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Banco Santander Brasil (NYSE:BSBR) Stock Price Down 2.4% - Time to Sell?

Banco Santander Brasil logo with Finance background

Shares of Banco Santander Brasil SA (NYSE:BSBR - Get Free Report) fell 2.4% during mid-day trading on Friday . The stock traded as low as $5.00 and last traded at $5.00. 39,687 shares changed hands during trading, a decline of 92% from the average session volume of 494,104 shares. The stock had previously closed at $5.12.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. UBS Group upgraded Banco Santander Brasil from a "neutral" rating to a "buy" rating in a report on Wednesday, June 11th. Wall Street Zen cut Banco Santander Brasil from a "buy" rating to a "hold" rating in a report on Friday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $5.35.

View Our Latest Stock Report on BSBR

Banco Santander Brasil Stock Up 0.1%

The company has a debt-to-equity ratio of 3.33, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market capitalization of $17.62 billion, a P/E ratio of 5.83, a P/E/G ratio of 0.61 and a beta of 0.76. The stock has a fifty day moving average price of $5.29 and a two-hundred day moving average price of $4.83.

Banco Santander Brasil Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, August 18th. Shareholders of record on Tuesday, July 22nd will be paid a $0.0655 dividend. This is an increase from Banco Santander Brasil's previous dividend of $0.05. This represents a yield of 5.26%. The ex-dividend date of this dividend is Monday, July 21st. Banco Santander Brasil's payout ratio is presently 32.10%.

Hedge Funds Weigh In On Banco Santander Brasil

Several hedge funds and other institutional investors have recently made changes to their positions in BSBR. American Century Companies Inc. boosted its position in shares of Banco Santander Brasil by 10.8% during the fourth quarter. American Century Companies Inc. now owns 548,931 shares of the bank's stock worth $2,146,000 after buying an additional 53,542 shares during the period. LPL Financial LLC acquired a new stake in Banco Santander Brasil in the fourth quarter worth approximately $70,000. EntryPoint Capital LLC acquired a new stake in Banco Santander Brasil in the fourth quarter worth approximately $47,000. JPMorgan Chase & Co. lifted its position in Banco Santander Brasil by 290.9% in the fourth quarter. JPMorgan Chase & Co. now owns 118,916 shares of the bank's stock worth $465,000 after purchasing an additional 88,497 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in Banco Santander Brasil by 2.7% in 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 period. 14.53% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander Brasil Company Profile

(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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