Banco Santander Brasil SA (NYSE:BSBR) Increases Dividend to $0.07 Per Share

Banco Santander Brasil SA (NYSE:BSBR - Get Free Report) announced a dividend on Wednesday, July 16th, investing.com reports. Investors of record on Tuesday, July 22nd will be given a dividend of 0.0655 per share by the bank on Monday, August 18th. This represents a yield of 5.26%. The ex-dividend date of this dividend is Monday, July 21st. This is a 41.6% increase from Banco Santander Brasil's previous dividend of $0.05.

Banco Santander Brasil has a payout ratio of 32.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Banco Santander Brasil to earn $0.71 per share next year, which means the company should continue to be able to cover its $0.27 annual dividend with an expected future payout ratio of 38.0%.

Banco Santander Brasil Price Performance

BSBR stock traded down $0.28 during trading on Friday, hitting $4.84. The company had a trading volume of 1,161,873 shares, compared to its average volume of 497,684. The firm has a market capitalization of $18.01 billion, a price-to-earnings ratio of 5.98, a P/E/G ratio of 0.65 and a beta of 0.76. The business has a 50 day moving average of $5.29 and a 200 day moving average of $4.82. Banco Santander Brasil has a fifty-two week low of $3.75 and a fifty-two week high of $5.77. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 3.33.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in 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. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Banco Santander Brasil presently has an average rating of "Hold" and an average price target of $5.35.

Hedge Funds Weigh In On Banco Santander Brasil

A hedge fund recently bought a new stake in Banco Santander Brasil stock. Cubist Systematic Strategies LLC bought a new stake in Banco Santander Brasil SA (NYSE:BSBR - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,685 shares of the bank's stock, valued at approximately $46,000. 14.53% of the stock is currently owned by institutional investors and hedge funds.

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.