Banco Santander Brasil SA (NYSE:BSBR) Receives Average Rating of "Hold" from Analysts

Key Points

• Banco Santander Brasil SA has received an average rating of "Hold" from analysts, with three hold ratings and two buy ratings, and a twelve-month price objective of $5.35.
• The company has recently increased its quarterly dividend to $0.0655 per share, reflecting an annual dividend of $0.26 and a yield of 4.8%.
• Hedge funds have shown significant interest, with many increasing their stakes in Banco Santander Brasil, highlighted by BNP Paribas Financial Markets lifting their holdings by 3,302.2% during the second quarter.

Shares of Banco Santander Brasil SA (NYSE:BSBR - Get Free Report) have been assigned a consensus recommendation of "Hold" from the five ratings firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $5.35.

Several equities analysts have commented on the stock. Wall Street Zen upgraded shares of Banco Santander Brasil from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. UBS Group raised shares of Banco Santander Brasil from a "neutral" rating to a "buy" rating in a report on Wednesday, June 11th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Banco Santander Brasil in a report on Saturday, September 27th.

Banco Santander Brasil Trading Up 0.6%

Shares of NYSE BSBR traded up $0.04 during midday trading on Friday, reaching $5.48. 304,012 shares of the stock were exchanged, compared to its average volume of 609,269. The company has a 50 day simple moving average of $5.17 and a 200 day simple moving average of $5.09. The stock has a market capitalization of $20.42 billion, a P/E ratio of 6.76, a PEG ratio of 0.67 and a beta of 0.80. The company has a debt-to-equity ratio of 3.28, a quick ratio of 1.37 and a current ratio of 1.37. Banco Santander Brasil has a twelve month low of $3.75 and a twelve month high of $5.65.

Banco Santander Brasil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, July 21st were given a dividend of $0.0655 per share. This represents a $0.26 dividend on an annualized basis and a yield of 4.8%. This is an increase from Banco Santander Brasil's previous quarterly dividend of $0.05. The ex-dividend date was Monday, July 21st. Banco Santander Brasil's dividend payout ratio (DPR) is 33.33%.

Hedge Funds Weigh In On Banco Santander Brasil

A number of hedge funds have recently made changes to their positions in BSBR. Engineers Gate Manager LP lifted its holdings in shares of Banco Santander Brasil by 40.9% during the 2nd quarter. Engineers Gate Manager LP now owns 18,910 shares of the bank's stock valued at $103,000 after acquiring an additional 5,490 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Banco Santander Brasil by 3,302.2% during the 2nd quarter. BNP Paribas Financial Markets now owns 57,974 shares of the bank's stock valued at $316,000 after acquiring an additional 56,270 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Banco Santander Brasil by 50.5% during the 2nd quarter. Bank of America Corp DE now owns 291,643 shares of the bank's stock valued at $1,589,000 after acquiring an additional 97,875 shares in the last quarter. Invesco Ltd. lifted its holdings in Banco Santander Brasil by 9.7% in the 2nd quarter. Invesco Ltd. now owns 206,851 shares of the bank's stock worth $1,127,000 after buying an additional 18,307 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Banco Santander Brasil by 5.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,526,757 shares of the bank's stock valued at $13,771,000 after purchasing an additional 121,804 shares in the last quarter. Institutional investors and hedge funds own 14.53% of the company's stock.

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.

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