Banco Santander (Brasil) (NYSE:BSBR) Shares Gap Up to $5.15

Banco Santander (Brasil) S.A. (NYSE:BSBRGet Rating) shares gapped up prior to trading on Monday . The stock had previously closed at $5.15, but opened at $5.27. Banco Santander (Brasil) shares last traded at $5.20, with a volume of 2,923 shares traded.

Analyst Ratings Changes

Several research analysts recently commented on the stock. TheStreet upgraded shares of Banco Santander (Brasil) from a “c” rating to a “b-” rating in a report on Wednesday, November 2nd. StockNews.com started coverage on shares of Banco Santander (Brasil) in a report on Wednesday, October 12th. They set a “hold” rating on the stock. The Goldman Sachs Group downgraded shares of Banco Santander (Brasil) from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $6.70 to $5.00 in a report on Friday, October 28th. Bank of America downgraded shares of Banco Santander (Brasil) from a “neutral” rating to an “underperform” rating in a report on Tuesday, November 1st. Finally, Barclays downgraded shares of Banco Santander (Brasil) from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $6.00 to $5.00 in a report on Tuesday, November 15th. Three research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $5.00.

Banco Santander (Brasil) Stock Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.11 and a current ratio of 0.11. The firm’s 50-day moving average price is $5.71 and its two-hundred day moving average price is $5.84. The firm has a market capitalization of $19.38 billion, a price-to-earnings ratio of 12.98, a price-to-earnings-growth ratio of 1.34 and a beta of 0.90.

Banco Santander (Brasil) Increases Dividend

The firm also recently announced a — dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Tuesday, October 25th will be given a dividend of $0.0447 per share. This is a positive change from Banco Santander (Brasil)’s previous — dividend of $0.04. This represents a dividend yield of 8.1%. The ex-dividend date of this dividend is Monday, October 24th. Banco Santander (Brasil)’s payout ratio is 50.00%.

Institutional Trading of Banco Santander (Brasil)

Institutional investors have recently made changes to their positions in the business. FORA Capital LLC acquired a new position in Banco Santander (Brasil) in the first quarter valued at about $152,000. Smith Group Asset Management LLC boosted its position in Banco Santander (Brasil) by 12.8% in the first quarter. Smith Group Asset Management LLC now owns 112,700 shares of the bank’s stock valued at $868,000 after buying an additional 12,780 shares in the last quarter. Freestone Capital Holdings LLC acquired a new position in Banco Santander (Brasil) in the first quarter valued at about $89,000. US Bancorp DE boosted its position in Banco Santander (Brasil) by 63.2% in the second quarter. US Bancorp DE now owns 24,436 shares of the bank’s stock valued at $134,000 after buying an additional 9,460 shares in the last quarter. Finally, West Family Investments Inc. acquired a new position in Banco Santander (Brasil) in the third quarter valued at about $67,000. 14.52% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander (Brasil) Company Profile

(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.

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