Banco Santander Brasil (BSBR) Trading Down 1.1%

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Banco Santander Brasil SA (NYSE:BSBR) dropped 1.1% on Thursday . The company traded as low as $11.10 and last traded at $11.21. Approximately 193,597 shares were traded during trading, a decline of 87% from the average daily volume of 1,517,115 shares. The stock had previously closed at $11.33.

BSBR has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Banco Santander Brasil from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 17th. ValuEngine upgraded Banco Santander Brasil from a “hold” rating to a “buy” rating in a research note on Monday, October 8th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Banco Santander Brasil has an average rating of “Hold” and a consensus price target of $12.00.

The company has a market cap of $45.22 billion, a price-to-earnings ratio of 15.33, a P/E/G ratio of 1.10 and a beta of 1.54.

The firm also recently disclosed a special dividend, which will be paid on Friday, November 2nd. Shareholders 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 (DPR) is presently 19.18%.

A number of hedge funds and other institutional investors have recently modified their holdings of BSBR. Wells Fargo & Company MN grew its position in shares of Banco Santander Brasil by 17.4% in the 1st quarter. Wells Fargo & Company MN now owns 193,385 shares of the bank’s stock worth $2,324,000 after acquiring an additional 28,675 shares in the last quarter. UBS Group AG grew its position in shares of Banco Santander Brasil by 81.7% in the 1st quarter. UBS Group AG now owns 115,133 shares of the bank’s stock worth $1,384,000 after acquiring an additional 51,761 shares in the last quarter. Guggenheim Capital LLC grew its position in shares of Banco Santander Brasil by 12.2% in the 1st quarter. Guggenheim Capital LLC now owns 202,257 shares of the bank’s stock worth $2,432,000 after acquiring an additional 22,043 shares in the last quarter. Allianz Asset Management GmbH grew its position in shares of Banco Santander Brasil by 16.6% in the 1st quarter. Allianz Asset Management GmbH now owns 437,029 shares of the bank’s stock worth $5,253,000 after acquiring an additional 62,128 shares in the last quarter. Finally, Eqis Capital Management Inc. acquired a new position in shares of Banco Santander Brasil in the 2nd quarter worth approximately $682,000. Hedge funds and other institutional investors own 1.10% of the company’s stock.

About Banco Santander Brasil (NYSE:BSBR)

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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