Banco Santander Brasil (NYSE:BSBR) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Banco Santander Brasil SA (NYSE:BSBR)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.01 and traded as high as $6.31. Banco Santander Brasil shares last traded at $6.2060, with a volume of 1,417,917 shares traded.

Wall Street Analyst Weigh In

Several research firms recently commented on BSBR. Weiss Ratings lowered Banco Santander Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 6th. Wall Street Zen cut shares of Banco Santander Brasil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Banco Santander Brasil Stock Down 5.8%

The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 3.15. The company has a 50 day moving average price of $6.54 and a 200-day moving average price of $6.01.

Banco Santander Brasil Dividend Announcement

The business also recently declared a special dividend, which was paid on Wednesday, February 18th. Shareholders of record on Thursday, January 22nd were issued a $0.1001 dividend. The ex-dividend date of this dividend was Thursday, January 22nd.

Hedge Funds Weigh In On Banco Santander Brasil

A number of institutional investors have recently bought and sold shares of BSBR. Royal Bank of Canada boosted its holdings in shares of Banco Santander Brasil by 288.1% in the fourth quarter. Royal Bank of Canada now owns 5,038 shares of the bank’s stock worth $31,000 after buying an additional 3,740 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Banco Santander Brasil during the fourth quarter valued at approximately $36,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Banco Santander Brasil in the 1st quarter valued at approximately $46,000. Tuttle Capital Management LLC acquired a new position in Banco Santander Brasil in the 4th quarter worth approximately $66,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in Banco Santander Brasil during the 4th quarter worth approximately $76,000. Hedge funds and other institutional investors own 14.53% of the company’s stock.

About Banco Santander Brasil

Banco Santander Brasil SA is the Brazilian unit of Spain-based Grupo Santander and one of the country’s major commercial banks. Headquartered in São Paulo, the bank serves a broad client base across Brazil through an integrated network of branches, ATMs and digital channels. Its shares are represented abroad via American Depositary Shares listed on the New York Stock Exchange under the ticker BSBR.

The bank offers a full range of financial products and services for retail, small and medium-sized enterprises, and corporate clients.