Banco Santander (Brasil) S.A. (BSBR) to Issue — Dividend of $0.09 on March 13th

Banco Santander (Brasil) S.A. (NYSE:BSBR – Get Rating) declared a — dividend on Friday, January 20th, Wall Street Journal reports. Stockholders of record on Monday, January 30th will be given a dividend of 0.0881 per share by the bank on Monday, March 13th. This represents a dividend yield of 7.4%. The ex-dividend date is Friday, January 27th. This is an increase from Banco Santander (Brasil)’s previous — dividend of $0.04.

Banco Santander (Brasil) has a dividend payout ratio of 17.8% indicating that its dividend is sufficiently covered by earnings. Equities 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 $0.16 annual dividend with an expected future payout ratio of 22.5%.

Banco Santander (Brasil) Price Performance

Banco Santander (Brasil) stock opened at $5.53 on Wednesday. The firm has a market capitalization of $20.65 billion, a P/E ratio of 13.83, a PEG ratio of 2.99 and a beta of 0.84. Banco Santander has a 1 year low of $4.80 and a 1 year high of $7.97. The business has a 50-day moving average of $5.34 and a 200-day moving average of $5.56. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.18.

Analyst Ratings Changes

BSBR has been the subject of several research analyst reports. Bank of America lowered Banco Santander (Brasil) from a “neutral” rating to an “underperform” rating in a research report on Tuesday, November 1st. StockNews.com initiated coverage on Banco Santander (Brasil) in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. The Goldman Sachs Group lowered Banco Santander (Brasil) from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $6.70 to $5.00 in a research report on Friday, October 28th. TheStreet lowered Banco Santander (Brasil) from a “b-” rating to a “c+” rating in a research report on Thursday, December 15th. Finally, Barclays lowered Banco Santander (Brasil) from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $6.00 to $5.00 in a research report on Tuesday, November 15th. Three equities research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $5.00.

Hedge Funds Weigh In On Banco Santander (Brasil)

A number of large investors have recently bought and sold shares of the company. Invesco Ltd. boosted its position in Banco Santander (Brasil) by 2,783.2% during the 1st quarter. Invesco Ltd. now owns 5,313,671 shares of the bank’s stock worth $40,915,000 after acquiring an additional 5,129,375 shares during the last quarter. Macquarie Group Ltd. raised its stake in shares of Banco Santander (Brasil) by 0.4% during the 2nd quarter. Macquarie Group Ltd. now owns 3,983,489 shares of the bank’s stock worth $21,869,000 after purchasing an additional 17,812 shares in the last quarter. BlackRock Inc. raised its stake in shares of Banco Santander (Brasil) by 10.0% during the 1st quarter. BlackRock Inc. now owns 2,170,278 shares of the bank’s stock worth $16,712,000 after purchasing an additional 198,058 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Banco Santander (Brasil) by 18.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,123,559 shares of the bank’s stock worth $8,651,000 after purchasing an additional 178,833 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Banco Santander (Brasil) by 384.4% during the 2nd quarter. Jane Street Group LLC now owns 531,243 shares of the bank’s stock worth $2,917,000 after purchasing an additional 421,575 shares in the last quarter. Institutional investors and hedge funds own 14.53% of the company’s stock.

Banco Santander (Brasil) Company Profile

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Banco Santander (Brasil) SA engages in the provision of banking and financial services. It operates through the following segments: Commercial Bank and Global Wholesale Banking. The Commercial Bank segment focuses on loans, cards, mortgages, consumer financing, payroll, agribusiness, micro credit, and corporate and private banking.