Zacks: Brokerages Expect Banco Santander Brasil SA (NYSE:BSBR) Will Post Earnings of $0.18 Per Share

Wall Street analysts expect Banco Santander Brasil SA (NYSE:BSBR) to report earnings per share (EPS) of $0.18 for the current quarter, Zacks reports. Zero analysts have issued estimates for Banco Santander Brasil’s earnings. The lowest EPS estimate is $0.17 and the highest is $0.19. Banco Santander Brasil posted earnings per share of $0.23 during the same quarter last year, which indicates a negative year-over-year growth rate of 21.7%. The business is scheduled to issue its next earnings results on Tuesday, July 28th.

According to Zacks, analysts expect that Banco Santander Brasil will report full-year earnings of $0.62 per share for the current fiscal year, with EPS estimates ranging from $0.52 to $0.74. For the next financial year, analysts forecast that the company will post earnings of $0.67 per share, with EPS estimates ranging from $0.55 to $0.81. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Banco Santander Brasil.

Banco Santander Brasil (NYSE:BSBR) last issued its quarterly earnings results on Tuesday, April 28th. The bank reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.07). The company had revenue of $3.71 billion during the quarter. Banco Santander Brasil had a return on equity of 16.93% and a net margin of 17.70%.

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. lowered their target price on Banco Santander Brasil from $11.00 to $7.50 and set a “neutral” rating on the stock in a research note on Friday, March 27th. Goldman Sachs Group cut Banco Santander Brasil from a “neutral” rating to a “sell” rating in a research note on Monday, June 15th. Citigroup cut Banco Santander Brasil from a “buy” rating to a “neutral” rating in a research note on Friday, May 29th. ValuEngine raised Banco Santander Brasil from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 3rd. Finally, Zacks Investment Research lowered Banco Santander Brasil from a “buy” rating to a “hold” rating in a report on Thursday, June 11th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $7.38.

BSBR traded down $0.11 during trading on Tuesday, reaching $5.25. The company had a trading volume of 23,226 shares, compared to its average volume of 1,851,752. The firm’s 50-day simple moving average is $5.16 and its 200 day simple moving average is $7.49. The company has a market cap of $19.61 billion, a price-to-earnings ratio of 5.47, a PEG ratio of 3.87 and a beta of 0.99. Banco Santander Brasil has a 12-month low of $3.69 and a 12-month high of $12.85. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.21 and a current ratio of 0.21.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, May 11th will be issued a $0.0446 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a $0.18 annualized dividend and a yield of 3.39%. Banco Santander Brasil’s dividend payout ratio is presently 14.29%.

Several institutional investors and hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. grew its holdings in Banco Santander Brasil by 26.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,016 shares of the bank’s stock valued at $84,000 after purchasing an additional 1,472 shares during the period. Bank of Montreal Can grew its position in shares of Banco Santander Brasil by 20.4% during the 4th quarter. Bank of Montreal Can now owns 218,872 shares of the bank’s stock valued at $2,655,000 after acquiring an additional 37,128 shares during the period. Great West Life Assurance Co. Can bought a new stake in shares of Banco Santander Brasil during the 4th quarter valued at $944,000. Panagora Asset Management Inc. lifted its stake in shares of Banco Santander Brasil by 54.0% during the 4th quarter. Panagora Asset Management Inc. now owns 291,632 shares of the bank’s stock valued at $3,537,000 after buying an additional 102,208 shares in the last quarter. Finally, UBS Group AG lifted its stake in Banco Santander Brasil by 244.3% in the 4th quarter. UBS Group AG now owns 68,125 shares of the bank’s stock worth $826,000 after purchasing an additional 48,341 shares in the last quarter. Institutional investors own 0.64% of the company’s stock.

Banco Santander Brasil Company Profile

Banco Santander (Brasil) SA provides commercial banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally. It operates through two segments, Commercial Banking and Global Wholesale Banking. The company offers checking and savings accounts; priority services, such as withdrawals, debit cards, deposits, and transfers; onshore and offshore financial products and services, investment advice, and asset management services; consumer credit for purchasing motor vehicles, and other goods and services; local loans, commercial finance, trade finance, guarantees, structured loans, and cash management and funding solutions, as well as Banco Nacional de Desenvolvimento Econ├┤mico e Social on-lending transfer services; payroll, mortgage, and agribusiness loans, as well as microcredit; investment products; and credit cards and foreign exchange services.

Further Reading: Diluted Earnings Per Share

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