Banco Santander Brasil Rating Lowered to Neutral at Credit Suisse (BSBR)
Banco Santander Brasil (NASDAQ:BSBR) was downgraded by stock analysts at Credit Suisse from an “outperform” rating to a “neutral” rating in a report issued on Tuesday, TheFlyOnTheWall.com reports.
Shares of Banco Santander Brasil (NASDAQ:BSBR) opened at 6.92 on Tuesday. Banco Santander Brasil has a one year low of $4.48 and a one year high of $7.29. The stock has a 50-day moving average of $6.86 and a 200-day moving average of $5.81. The company has a market cap of $26.124 billion and a P/E ratio of 10.32.
Banco Santander Brasil (NASDAQ:BSBR) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.56 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.13 by $1.43. On average, analysts predict that Banco Santander Brasil will post $0.65 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 9th. Investors of record on Monday, July 7th will be paid a dividend of $0.0479 per share. This represents a $0.19 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Wednesday, July 2nd.
Banco Santander Brasil SA (NASDAQ:BSBR) is a Brazil-based bank.
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