Vident Advisory LLC Purchases New Holdings in Banco Santander Brasil SA $BSBR

Vident Advisory LLC acquired a new stake in Banco Santander Brasil SA (NYSE:BSBR) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,534 shares of the bank’s stock, valued at approximately $50,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wellington Management Group LLP raised its stake in Banco Santander Brasil by 74.0% in the first 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. Brooklyn Investment Group bought a new stake in Banco Santander Brasil in the first quarter valued at approximately $71,000. American Century Companies Inc. increased its stake in shares of Banco Santander Brasil by 11.9% during the first quarter. American Century Companies Inc. now owns 614,264 shares of the bank’s stock worth $2,893,000 after purchasing an additional 65,333 shares during the period. Invesco Ltd. increased its stake in shares of Banco Santander Brasil by 8.4% during the first quarter. Invesco Ltd. now owns 188,544 shares of the bank’s stock worth $888,000 after purchasing an additional 14,580 shares during the period. Finally, R Squared Ltd increased its stake in shares of Banco Santander Brasil by 37.6% during the first quarter. R Squared Ltd now owns 24,590 shares of the bank’s stock worth $116,000 after purchasing an additional 6,720 shares during the period. Institutional investors own 14.53% of the company’s stock.

Banco Santander Brasil Stock Up 1.9%

Shares of NYSE BSBR opened at $5.46 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 3.28. The company has a market cap of $20.32 billion, a price-to-earnings ratio of 6.74, a PEG ratio of 0.66 and a beta of 0.80. Banco Santander Brasil SA has a 12 month low of $3.75 and a 12 month high of $5.67. The stock has a 50-day moving average price of $5.03 and a two-hundred day moving average price of $4.99.

Banco Santander Brasil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, July 21st were paid a dividend of $0.0655 per share. The ex-dividend date of this dividend was Monday, July 21st. This is a positive change from Banco Santander Brasil’s previous quarterly dividend of $0.05. This represents a $0.26 annualized dividend and a yield of 4.8%. Banco Santander Brasil’s payout ratio is presently 33.33%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on BSBR shares. Wall Street Zen lowered Banco Santander Brasil from a “buy” rating to a “hold” rating in a research note on Friday, July 18th. UBS Group upgraded Banco Santander Brasil from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 11th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Banco Santander Brasil currently has an average rating of “Moderate Buy” and a consensus price target of $5.35.

Banco Santander Brasil Company Profile

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.