Banco Santander Brasil SA (BSBR) To Go Ex-Dividend on January 22nd

Banco Santander Brasil SA (NYSE:BSBR) announced a special dividend on Monday, January 12th. Investors of record on Thursday, January 22nd will be paid a dividend of 0.1001 per share by the bank on Wednesday, February 18th. The ex-dividend date is Thursday, January 22nd.

Banco Santander Brasil has decreased its dividend by an average of 0.2%per year over the last three years. Banco Santander Brasil has a payout ratio of 31.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Banco Santander Brasil to earn $0.71 per share next year, which means the company should continue to be able to cover its $0.26 annual dividend with an expected future payout ratio of 36.6%.

Banco Santander Brasil Trading Down 0.9%

BSBR stock opened at $6.13 on Tuesday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 3.13. Banco Santander Brasil has a twelve month low of $4.14 and a twelve month high of $6.59. The firm’s fifty day simple moving average is $6.18 and its two-hundred day simple moving average is $5.57.

Wall Street Analyst Weigh In

Several equities analysts recently commented on BSBR shares. Wall Street Zen upgraded shares of Banco Santander Brasil from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. The Goldman Sachs Group lowered Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Finally, Weiss Ratings downgraded Banco Santander Brasil from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, January 12th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Banco Santander Brasil presently has a consensus rating of “Hold” and a consensus target price of $4.70.

Banco Santander Brasil Company Profile

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.