$0.22 Earnings Per Share Expected for Banco Santander Brasil SA (BSBR) This Quarter

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Wall Street analysts expect Banco Santander Brasil SA (NYSE:BSBR) to announce earnings of $0.22 per share for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Banco Santander Brasil’s earnings, with the highest EPS estimate coming in at $0.25 and the lowest estimate coming in at $0.20. Banco Santander Brasil posted earnings per share of $0.09 in the same quarter last year, which would indicate a positive year-over-year growth rate of 144.4%. The company is scheduled to issue its next earnings report on Thursday, November 15th.

On average, analysts expect that Banco Santander Brasil will report full-year earnings of $0.90 per share for the current financial year, with EPS estimates ranging from $0.85 to $0.99. For the next fiscal year, analysts anticipate that the company will post earnings of $0.91 per share, with EPS estimates ranging from $0.87 to $0.96. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Banco Santander Brasil.

A number of equities research analysts have weighed in on the stock. Morgan Stanley upgraded shares of Banco Santander Brasil from an “underweight” rating to an “equal weight” rating in a research note on Friday. Zacks Investment Research upgraded shares of Banco Santander Brasil from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 17th. Finally, ValuEngine upgraded shares of Banco Santander Brasil from a “hold” rating to a “buy” rating in a research note on Monday, October 8th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Banco Santander Brasil has an average rating of “Hold” and a consensus price target of $12.00.

Several large investors have recently modified their holdings of BSBR. NumerixS Investment Technologies Inc boosted its stake in shares of Banco Santander Brasil by 245.8% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 20,400 shares of the bank’s stock valued at $152,000 after purchasing an additional 14,500 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Banco Santander Brasil in the 3rd quarter valued at $272,000. Citadel Advisors LLC acquired a new stake in shares of Banco Santander Brasil in the 2nd quarter valued at $310,000. O Shaughnessy Asset Management LLC boosted its stake in shares of Banco Santander Brasil by 23.2% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 50,725 shares of the bank’s stock valued at $447,000 after purchasing an additional 9,551 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Banco Santander Brasil by 16.6% in the 2nd 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. Institutional investors own 1.10% of the company’s stock.

BSBR traded down $0.25 during trading on Tuesday, reaching $10.92. 870,232 shares of the company’s stock were exchanged, compared to its average volume of 1,444,089. Banco Santander Brasil has a fifty-two week low of $7.20 and a fifty-two week high of $12.25. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.22 and a quick ratio of 0.22. The company has a market capitalization of $42.07 billion, a P/E ratio of 14.96, a P/E/G ratio of 1.02 and a beta of 0.96.

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

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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