Banco Santander Brasil (NYSE:BSBR) Raised to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Banco Santander Brasil (NYSE:BSBR) from a hold rating to a buy rating in a report released on Saturday.

Separately, UBS Group raised Banco Santander Brasil from a “neutral” rating to a “buy” rating in a research report on Wednesday, June 11th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $5.35.

Banco Santander Brasil Trading Up 1.4%

Shares of BSBR opened at $5.45 on Friday. The stock’s 50-day moving average is $5.03 and its two-hundred day moving average is $5.01. The stock has a market cap of $20.31 billion, a PE ratio of 6.72, a P/E/G ratio of 0.66 and a beta of 0.80. Banco Santander Brasil has a 12 month low of $3.75 and a 12 month high of $5.67. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.37 and a quick ratio of 1.37.

Banco Santander Brasil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Monday, July 21st were given a dividend of $0.0655 per share. The ex-dividend date of this dividend was Monday, July 21st. This is a positive change from Banco Santander Brasil’s previous quarterly dividend of $0.05. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.8%. Banco Santander Brasil’s dividend payout ratio is presently 33.33%.

Institutional Trading of Banco Santander Brasil

Several hedge funds and other institutional investors have recently bought and sold shares of BSBR. Dimensional Fund Advisors LP increased its holdings in Banco Santander Brasil by 99.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 52,212 shares of the bank’s stock valued at $204,000 after buying an additional 25,985 shares during the last quarter. Jane Street Group LLC bought a new stake in Banco Santander Brasil in the fourth quarter valued at about $109,000. BNP Paribas Financial Markets increased its holdings in Banco Santander Brasil by 67.3% in the fourth quarter. BNP Paribas Financial Markets now owns 71,216 shares of the bank’s stock valued at $278,000 after buying an additional 28,658 shares during the last quarter. Bank of America Corp DE increased its holdings in Banco Santander Brasil by 92.3% in the fourth quarter. Bank of America Corp DE now owns 256,119 shares of the bank’s stock valued at $1,001,000 after buying an additional 122,924 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Banco Santander Brasil by 793.8% in the first quarter. GAMMA Investing LLC now owns 74,814 shares of the bank’s stock valued at $352,000 after buying an additional 66,444 shares during the last quarter. 14.53% of the stock is owned by institutional investors.

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.