Samalin Investment Counsel LLC increased its holdings in Banco Santander (Brasil) S.A. (NYSE:BSBR – Get Rating) by 67.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,310 shares of the bank's stock after buying an additional 5,747 shares during the period. Samalin Investment Counsel LLC's holdings in Banco Santander (Brasil) were worth $110,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Aaron Wealth Advisors LLC bought a new position in Banco Santander (Brasil) in the 1st quarter worth approximately $1,331,000. Freestone Capital Holdings LLC bought a new position in Banco Santander (Brasil) in the 1st quarter worth approximately $89,000. Signaturefd LLC boosted its holdings in Banco Santander (Brasil) by 19.7% in the 1st quarter. Signaturefd LLC now owns 17,494 shares of the bank's stock worth $135,000 after buying an additional 2,883 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Banco Santander (Brasil) by 19.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 18,573 shares of the bank's stock worth $144,000 after buying an additional 3,037 shares during the period. Finally, FORA Capital LLC bought a new position in Banco Santander (Brasil) in the 1st quarter worth approximately $152,000. 14.52% of the stock is owned by institutional investors.
Get Banco Santander (Brasil) alerts:Banco Santander (Brasil) Stock Performance
Banco Santander (Brasil) stock opened at $5.88 on Monday. The firm's fifty day moving average price is $5.55 and its 200-day moving average price is $6.28. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.94 and a current ratio of 0.12. The stock has a market cap of $21.95 billion, a P/E ratio of 14.70, a price-to-earnings-growth ratio of 1.35 and a beta of 0.96. Banco Santander has a fifty-two week low of $4.86 and a fifty-two week high of $7.97.
Banco Santander (Brasil) Increases Dividend
The business also recently disclosed a — dividend, which will be paid on Tuesday, September 13th. Stockholders of record on Tuesday, August 16th will be given a dividend of $0.0365 per share. The ex-dividend date is Monday, August 15th. This represents a dividend yield of 6.9%. This is a boost from Banco Santander (Brasil)'s previous — dividend of $0.03. Banco Santander (Brasil)'s dividend payout ratio (DPR) is 75.00%.Analysts Set New Price Targets
Several research analysts have commented on BSBR shares. Barclays cut their price target on shares of Banco Santander (Brasil) from $7.00 to $6.00 and set an "equal weight" rating for the company in a report on Wednesday, July 27th. TheStreet downgraded shares of Banco Santander (Brasil) from a "b-" rating to a "c+" rating in a report on Tuesday, July 12th. Four analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $6.00.
Banco Santander (Brasil) Company Profile
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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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