Banco Santander Brasil SA (NYSE:BSBR) Declares Dividend of $0.07

Banco Santander Brasil SA (NYSE:BSBR - Get Free Report) declared 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 dividend payout ratio of 32.5% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Stock Up 2.3%

BSBR stock traded up $0.12 during mid-day trading on Thursday, hitting $5.12. 433,251 shares of the company were exchanged, compared to its average volume of 495,785. The firm has a market cap of $19.04 billion, a P/E ratio of 6.29, a P/E/G ratio of 0.63 and a beta of 0.76. Banco Santander Brasil has a 1-year low of $3.75 and a 1-year high of $5.77. 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's 50 day simple moving average is $5.30 and its 200 day simple moving average is $4.80.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Banco Santander Brasil stock. Cubist Systematic Strategies LLC acquired a new position in shares of Banco Santander Brasil SA (NYSE:BSBR - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,685 shares of the bank's stock, valued at approximately $46,000. Institutional investors own 14.53% of the company's stock.

Analysts Set New Price Targets

BSBR has been the topic of several analyst reports. Wall Street Zen raised shares of Banco Santander Brasil from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. UBS Group upgraded Banco Santander Brasil from a "neutral" rating to a "buy" rating in a report on Wednesday, June 11th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Banco Santander Brasil currently has a consensus rating of "Moderate Buy" and an average target price of $5.35.

Banco Santander Brasil Company Profile

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.