Brokerages forecast that Banco Santander Brasil SA (NYSE:BSBR) will report earnings of $0.22 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Banco Santander Brasil’s earnings. The highest EPS estimate is $0.25 and the lowest is $0.20. Banco Santander Brasil posted earnings per share of $0.12 in the same quarter last year, which suggests a positive year over year growth rate of 83.3%. The business is expected to announce its next earnings results after the market closes on Tuesday, January 30th.
According to Zacks, analysts expect that Banco Santander Brasil will report full year earnings of $0.66 per share for the current financial year. For the next year, analysts anticipate that the firm will post earnings of $0.89 per share, with EPS estimates ranging from $0.69 to $1.04. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Banco Santander Brasil.
A number of equities analysts have weighed in on BSBR shares. ValuEngine raised Banco Santander Brasil from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Zacks Investment Research raised shares of Banco Santander Brasil from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Friday, February 2nd. Finally, Citigroup lowered shares of Banco Santander Brasil from a “neutral” rating to a “sell” rating in a research report on Thursday, March 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $15.00.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Macquarie Group Ltd. boosted its position in shares of Banco Santander Brasil by 2.3% during the 4th quarter. Macquarie Group Ltd. now owns 5,121,200 shares of the bank’s stock valued at $49,520,000 after acquiring an additional 112,700 shares during the last quarter. Jane Street Group LLC purchased a new stake in Banco Santander Brasil during the 4th quarter valued at $130,000. Guggenheim Capital LLC raised its holdings in Banco Santander Brasil by 58.9% during the 4th quarter. Guggenheim Capital LLC now owns 180,214 shares of the bank’s stock valued at $1,743,000 after buying an additional 66,826 shares during the period. Allianz Asset Management GmbH raised its holdings in Banco Santander Brasil by 14.2% during the 4th quarter. Allianz Asset Management GmbH now owns 374,901 shares of the bank’s stock valued at $3,625,000 after buying an additional 46,538 shares during the period. Finally, Mackenzie Financial Corp purchased a new stake in Banco Santander Brasil during the 4th quarter valued at $770,000. Hedge funds and other institutional investors own 1.66% of the company’s stock.
Shares of Banco Santander Brasil (BSBR) traded down $0.07 during trading on Friday, reaching $11.25. 1,238,416 shares of the company were exchanged, compared to its average volume of 1,307,181. Banco Santander Brasil has a 52 week low of $6.86 and a 52 week high of $11.93. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.10. The company has a market cap of $41,980.00, a PE ratio of 15.41, a price-to-earnings-growth ratio of 1.13 and a beta of 1.58.
The firm also recently declared a special dividend, which was paid on Monday, March 5th. Shareholders of record on Tuesday, January 9th were paid a $0.1856 dividend. This is an increase from Banco Santander Brasil’s previous special dividend of $0.04. The ex-dividend date of this dividend was Monday, January 8th. Banco Santander Brasil’s dividend payout ratio is presently 15.07%.
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About Banco Santander Brasil
Banco Santander (Brasil) SA (the Bank) is indirectly controlled by Banco Santander, SA, and is an institution of the Financial and Prudential Group. The Bank operates through two segments, Commercial Banking and Global Wholesale Banking. The Company conducts its operations by means of portfolios such as commercial, investment, lending and financing, mortgage lending, leasing, credit card operations and foreign exchange.
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