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

Shares of Banco Santander Brasil SA (NYSE:BSBR) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.44 and traded as high as $5.98. Banco Santander Brasil shares last traded at $5.8550, with a volume of 526,109 shares.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Wall Street Zen raised shares of Banco Santander Brasil from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. The Goldman Sachs Group cut Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Banco Santander Brasil in a research report on Monday. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $4.70.

Banco Santander Brasil Stock Performance

The company has a 50 day simple moving average of $5.88 and a two-hundred day simple moving average of $5.44. The company has a debt-to-equity ratio of 3.13, a quick ratio of 1.34 and a current ratio of 1.34.

Banco Santander Brasil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Thursday, October 23rd were issued a $0.0983 dividend. This is an increase from Banco Santander Brasil’s previous quarterly dividend of $0.07. This represents a $0.39 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date was Thursday, October 23rd.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. increased its stake in Banco Santander Brasil by 11.9% during the first quarter. American Century Companies Inc. now owns 614,264 shares of the bank’s stock valued at $2,893,000 after acquiring an additional 65,333 shares during the period. Wellington Management Group LLP grew its holdings in shares of Banco Santander Brasil by 74.0% during the 1st quarter. Wellington Management Group LLP now owns 1,606,117 shares of the bank’s stock worth $7,565,000 after purchasing an additional 683,045 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Banco Santander Brasil by 5.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,526,757 shares of the bank’s stock valued at $13,771,000 after purchasing an additional 121,804 shares during the period. GAMMA Investing LLC raised its stake in shares of Banco Santander Brasil by 27.5% in the second quarter. GAMMA Investing LLC now owns 20,256 shares of the bank’s stock valued at $110,000 after purchasing an additional 4,372 shares in the last quarter. Finally, Vident Advisory LLC bought a new position in Banco Santander Brasil in the first quarter worth $50,000. Institutional investors and hedge funds own 14.53% of the company’s stock.

About Banco Santander Brasil

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.