Brokerages Anticipate Santander Brasil (BSBR) to Post $0.19 Earnings Per Share

Equities analysts expect Santander Brasil (NYSE:BSBR) to post earnings per share of $0.19 for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Santander Brasil’s earnings, with estimates ranging from $0.15 to $0.22. Santander Brasil posted earnings of $0.16 per share during the same quarter last year, which would suggest a positive year over year growth rate of 18.8%. The company is scheduled to report 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 year, with EPS estimates ranging from $0.69 to $1.04. For the next financial year, analysts expect that the company will post earnings of $0.98 per share, with EPS estimates ranging from $0.76 to $1.13. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow Santander Brasil.

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A number of brokerages have weighed in on BSBR. Zacks Investment Research lowered Santander Brasil from a “buy” rating to a “hold” rating in a research report on Wednesday, March 21st. ValuEngine raised shares of Santander Brasil from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Finally, Citigroup lowered shares of Santander Brasil from a “neutral” rating to a “sell” rating in a research report on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Santander Brasil has a consensus rating of “Hold” and a consensus price target of $14.75.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BSBR. Jane Street Group LLC purchased a new stake in shares of Santander Brasil during the 4th quarter valued at about $130,000. Advisory Services Network LLC increased its position in shares of Santander Brasil by 6,501.6% during the 4th quarter. Advisory Services Network LLC now owns 49,182 shares of the bank’s stock valued at $476,000 after purchasing an additional 48,437 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Santander Brasil during the 4th quarter valued at about $499,000. OxFORD Asset Management LLP increased its position in shares of Santander Brasil by 26.0% during the 3rd quarter. OxFORD Asset Management LLP now owns 59,095 shares of the bank’s stock valued at $514,000 after purchasing an additional 12,184 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in shares of Santander Brasil by 19.1% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 82,680 shares of the bank’s stock valued at $722,000 after purchasing an additional 13,280 shares during the last quarter. 1.60% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:BSBR opened at $11.32 on Friday. Santander Brasil has a fifty-two week low of $6.86 and a fifty-two week high of $12.11. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $42,441.69, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 1.14 and a beta of 1.52.

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

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Santander Brasil Company Profile

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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