Banco Santander Brasil (NYSE:BSBR) Reaches New 52-Week High – Here’s Why

Banco Santander Brasil SA (NYSE:BSBR) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $6.69 and last traded at $6.6450, with a volume of 231437 shares traded. The stock had previously closed at $6.57.

Analyst Ratings Changes

BSBR has been the topic of several recent research reports. Weiss Ratings downgraded Banco Santander Brasil from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, January 12th. Wall Street Zen upgraded Banco Santander Brasil from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Finally, 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. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $4.70.

Banco Santander Brasil Price Performance

The company has a debt-to-equity ratio of 3.13, a current ratio of 1.34 and a quick ratio of 1.34. The business has a fifty day moving average of $6.18 and a 200-day moving average of $5.58.

Banco Santander Brasil Announces Dividend

The firm also recently declared a special dividend, which will be paid on Wednesday, February 18th. Stockholders of record on Thursday, January 22nd will be paid a $0.1001 dividend. The ex-dividend date of this dividend is Thursday, January 22nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BSBR. Hantz Financial Services Inc. raised its position 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 during the period. Cubist Systematic Strategies LLC purchased a new stake in Banco Santander Brasil during the first quarter valued at about $46,000. Tuttle Capital Management LLC acquired a new position in shares of Banco Santander Brasil in the fourth quarter worth about $66,000. Public Employees Retirement System of Ohio increased its position in shares of Banco Santander Brasil by 48.9% in the second quarter. Public Employees Retirement System of Ohio now owns 11,617 shares of the bank’s stock worth $63,000 after acquiring an additional 3,813 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of Banco Santander Brasil in the fourth quarter worth approximately $76,000. 14.53% of the stock is currently owned by institutional investors.

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.