Banco Santander Brasil SA (NYSE:BSBR) Declares Dividend of $0.07

Banco Santander Brasil SA (NYSE:BSBR) declared a dividend on Wednesday, July 16th, investing.com reports. Investors of record on Tuesday, July 22nd will be paid a dividend of 0.0655 per share by the bank on Monday, August 18th. This represents a yield of 5.26%. The ex-dividend date of this dividend is Monday, July 21st. This is a 41.6% increase from Banco Santander Brasil’s previous dividend of $0.05.

Banco Santander Brasil has a dividend payout ratio of 32.5% meaning 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 $0.27 annual dividend with an expected future payout ratio of 38.0%.

Banco Santander Brasil Trading Up 2.5%

NYSE:BSBR opened at $5.13 on Friday. The company has a market capitalization of $19.08 billion, a PE ratio of 6.33, a P/E/G ratio of 0.63 and a beta of 0.76. The stock’s 50 day moving average price is $5.29 and its 200 day moving average price is $4.81. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 3.33. Banco Santander Brasil has a 52-week low of $3.75 and a 52-week high of $5.77.

Institutional Investors Weigh In On Banco Santander Brasil

An institutional investor recently bought a new position in Banco Santander Brasil stock. Cubist Systematic Strategies LLC acquired a new position in Banco Santander Brasil SA (NYSE:BSBR) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 9,685 shares of the bank’s stock, valued at approximately $46,000. 14.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BSBR. UBS Group raised Banco Santander Brasil from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 11th. Wall Street Zen upgraded shares of Banco Santander Brasil from a “hold” rating to a “buy” rating in a report on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $5.35.

Banco Santander Brasil Company Profile

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.