Banco Santander Brasil Declares Quarterly Dividend of $0.05 (BSBR)
Banco Santander Brasil (NASDAQ:BSBR) announced a quarterly dividend on Monday, September 30th, AnalystRatings.Net reports. Shareholders of record on Monday, October 7th will be paid a dividend of $0.0528 per share on Thursday, March 6th. This represents a $0.21 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Thursday, October 3rd.
A number of analysts have recently weighed in on BSBR shares. Analysts at Citigroup Inc. upgraded shares of Banco Santander Brasil (NASDAQ:BSBR) from a “sell” rating to a “neutral” rating in a research note to investors on Monday. Analysts at JPMorgan Chase & Co. cut their price target on shares of Banco Santander Brasil (NASDAQ:BSBR) from $8.00 to $6.00 in a research note to investors on Wednesday, July 31st. They now have a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Banco Santander Brasil presently has a consensus rating of “Hold” and an average target price of $6.00.
Banco Santander Brasil (NASDAQ:BSBR) traded down 0.86% on Monday, hitting $6.95. 8,661,236 shares of the company’s stock traded hands. Banco Santander Brasil has a 1-year low of $5.56 and a 1-year high of $8.19. The stock has a 50-day moving average of $6.14 and a 200-day moving average of $6.65. The company has a market cap of $26.344 billion and a P/E ratio of 11.13.
Banco Santander Brasil SA (NASDAQ:BSBR) is a Brazil-based bank.
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