GAMMA Investing LLC Grows Stock Position in Banco Santander Brasil SA $BSBR

GAMMA Investing LLC lifted its stake in Banco Santander Brasil SA (NYSE:BSBR) by 27.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,256 shares of the bank’s stock after buying an additional 4,372 shares during the period. GAMMA Investing LLC’s holdings in Banco Santander Brasil were worth $110,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Cubist Systematic Strategies LLC purchased a new position in shares of Banco Santander Brasil in the first quarter worth about $46,000. Signaturefd LLC grew its stake in shares of Banco Santander Brasil by 25.2% in the first quarter. Signaturefd LLC now owns 9,872 shares of the bank’s stock worth $46,000 after purchasing an additional 1,986 shares during the last quarter. Vident Advisory LLC bought a new stake in shares of Banco Santander Brasil in the first quarter worth about $50,000. Drive Wealth Management LLC bought a new stake in shares of Banco Santander Brasil in the first quarter worth about $62,000. Finally, May Hill Capital LLC bought a new stake in shares of Banco Santander Brasil in the first quarter worth about $63,000. Hedge funds and other institutional investors own 14.53% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wall Street Zen raised Banco Santander Brasil from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. UBS Group raised 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $5.35.

Banco Santander Brasil Stock Performance

Shares of BSBR opened at $5.47 on Thursday. 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 business’s 50 day moving average price is $5.15 and its 200-day moving average price is $5.09. Banco Santander Brasil SA has a 52 week low of $3.75 and a 52 week high of $5.65. The stock has a market cap of $20.38 billion, a P/E ratio of 6.75, a P/E/G ratio of 0.69 and a beta of 0.80.

Banco Santander Brasil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, July 21st were issued a $0.0655 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Monday, July 21st. This is an increase from Banco Santander Brasil’s previous quarterly dividend of $0.05. Banco Santander Brasil’s dividend payout ratio (DPR) is presently 33.33%.

Banco Santander Brasil 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.