Banco Santander Brasil SA (NYSE:BSBR - Get Free Report)'s stock price dropped 2.4% during mid-day trading on Friday . The stock traded as low as $5.00 and last traded at $5.00. Approximately 39,687 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 494,104 shares. The stock had previously closed at $5.12.
Analyst Ratings Changes
BSBR has been the topic of several research analyst reports. UBS Group upgraded Banco Santander Brasil from a "neutral" rating to a "buy" rating in a research note on Wednesday, June 11th. Wall Street Zen upgraded Banco Santander Brasil from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $5.35.
Check Out Our Latest Analysis on BSBR
Banco Santander Brasil Stock Performance
The company has a market cap of $18.33 billion, a P/E ratio of 6.08, a price-to-earnings-growth ratio of 0.63 and a beta of 0.76. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 3.33. The stock has a 50 day moving average price of $5.29 and a two-hundred day moving average price of $4.81.
Banco Santander Brasil Increases Dividend
The company also recently announced a dividend, which will be paid on Monday, August 18th. Stockholders of record on Tuesday, July 22nd will be paid a dividend of $0.0655 per share. The ex-dividend date of this dividend is Monday, July 21st. This represents a dividend yield of 5.26%. This is a positive change from Banco Santander Brasil's previous dividend of $0.05. Banco Santander Brasil's dividend payout ratio (DPR) is 22.22%.
Institutional Investors Weigh In On Banco Santander Brasil
A number of large investors have recently added to or reduced their stakes in BSBR. Arrowstreet Capital Limited Partnership lifted its stake in Banco Santander Brasil by 2.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,931,201 shares of the bank's stock worth $7,551,000 after purchasing an additional 51,542 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of 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 buying an additional 683,045 shares during the period. Marshall Wace LLP raised its position in shares of Banco Santander Brasil by 35.1% in the 4th quarter. Marshall Wace LLP now owns 750,403 shares of the bank's stock worth $2,934,000 after acquiring an additional 194,984 shares in the last quarter. American Century Companies Inc. raised its position in shares of Banco Santander Brasil by 11.9% in the 1st quarter. American Century Companies Inc. now owns 614,264 shares of the bank's stock worth $2,893,000 after acquiring an additional 65,333 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Banco Santander Brasil by 92.3% in the 4th quarter. Bank of America Corp DE now owns 256,119 shares of the bank's stock worth $1,001,000 after acquiring an additional 122,924 shares in the last quarter. Institutional investors and hedge funds own 14.53% of the company's stock.
About Banco Santander Brasil
(
Get Free Report)
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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