GAMMA Investing LLC lifted its position in shares of Banco Santander Brasil SA (NYSE:BSBR - Free Report) by 793.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 74,814 shares of the bank's stock after acquiring an additional 66,444 shares during the period. GAMMA Investing LLC's holdings in Banco Santander Brasil were worth $352,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of BSBR. SBI Securities Co. Ltd. acquired a new position in shares of Banco Santander Brasil during the fourth quarter worth approximately $37,000. EntryPoint Capital LLC bought a new stake in shares of Banco Santander Brasil during the fourth quarter valued at about $47,000. LPL Financial LLC acquired a new stake in Banco Santander Brasil in the fourth quarter worth about $70,000. Barclays PLC lifted its holdings in Banco Santander Brasil by 86.7% in the fourth quarter. Barclays PLC now owns 23,200 shares of the bank's stock worth $91,000 after purchasing an additional 10,772 shares during the period. Finally, Jane Street Group LLC bought a new position in Banco Santander Brasil in the 4th quarter valued at about $109,000. Institutional investors and hedge funds own 14.53% of the company's stock.
Analyst Ratings Changes
A number of 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 report on Thursday, May 22nd. UBS Group raised 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 issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $5.35.
Get Our Latest Stock Analysis on Banco Santander Brasil
Banco Santander Brasil Price Performance
NYSE:BSBR traded down $0.13 during mid-day trading on Friday, reaching $5.33. 487,918 shares of the stock were exchanged, compared to its average volume of 484,943. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 3.33. The business has a fifty day moving average price of $5.17 and a 200 day moving average price of $4.65. Banco Santander Brasil SA has a 1-year low of $3.75 and a 1-year high of $5.77. The firm has a market capitalization of $19.82 billion, a PE ratio of 6.57, a PEG ratio of 0.68 and a beta of 0.76.
Banco Santander Brasil Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Monday, May 19th. Stockholders of record on Thursday, April 24th were paid a $0.0463 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a dividend yield of 3.97%. Banco Santander Brasil's dividend payout ratio is currently 22.22%.
Banco Santander Brasil Profile
(
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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