Banco Santander Brasil SA (NYSE:BSBR) Stock Has Average Price Target of $6.10

Shares of Banco Santander Brasil SA (NYSE:BSBR) have earned a consensus rating of “Hold” from the five research firms that are presently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $6.10.

A number of research firms have recently weighed in on BSBR. UBS Group lowered shares of Banco Santander Brasil from a “buy” rating to a “neutral” rating in a research report on Monday, August 24th. Zacks Research raised shares of Banco Santander Brasil from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 20th. JPMorgan Chase & Co. lowered shares of Banco Santander Brasil from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $6.50 to $6.00 in a research report on Thursday, July 30th. Weiss Ratings cut shares of Banco Santander Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, October 26th. Finally, HSBC downgraded Banco Santander Brasil from a “buy” rating to a “hold” rating and cut their price target for the company from $7.20 to $6.20 in a report on Tuesday, September 15th.

Insiders Place Their Bets

In related news, VP Edmilson Saes sold 50,000 shares of the company’s stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $5.79, for a total value of $289,500.00. Following the completion of the transaction, the vice president directly owned 300,203 shares in the company, valued at approximately $1,738,175.37. This represents a 14.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Leonardo Mendes Cabral sold 20,000 shares of the company’s stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $5.68, for a total value of $113,600.00. Following the completion of the transaction, the insider owned 112,571 shares of the company’s stock, valued at $639,403.28. The trade was a 15.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 92,110 shares of company stock worth $530,381 in the last three months. Company insiders own 0.06% of the company’s stock.

Institutional Trading of Banco Santander Brasil

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. lifted its holdings in shares of Banco Santander Brasil by 63.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 56,965 shares of the bank’s stock worth $317,000 after acquiring an additional 22,205 shares during the period. R Squared Ltd grew its holdings in Banco Santander Brasil by 35.3% in the third quarter. R Squared Ltd now owns 34,452 shares of the bank’s stock valued at $192,000 after purchasing an additional 8,984 shares during the period. rebel Financial LLC purchased a new stake in Banco Santander Brasil in the third quarter valued at approximately $87,000. May Hill Capital LLC purchased a new stake in Banco Santander Brasil in the third quarter valued at approximately $73,000. Finally, Vise Technologies Inc. increased its position in Banco Santander Brasil by 15.0% during the third quarter. Vise Technologies Inc. now owns 19,351 shares of the bank’s stock worth $108,000 after purchasing an additional 2,521 shares during the last quarter. Hedge funds and other institutional investors own 14.53% of the company’s stock.

Banco Santander Brasil Trading Down 0.5%

Banco Santander Brasil stock opened at $4.92 on Friday. The stock has a 50-day moving average price of $5.48 and a 200 day moving average price of $5.75. Banco Santander Brasil has a 52 week low of $4.38 and a 52 week high of $7.32. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 3.34.

Banco Santander Brasil (NYSE:BSBR) last released its earnings results on Wednesday, October 28th. The bank reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.10). Banco Santander Brasil had a net margin of 7.49% and a return on equity of 11.06%. The firm had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.98 billion. On average, analysts expect that Banco Santander Brasil will post 0.71 earnings per share for the current fiscal year.

Banco Santander Brasil Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Thursday, October 22nd will be given a $0.0804 dividend. This is a decrease from Banco Santander Brasil’s previous quarterly dividend of $0.1045. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend is Thursday, October 22nd.

About Banco Santander Brasil

Banco Santander Brasil S.A. is a full-service bank serving individuals, small and midsize businesses, and large companies in Brazil. Its offerings include deposit accounts, consumer and business loans, credit and debit cards, payment services, insurance, investment products, and wealth management. The bank also provides corporate and investment banking services, including financing, cash management, and services for companies operating in domestic and international markets. It serves customers throughout Brazil through digital channels and a network of branches and other service locations.