Banco Santander (Brasil) S.A. to Issue Variable Dividend of $0.04 (NYSE:BSBR)

Banco Santander (Brasil) S.A. (NYSE:BSBRGet Rating) declared a Variable dividend on Tuesday, April 19th, investing.com reports. Investors of record on Monday, April 25th will be given a dividend of 0.0352 per share by the bank on Monday, May 23rd. This represents a yield of 5.55%. The ex-dividend date is Friday, April 22nd.

NYSE:BSBR opened at $7.61 on Tuesday. Banco Santander has a 1 year low of $5.18 and a 1 year high of $9.27. The firm’s fifty day simple moving average is $6.80 and its 200 day simple moving average is $6.28. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $28.53 billion, a PE ratio of 19.03, a PEG ratio of 0.86 and a beta of 0.90.

Banco Santander (Brasil) (NYSE:BSBRGet Rating) last posted its earnings results on Thursday, February 24th. The bank reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). Banco Santander (Brasil) had a net margin of 14.83% and a return on equity of 12.63%. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $3.31 billion. As a group, analysts anticipate that Banco Santander will post 0.88 EPS for the current fiscal year.

A number of research analysts recently issued reports on BSBR shares. The Goldman Sachs Group upgraded shares of Banco Santander (Brasil) from a “sell” rating to a “neutral” rating and set a $6.00 target price on the stock in a research note on Friday, January 14th. Barclays assumed coverage on shares of Banco Santander (Brasil) in a report on Monday, January 24th. They issued an “equal weight” rating and a $6.00 price target for the company. StockNews.com assumed coverage on shares of Banco Santander (Brasil) in a report on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research raised shares of Banco Santander (Brasil) from a “hold” rating to a “buy” rating and set a $8.75 price target for the company in a report on Tuesday, April 5th. Finally, TheStreet raised shares of Banco Santander (Brasil) from a “c+” rating to a “b-” rating in a report on Friday, March 25th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Banco Santander (Brasil) currently has an average rating of “Hold” and a consensus price target of $6.92.

Several large investors have recently added to or reduced their stakes in BSBR. Citadel Advisors LLC lifted its holdings in Banco Santander (Brasil) by 9.8% during the 4th quarter. Citadel Advisors LLC now owns 850,585 shares of the bank’s stock valued at $4,568,000 after purchasing an additional 76,031 shares during the last quarter. Cubist Systematic Strategies LLC lifted its holdings in Banco Santander (Brasil) by 114.4% during the 4th quarter. Cubist Systematic Strategies LLC now owns 335,018 shares of the bank’s stock valued at $1,799,000 after purchasing an additional 178,743 shares during the last quarter. Morgan Stanley lifted its holdings in Banco Santander (Brasil) by 124.6% during the 3rd quarter. Morgan Stanley now owns 242,515 shares of the bank’s stock valued at $1,586,000 after purchasing an additional 134,561 shares during the last quarter. Millennium Management LLC lifted its holdings in Banco Santander (Brasil) by 1.7% during the 3rd quarter. Millennium Management LLC now owns 199,170 shares of the bank’s stock valued at $1,303,000 after purchasing an additional 3,335 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Banco Santander (Brasil) by 5.1% during the 3rd quarter. Invesco Ltd. now owns 187,096 shares of the bank’s stock valued at $1,224,000 after purchasing an additional 9,003 shares during the last quarter.

About Banco Santander (Brasil) (Get Rating)

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 in two segments, Commercial Banking and Global Wholesale Banking. It offers deposits and other bank funding instruments; debit and credit cards; digital prepaid solutions; payment platform; loyalty programs; employee benefit vouchers; payroll loans; digital lending and online debt renegotiation services; mortgages; home equity financing products; consumer credit; and local loans, commercial and trade finance, guarantees, structured loans, and cash management and funding solutions, as well as on-lending transfer services.

Featured Stories

Dividend History for Banco Santander (Brasil) (NYSE:BSBR)

Receive News & Ratings for Banco Santander (Brasil) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Santander (Brasil) and related companies with MarketBeat.com's FREE daily email newsletter.