Banco Santander (Brasil) (NYSE:BSBR) Stock Passes Above 200-Day Moving Average – Time to Sell?

Banco Santander (Brasil) S.A. (NYSE:BSBR) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.62 and traded as high as $4.83. Banco Santander (Brasil) shares last traded at $4.80, with a volume of 486,652 shares.

Analyst Upgrades and Downgrades

BSBR has been the subject of a number of research reports. Bank of America cut shares of Banco Santander (Brasil) from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 10th. StockNews.com lowered shares of Banco Santander (Brasil) from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, The Goldman Sachs Group raised Banco Santander (Brasil) from a “sell” rating to a “neutral” rating and raised their price objective for the company from $4.20 to $4.70 in a research note on Wednesday, February 12th.

Banco Santander (Brasil) Price Performance

The stock has a market cap of $17.87 billion, a PE ratio of 5.93, a P/E/G ratio of 0.73 and a beta of 1.01. The business has a fifty day simple moving average of $4.52 and a two-hundred day simple moving average of $4.62. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.25.

Banco Santander (Brasil) Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Friday, January 24th were given a dividend of $0.066 per share. This represents a $0.26 annualized dividend and a yield of 5.50%. The ex-dividend date of this dividend was Friday, January 24th. Banco Santander (Brasil)’s dividend payout ratio is currently 24.69%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. SBI Securities Co. Ltd. purchased a new stake in Banco Santander (Brasil) in the fourth quarter worth about $37,000. EntryPoint Capital LLC purchased a new stake in shares of Banco Santander (Brasil) in the 4th quarter worth approximately $47,000. Barclays PLC increased its position in Banco Santander (Brasil) by 221.4% during the 3rd quarter. Barclays PLC now owns 12,428 shares of the bank’s stock valued at $65,000 after buying an additional 8,561 shares in the last quarter. Walleye Capital LLC purchased a new position in Banco Santander (Brasil) during the third quarter valued at $85,000. Finally, R Squared Ltd bought a new stake in Banco Santander (Brasil) in the fourth quarter worth $70,000. 14.53% of the stock is currently owned by institutional investors.

Banco Santander (Brasil) Company Profile

Banco Santander (Brasil) SA, together with its subsidiaries, provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally. The company operates through Commercial Banking and Global Wholesale Banking segments. It offers local loans, commercial financing options, development bank funds, and cash management services; export and import financing, guarantees, structuring of asset services.