Banco Santander Brasil SA (NYSE:BSBR) Receives $5.35 Average PT from Analysts

Shares of Banco Santander Brasil SA (NYSE:BSBR) have been assigned a consensus rating of “Hold” from the five brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $5.35.

A number of equities analysts recently commented on BSBR shares. The Goldman Sachs Group cut shares of Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Banco Santander Brasil in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Banco Santander Brasil from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th.

Institutional Investors Weigh In On Banco Santander Brasil

Several large investors have recently added to or reduced their stakes in BSBR. Wellington Management Group LLP boosted its position in Banco Santander Brasil by 74.0% in the 1st quarter. Wellington Management Group LLP now owns 1,606,117 shares of the bank’s stock valued at $7,565,000 after buying an additional 683,045 shares during the period. American Century Companies Inc. boosted its position in Banco Santander Brasil by 21.2% in the 2nd quarter. American Century Companies Inc. now owns 744,630 shares of the bank’s stock valued at $4,058,000 after buying an additional 130,366 shares during the period. Cordatus Wealth Management LLC purchased a new stake in Banco Santander Brasil in the 1st quarter valued at about $611,000. Arrowstreet Capital Limited Partnership raised its holdings 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. Finally, Bank of America Corp DE raised its holdings in shares of Banco Santander Brasil by 50.5% in the 2nd quarter. Bank of America Corp DE now owns 291,643 shares of the bank’s stock valued at $1,589,000 after purchasing an additional 97,875 shares in the last quarter. 14.53% of the stock is owned by hedge funds and other institutional investors.

Banco Santander Brasil Stock Up 1.7%

BSBR stock opened at $5.89 on Tuesday. Banco Santander Brasil has a 12 month low of $3.75 and a 12 month high of $5.95. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 3.28. The company has a 50-day moving average price of $5.39 and a 200 day moving average price of $5.21.

Banco Santander Brasil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Thursday, October 23rd will be given a $0.0983 dividend. This is a positive change from Banco Santander Brasil’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Thursday, October 23rd. This represents a $0.39 annualized dividend and a yield of 6.7%.

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.