Banco Santander (Brasil) (NYSE:BSBR) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of Banco Santander (Brasil) S.A. (NYSE:BSBR) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.62 and traded as high as $4.83. Banco Santander (Brasil) shares last traded at $4.80, with a volume of 486,652 shares.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BSBR. The Goldman Sachs Group raised Banco Santander (Brasil) from a “sell” rating to a “neutral” rating and increased their price target for the company from $4.20 to $4.70 in a report on Wednesday, February 12th. StockNews.com downgraded shares of Banco Santander (Brasil) from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Bank of America lowered Banco Santander (Brasil) from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 10th.

Banco Santander (Brasil) Price Performance

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market cap of $17.87 billion, a P/E ratio of 5.93, a P/E/G ratio of 0.73 and a beta of 1.01. The firm’s fifty day moving average is $4.52 and its two-hundred day moving average is $4.62.

Banco Santander (Brasil) Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Friday, January 24th were paid a $0.066 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date was Friday, January 24th. Banco Santander (Brasil)’s dividend payout ratio (DPR) is 24.69%.

Institutional Trading of Banco Santander (Brasil)

Several institutional investors and hedge funds have recently added to or reduced their stakes in BSBR. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Banco Santander (Brasil) by 68.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,741 shares of the bank’s stock worth $99,000 after purchasing an additional 7,608 shares during the period. Barclays PLC lifted its holdings in shares of Banco Santander (Brasil) by 221.4% in the third quarter. Barclays PLC now owns 12,428 shares of the bank’s stock worth $65,000 after buying an additional 8,561 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Banco Santander (Brasil) during the fourth quarter worth $37,000. EntryPoint Capital LLC purchased a new position in Banco Santander (Brasil) during the fourth quarter valued at $47,000. Finally, Walleye Capital LLC bought a new stake in Banco Santander (Brasil) in the 3rd quarter valued at $85,000. Institutional investors own 14.53% of the company’s stock.

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.