Bank of America Corp DE Raises Holdings in Banco Santander (Brasil) S.A. (NYSE:BSBR)

Bank of America Corp DE increased its position in shares of Banco Santander (Brasil) S.A. (NYSE:BSBR - Free Report) by 92.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 256,119 shares of the bank's stock after buying an additional 122,924 shares during the period. Bank of America Corp DE's holdings in Banco Santander (Brasil) were worth $1,001,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BSBR. SBI Securities Co. Ltd. purchased a new position in Banco Santander (Brasil) in the fourth quarter valued at about $37,000. Barclays PLC grew its stake in Banco Santander (Brasil) by 86.7% in the fourth quarter. Barclays PLC now owns 23,200 shares of the bank's stock valued at $91,000 after purchasing an additional 10,772 shares during the last quarter. EntryPoint Capital LLC purchased a new position in Banco Santander (Brasil) in the fourth quarter valued at about $47,000. LPL Financial LLC purchased a new position in Banco Santander (Brasil) in the fourth quarter valued at about $70,000. Finally, Dimensional Fund Advisors LP grew its stake in Banco Santander (Brasil) by 99.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 52,212 shares of the bank's stock valued at $204,000 after purchasing an additional 25,985 shares during the last quarter. Hedge funds and other institutional investors own 14.53% of the company's stock.

Banco Santander (Brasil) Stock Performance

Shares of Banco Santander (Brasil) stock traded up $0.26 on Wednesday, reaching $5.46. 740,885 shares of the stock were exchanged, compared to its average volume of 485,354. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.25. Banco Santander has a twelve month low of $3.75 and a twelve month high of $5.77. The firm has a market capitalization of $20.30 billion, a price-to-earnings ratio of 6.73, a PEG ratio of 0.73 and a beta of 0.76. The business has a 50 day moving average price of $5.04 and a two-hundred day moving average price of $4.60.

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 given a $0.0463 dividend. This represents a dividend yield of 3.97%. The ex-dividend date of this dividend was Wednesday, April 23rd. Banco Santander (Brasil)'s dividend payout ratio (DPR) is presently 22.22%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on BSBR shares. Wall Street Zen upgraded Banco Santander (Brasil) from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. UBS Group raised Banco Santander (Brasil) from a "neutral" rating to a "buy" rating in a report on Wednesday. Finally, The Goldman Sachs Group raised Banco Santander (Brasil) from a "sell" rating to a "neutral" rating and raised their price target for the stock from $4.20 to $4.70 in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Banco Santander (Brasil) currently has a consensus rating of "Moderate Buy" and an average target price of $5.35.

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.