Banco Santander (Brasil) (NYSE:BSBR) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

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 changing hands.

Analyst Upgrades and Downgrades

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

Banco Santander (Brasil) Stock Up 0.1 %

The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.25. The firm’s fifty day moving average is $4.53 and its 200 day moving average is $4.62. The stock has a market cap of $17.88 billion, a P/E ratio of 5.93, a P/E/G ratio of 0.73 and a beta of 1.01.

Banco Santander (Brasil) Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Friday, January 24th were given a $0.066 dividend. The ex-dividend date was Friday, January 24th. This represents a $0.26 annualized dividend and a yield of 5.49%. Banco Santander (Brasil)’s dividend payout ratio is 24.69%.

Institutional Investors Weigh In On Banco Santander (Brasil)

Several hedge funds have recently made changes to their positions in BSBR. Connor Clark & Lunn Investment Management Ltd. raised its holdings 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 valued at $99,000 after acquiring an additional 7,608 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Banco Santander (Brasil) during the 3rd quarter worth about $103,000. BNP Paribas Financial Markets boosted its position in shares of Banco Santander (Brasil) by 186.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 42,558 shares of the bank’s stock valued at $224,000 after acquiring an additional 27,675 shares in the last quarter. Walleye Capital LLC bought a new stake in Banco Santander (Brasil) in the third quarter valued at about $85,000. Finally, Verition Fund Management LLC acquired a new position in shares of Banco Santander (Brasil) in the 3rd quarter worth approximately $101,000. 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.