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 shares of Banco Santander Brasil in the first quarter worth about $46,000. Vident Advisory LLC purchased a new position in shares of Banco Santander Brasil in the first quarter worth about $50,000. Finally, Drive Wealth Management LLC purchased a new position in shares of Banco Santander Brasil in the first quarter worth about $62,000. Institutional investors and hedge funds 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.