Banco Santander (Brasil) (NYSE:BSBR) Shares Down 3.8%

Banco Santander (Brasil) S.A. (NYSE:BSBR – Get Rating) shares fell 3.8% during mid-day trading on Wednesday . The stock traded as low as $6.85 and last traded at $6.86. 13,400 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 1,600,967 shares. The stock had previously closed at $7.13.

BSBR has been the subject of a number of recent research reports. TheStreet raised Banco Santander (Brasil) from a “c+” rating to a “b-” rating in a research report on Friday, March 25th. StockNews.com began coverage on Banco Santander (Brasil) in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Zacks Investment Research cut Banco Santander (Brasil) from a “buy” rating to a “hold” rating in a research note on Friday, May 13th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Banco Santander (Brasil) has a consensus rating of “Hold” and an average target price of $6.92.

The company has a market capitalization of $25.79 billion, a price-to-earnings ratio of 17.83, a price-to-earnings-growth ratio of 1.08 and a beta of 0.96. The firm has a fifty day moving average price of $7.08 and a 200-day moving average price of $6.33.

Banco Santander (Brasil) (NYSE:BSBR – Get Rating) last released its quarterly earnings data on Thursday, February 24th. The bank reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $3.31 billion. Banco Santander (Brasil) had a net margin of 12.01% and a return on equity of 12.41%. Sell-side analysts forecast that Banco Santander will post 0.88 earnings per share for the current fiscal year.

The company also recently announced a Variable dividend, which was paid on Monday, May 23rd. Shareholders of record on Monday, April 25th were given a $0.0352 dividend. The ex-dividend date was Friday, April 22nd. This represents a yield of 5.55%. Banco Santander (Brasil)’s dividend payout ratio is presently 92.50%.

Several institutional investors and hedge funds have recently modified their holdings of BSBR. AXA S.A. acquired a new stake in Banco Santander (Brasil) in the third quarter valued at approximately $32,000. Quadrant Capital Group LLC grew its stake in Banco Santander (Brasil) by 42.1% in the fourth quarter. Quadrant Capital Group LLC now owns 6,286 shares of the bank’s stock valued at $34,000 after acquiring an additional 1,861 shares during the period. Wells Fargo & Company MN boosted its position in shares of Banco Santander (Brasil) by 400.6% during the second quarter. Wells Fargo & Company MN now owns 4,435 shares of the bank’s stock valued at $36,000 after buying an additional 3,549 shares during the last quarter. Samalin Investment Counsel LLC boosted its position in shares of Banco Santander (Brasil) by 2,346.6% during the fourth quarter. Samalin Investment Counsel LLC now owns 8,563 shares of the bank’s stock valued at $46,000 after buying an additional 8,213 shares during the last quarter. Finally, Two Sigma Securities LLC purchased a new position in shares of Banco Santander (Brasil) during the third quarter valued at approximately $66,000.

Banco Santander (Brasil) Company Profile (NYSE:BSBR)

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 in two segments, Commercial Banking and Global Wholesale Banking. It offers deposits and other bank funding instruments; debit and credit cards; digital prepaid solutions; payment platform; loyalty programs; employee benefit vouchers; payroll loans; digital lending and online debt renegotiation services; mortgages; home equity financing products; consumer credit; and local loans, commercial and trade finance, guarantees, structured loans, and cash management and funding solutions, as well as on-lending transfer services.

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