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Banco Santander (Brasil) (NYSE:BSBR) Shares Gap Down to $5.90

Defense World · Sep 28, 2022 04:41

Banco Santander (Brasil) S.A. (NYSE:BSBR – Get Rating) gapped down prior to trading on Monday . The stock had previously closed at $5.90, but opened at $5.70. Banco Santander (Brasil) shares last traded at $5.72, with a volume of 33,298 shares traded.

Analyst Upgrades and Downgrades

BSBR has been the subject of several analyst reports. TheStreet downgraded shares of Banco Santander (Brasil) from a "b-" rating to a "c+" rating in a research note on Tuesday, July 12th. Barclays decreased 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 research note on Wednesday, July 27th. Four research analysts have rated the stock with a hold rating, According to MarketBeat.com, Banco Santander (Brasil) has a consensus rating of "Hold" and a consensus price target of $6.00.

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Banco Santander (Brasil) Stock Down 0.2 %

The company's 50 day moving average price is $5.71 and its two-hundred day moving average price is $6.26. The company has a quick ratio of 5.94, a current ratio of 0.12 and a debt-to-equity ratio of 0.18. The stock has a market cap of $21.02 billion, a P/E ratio of 14.08, a P/E/G ratio of 1.36 and a beta of 0.97.

Banco Santander (Brasil) Increases Dividend

The firm also recently disclosed a — dividend, which was paid on Tuesday, September 13th. Investors of record on Tuesday, August 16th were issued a dividend of $0.0365 per share. This represents a yield of 6.9%. This is a positive change from Banco Santander (Brasil)'s previous — dividend of $0.03. The ex-dividend date was Monday, August 15th. Banco Santander (Brasil)'s dividend payout ratio (DPR) is presently 72.50%.

Hedge Funds Weigh In On Banco Santander (Brasil)

Several institutional investors have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. increased its holdings in Banco Santander (Brasil) by 4.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,330 shares of the bank's stock valued at $280,000 after buying an additional 1,486 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in Banco Santander (Brasil) by 7.2% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 32,646 shares of the bank's stock valued at $251,000 after buying an additional 2,197 shares during the period. Wetherby Asset Management Inc. increased its holdings in Banco Santander (Brasil) by 9.3% during the fourth quarter. Wetherby Asset Management Inc. now owns 29,797 shares of the bank's stock valued at $160,000 after buying an additional 2,539 shares during the period. Signaturefd LLC increased its holdings in Banco Santander (Brasil) by 19.7% during the first quarter. Signaturefd LLC now owns 17,494 shares of the bank's stock valued at $135,000 after buying an additional 2,883 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in Banco Santander (Brasil) by 19.5% in the first quarter. PNC Financial Services Group Inc. now owns 18,573 shares of the bank's stock worth $144,000 after purchasing an additional 3,037 shares during the last quarter. 14.52% of the stock is owned by hedge funds and other institutional investors.

About Banco Santander (Brasil)

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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.