On October 13, 2023, Banco Santander (Brasil) S.A. (NYSE:BSBR) announced its quarterly dividend, as reported by the Wall Street Journal. The bank will provide a dividend of $0.0202 per share to stockholders of record on October 23rd, with payment scheduled for November 20th. This amounts to an annualized dividend of $0.08 and yields returns of 1.52%. Investors should take note that the ex-dividend date for this particular dividend is Friday, October 20th.
Insights into hedge funds’ positioning regarding BSBR have also been revealed recently. Mirae Asset Global Investments Co. Ltd., for instance, saw a 4.3% increase in its stake in Banco Santander (Brasil), resulting in ownership of 36,330 shares valued at $280,000. Similarly, PNC Financial Services Group Inc. grew its ownership by 11.9% during the second quarter and currently possesses 26,515 shares valued at $169,000.
Notably, State Street Corp witnessed a slight increase in its holdings by 1.1%, acquiring an additional 3,680 shares and bringing their total to 352,395 shares worth $1,871,000 during the first quarter. Atlas Capital Advisors LLC also entered the scene during the second quarter with a new position worth $26,000.
Lastly, Northern Trust Corp’s investment in Banco Santander (Brasil) grew by12.8%, resulting in the acquisition of an additional 4,851 shares for a total holding of 42,665 shares worth $271,000.
When analyzing the financial performance of Banco Santander (Brasil), it is important to note that its stock traded down by $0.16 during midday trading on Thursday and reached $5.31 per share. Furthermore, a total of 491,575 shares were traded, compared to the average volume of 931,171. The company also has a 50-day simple moving average of $5.38 and a two-hundred day simple moving average of $5.71.
Banco Santander (Brasil) operates as a provider of various banking products and services in Brazil and internationally. Its offerings cater to individuals, small and medium enterprises, as well as corporate customers. The bank functions through its Commercial Banking and Global Wholesale Banking segments.
Among its wide range of products and services are deposits, debit and credit cards, digital prepaid solutions, mortgages, consumer credit options, local loans for commercial purposes, guarantees, structured loans, cash management and funding solutions.
The company also provides innovative features such as digital lending platforms, online debt renegotiation platforms, payment platforms, loyalty programs, employee benefit vouchers, payroll loans, and on-lending transfer services.
Overall the financial outlook for Banco Santander (Brasil) remains positive with several hedge funds adjusting their positions in recent times. Investors will eagerly await further updates from the bank about its future endeavors in order to make informed decisions regarding their investments.
Banco Santander (Brasil) S.A.
BSBR
Strong Buy
Updated on: 28/11/2023
Financial Health
Very Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
Analyzing Analyst Assessments on Banco Santander (Brasil) (BSBR) Shares
As of October 13, 2023, various equities research analysts have provided their assessments on Banco Santander (Brasil) (BSBR) shares. Among these reports, Barclays raised their target price for the stock from $5.00 to $5.50 and assigned it an “underweight” rating. This information was shared in a research report released on Thursday, July 27th. Additionally, StockNews.com initiated coverage on Banco Santander (Brasil) on Thursday, October 5th, giving the stock a “hold” rating.
The consensus opinion on BSBR appears to be divided, with three investment analysts suggesting a sell rating and one opting for a hold rating. Bloomberg states that there is currently a consensus rating of “Reduce” for the company, with a consensus target price of $5.25.
It is important for investors and potential shareholders to carefully consider these assessments from reputable sources before making any decisions regarding BSBR stock. The analysis provided by equities research analysts can serve as valuable guidance in understanding market trends and predicting potential outcomes.
In conclusion, Banco Santander (Brasil) continues to attract attention from analysts who have varying perspectives on its performance. These assessments are crucial tools that can aid investors in making informed decisions based on expert evaluations of the company’s stock and overall market conditions.
Please note: The referenced date for this information is October 13, 2023.
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