Banco Santander Brasil SA Plans Quarterly Dividend of $0.04 (NYSE:BSBR)

Banco Santander Brasil SA (NYSE:BSBR) announced a quarterly dividend on Thursday, July 30th, Wall Street Journal reports. Shareholders of record on Monday, August 10th will be given a dividend of 0.0401 per share by the bank on Monday, October 5th. This represents a $0.16 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Friday, August 7th.

BSBR stock opened at $5.72 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.21 and a quick ratio of 0.21. The stock has a market capitalization of $22.61 billion, a P/E ratio of 7.27, a P/E/G ratio of 4.80 and a beta of 1.03. Banco Santander Brasil has a fifty-two week low of $3.69 and a fifty-two week high of $12.68. The business has a 50-day moving average of $5.60 and a 200-day moving average of $6.52.

Banco Santander Brasil (NYSE:BSBR) last released its earnings results on Tuesday, April 28th. The bank reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.07). Banco Santander Brasil had a net margin of 17.83% and a return on equity of 15.84%. The firm had revenue of $3.71 billion during the quarter. Equities analysts expect that Banco Santander Brasil will post 0.57 EPS for the current year.

A number of analysts have recently issued reports on the stock. Goldman Sachs Group downgraded shares of Banco Santander Brasil from a “neutral” rating to a “sell” rating in a report on Monday, June 15th. Citigroup lowered shares of Banco Santander Brasil from a “buy” rating to a “neutral” rating in a research note on Friday, May 29th. Zacks Investment Research downgraded shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a research note on Thursday, June 11th. Finally, ValuEngine upgraded Banco Santander Brasil from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $7.38.

About Banco Santander Brasil

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 Econômico e Social on-lending transfer services; payroll, mortgage, and agribusiness loans, as well as microcredit; investment products; and credit cards and foreign exchange services.

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Dividend History for Banco Santander Brasil (NYSE:BSBR)

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