Banco Santander Brasil (NYSE:BSBR) Sets New 12-Month High – Here’s What Happened

Shares of Banco Santander Brasil SA (NYSE:BSBR) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $7.11 and last traded at $7.0950, with a volume of 790428 shares changing hands. The stock had previously closed at $6.79.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Weiss Ratings raised Banco Santander Brasil from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday. The Goldman Sachs Group cut Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Finally, Wall Street Zen raised shares of Banco Santander Brasil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Banco Santander Brasil has an average rating of “Hold” and a consensus price target of $4.70.

Banco Santander Brasil Stock Performance

The company’s 50 day moving average is $6.27 and its 200 day moving average is $5.65. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.34 and a quick ratio of 1.34.

Banco Santander Brasil Announces Dividend

The business also recently declared a special dividend, which will be paid on Wednesday, February 18th. Investors of record on Thursday, January 22nd will be given a dividend of $0.1001 per share. The ex-dividend date of this dividend is Thursday, January 22nd.

Institutional Trading of Banco Santander Brasil

Several large investors have recently modified their holdings of the stock. Hantz Financial Services Inc. raised its stake in Banco Santander Brasil by 553.9% in the second quarter. Hantz Financial Services Inc. now owns 6,997 shares of the bank’s stock valued at $38,000 after purchasing an additional 5,927 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Banco Santander Brasil in the 1st quarter valued at approximately $46,000. Tuttle Capital Management LLC bought a new stake in shares of Banco Santander Brasil during the 4th quarter worth approximately $66,000. Public Employees Retirement System of Ohio boosted its position in shares of Banco Santander Brasil by 48.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,617 shares of the bank’s stock worth $63,000 after acquiring an additional 3,813 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in Banco Santander Brasil in the fourth quarter valued at approximately $76,000. 14.53% of the stock is owned by institutional investors and hedge funds.

About Banco Santander Brasil

Banco Santander Brasil SA is the Brazilian unit of Spain-based Grupo Santander and one of the country’s major commercial banks. Headquartered in São Paulo, the bank serves a broad client base across Brazil through an integrated network of branches, ATMs and digital channels. Its shares are represented abroad via American Depositary Shares listed on the New York Stock Exchange under the ticker BSBR.

The bank offers a full range of financial products and services for retail, small and medium-sized enterprises, and corporate clients.