Banco Santander Brasil (NYSE:BSBR) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Banco Santander Brasil SA (NYSE:BSBR)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.96 and traded as high as $6.49. Banco Santander Brasil shares last traded at $6.4350, with a volume of 758,459 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Weiss Ratings raised shares of Banco Santander Brasil from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, January 26th. Wall Street Zen raised Banco Santander Brasil from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Banco Santander Brasil presently has a consensus rating of “Hold”.

Banco Santander Brasil Stock Down 1.2%

The firm’s 50-day simple moving average is $6.53 and its 200 day simple moving average is $5.96. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 3.13.

Banco Santander Brasil Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Wednesday, February 18th. Investors of record on Thursday, January 22nd were issued a $0.1001 dividend. The ex-dividend date of this dividend was Thursday, January 22nd.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BSBR. Royal Bank of Canada raised its stake in shares of Banco Santander Brasil by 288.1% during the fourth quarter. Royal Bank of Canada now owns 5,038 shares of the bank’s stock valued at $31,000 after purchasing an additional 3,740 shares in the last quarter. Hantz Financial Services Inc. raised its position in shares of Banco Santander Brasil by 553.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 6,997 shares of the bank’s stock worth $38,000 after buying an additional 5,927 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Banco Santander Brasil in the 1st quarter worth approximately $46,000. Tuttle Capital Management LLC bought a new position in shares of Banco Santander Brasil in the fourth quarter valued at approximately $66,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Banco Santander Brasil during the second quarter valued at approximately $70,000. Institutional investors and hedge funds own 14.53% of the company’s stock.

About Banco Santander Brasil

Banco Santander Brasil SA is the Brazilian unit of Spain-based Grupo Santander and one of the country’s major commercial banks. Headquartered in São Paulo, the bank serves a broad client base across Brazil through an integrated network of branches, ATMs and digital channels. Its shares are represented abroad via American Depositary Shares listed on the New York Stock Exchange under the ticker BSBR.

The bank offers a full range of financial products and services for retail, small and medium-sized enterprises, and corporate clients.