Santander Brasil (BSBR) Expected to Post Earnings of $0.19 Per Share

Wall Street analysts expect Santander Brasil (NYSE:BSBR) to announce earnings per share (EPS) of $0.19 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Santander Brasil’s earnings. The highest EPS estimate is $0.22 and the lowest is $0.15. Santander Brasil reported earnings per share of $0.16 during the same quarter last year, which indicates a positive year-over-year growth rate of 18.8%. The business is scheduled to issue its next quarterly earnings results on Wednesday, April 25th.

On average, analysts expect that Santander Brasil will report full-year earnings of $0.89 per share for the current fiscal year, with EPS estimates ranging from $0.69 to $1.04. For the next fiscal year, analysts anticipate that the company will post earnings of $0.98 per share, with EPS estimates ranging from $0.76 to $1.13. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Santander Brasil.

Several equities analysts have issued reports on BSBR shares. Zacks Investment Research raised Santander Brasil from a “sell” rating to a “hold” rating in a report on Monday, January 8th. Citigroup downgraded shares of Santander Brasil from a “neutral” rating to a “sell” rating in a research note on Thursday, March 1st. Finally, ValuEngine upgraded shares of Santander Brasil from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $14.75.



Several institutional investors and hedge funds have recently made changes to their positions in BSBR. Nationwide Fund Advisors acquired a new stake in shares of Santander Brasil during the third quarter worth about $1,839,000. JPMorgan Chase & Co. boosted its stake in shares of Santander Brasil by 192,151.0% during the third quarter. JPMorgan Chase & Co. now owns 2,526,178 shares of the bank’s stock worth $21,725,000 after buying an additional 2,524,864 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Santander Brasil by 36.5% during the third quarter. Dimensional Fund Advisors LP now owns 214,491 shares of the bank’s stock worth $1,875,000 after buying an additional 57,386 shares during the period. OxFORD Asset Management LLP boosted its stake in shares of Santander Brasil by 26.0% during the third quarter. OxFORD Asset Management LLP now owns 59,095 shares of the bank’s stock worth $514,000 after buying an additional 12,184 shares during the period. Finally, Allianz Asset Management GmbH boosted its stake in shares of Santander Brasil by 11.3% during the third quarter. Allianz Asset Management GmbH now owns 328,363 shares of the bank’s stock worth $2,870,000 after buying an additional 33,233 shares during the period. Institutional investors and hedge funds own 1.60% of the company’s stock.

Shares of BSBR stock traded down $0.33 during mid-day trading on Friday, hitting $11.24. 714,628 shares of the stock were exchanged, compared to its average volume of 1,348,631. The firm has a market cap of $43,004.08, a price-to-earnings ratio of 15.42, a PEG ratio of 1.15 and a beta of 1.53. Santander Brasil has a 12-month low of $6.86 and a 12-month high of $12.11. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.90 and a current ratio of 0.91.

The firm also recently announced a special dividend, which will be paid on Thursday, May 3rd. Stockholders of record on Thursday, April 12th will be paid a dividend of $0.0483 per share. The ex-dividend date is Wednesday, April 11th. This represents a dividend yield of 6.92%. Santander Brasil’s dividend payout ratio (DPR) is 21.92%.

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About 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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