$0.22 EPS Expected for Banco Santander Brasil SA (BSBR) This Quarter

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Wall Street brokerages expect Banco Santander Brasil SA (NYSE:BSBR) to report earnings of $0.22 per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Banco Santander Brasil’s earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.25. Banco Santander Brasil posted earnings of $0.09 per share in the same quarter last year, which indicates a positive year over year growth rate of 144.4%. The company is scheduled to announce its next quarterly earnings report on Thursday, October 25th.

According to Zacks, analysts expect that Banco Santander Brasil will report full year earnings of $0.93 per share for the current financial year, with EPS estimates ranging from $0.87 to $0.99. For the next financial year, analysts forecast that the firm will report earnings of $0.91 per share, with EPS estimates ranging from $0.87 to $0.96. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Banco Santander Brasil.

Banco Santander Brasil (NYSE:BSBR) last issued its quarterly earnings results on Wednesday, July 25th. The bank reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The firm had revenue of $4.11 billion for the quarter. Banco Santander Brasil had a net margin of 12.16% and a return on equity of 11.68%.

BSBR has been the subject of several research reports. ValuEngine lowered Banco Santander Brasil from a “hold” rating to a “sell” rating in a research note on Wednesday, June 27th. Zacks Investment Research raised Banco Santander Brasil from a “sell” rating to a “hold” rating in a research note on Wednesday, August 1st. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $12.00.

Shares of BSBR traded up $0.03 during trading hours on Friday, hitting $10.80. 1,897,100 shares of the company were exchanged, compared to its average volume of 1,436,480. The firm has a market cap of $41.84 billion, a PE ratio of 14.79, a P/E/G ratio of 0.99 and a beta of 1.54. Banco Santander Brasil has a one year low of $7.20 and a one year high of $12.11.

The business also recently disclosed a special dividend, which will be paid on Friday, November 2nd. Stockholders of record on Thursday, October 11th will be paid a dividend of $0.04 per share. The ex-dividend date is Wednesday, October 10th. Banco Santander Brasil’s dividend payout ratio is presently 19.18%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NumerixS Investment Technologies Inc boosted its stake in shares of Banco Santander Brasil by 245.8% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 20,400 shares of the bank’s stock worth $152,000 after acquiring an additional 14,500 shares in the last quarter. Citadel Advisors LLC bought a new stake in shares of Banco Santander Brasil during the 2nd quarter worth $310,000. Sei Investments Co. lifted its holdings in shares of Banco Santander Brasil by 16.6% in the second quarter. Sei Investments Co. now owns 63,957 shares of the bank’s stock valued at $480,000 after purchasing an additional 9,102 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of Banco Santander Brasil in the second quarter valued at $625,000. Finally, Eqis Capital Management Inc. purchased a new stake in shares of Banco Santander Brasil in the second quarter valued at $682,000. 1.10% of the stock is owned by institutional investors and hedge funds.

About Banco Santander Brasil

Banco Santander (Brasil) SA provides banking products and services in Brazil and internationally. The company operates in two segments, Commercial Banking and Global Wholesale Banking. It offers savings and investment products, annuities, loans and advances, mortgage loans, credit cards, pension plans, and social securities, as well as leasing and foreign exchange services.

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