Banco Santander Brasil (NYSE:BSBR) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Banco Santander Brasil SA (NYSE:BSBR)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.52 and traded as high as $6.44. Banco Santander Brasil shares last traded at $6.3550, with a volume of 436,786 shares trading hands.

Analysts Set New Price Targets

Several equities analysts recently weighed in on BSBR shares. Wall Street Zen upgraded shares of Banco Santander Brasil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. The Goldman Sachs Group cut shares of Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Banco Santander Brasil in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $4.70.

Banco Santander Brasil Trading Up 0.9%

The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 3.13. The company has a 50-day moving average price of $6.12 and a two-hundred day moving average price of $5.52.

Banco Santander Brasil Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Friday, January 9th will be paid a $0.0298 dividend. The ex-dividend date is Friday, January 9th. This represents a $0.12 annualized dividend and a yield of 1.9%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Vident Advisory LLC bought a new stake in Banco Santander Brasil during the first quarter valued at $50,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Banco Santander Brasil in the 1st quarter valued at about $46,000. GAMMA Investing LLC boosted its position in shares of Banco Santander Brasil by 27.5% during the 2nd quarter. GAMMA Investing LLC now owns 20,256 shares of the bank’s stock valued at $110,000 after acquiring an additional 4,372 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Banco Santander Brasil by 48.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,617 shares of the bank’s stock valued at $63,000 after acquiring an additional 3,813 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in shares of Banco Santander Brasil by 553.9% during the second quarter. Hantz Financial Services Inc. now owns 6,997 shares of the bank’s stock worth $38,000 after purchasing an additional 5,927 shares in the last quarter. Institutional investors 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.