Banco Santander Brasil (NYSE:BSBR) Hits New 52-Week High – Still a Buy?

Banco Santander Brasil SA (NYSE:BSBR)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $7.11 and last traded at $7.0950, with a volume of 790428 shares. The stock had previously closed at $6.79.

Wall Street Analysts Forecast Growth

Several analysts recently commented on BSBR shares. Weiss Ratings upgraded shares of Banco Santander Brasil from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday. Wall Street Zen raised Banco Santander Brasil from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Finally, The Goldman Sachs Group lowered shares of Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $4.70.

Banco Santander Brasil Trading Up 4.5%

The company has a debt-to-equity ratio of 3.13, a quick ratio of 1.34 and a current ratio of 1.34. The business has a 50 day moving average of $6.22 and a 200 day moving average of $5.63.

Banco Santander Brasil Dividend Announcement

The company also recently declared a special dividend, which will be paid on Wednesday, February 18th. Stockholders of record on Thursday, January 22nd will be issued a dividend of $0.1001 per share. The ex-dividend date is Thursday, January 22nd.

Institutional Trading of Banco Santander Brasil

A number of hedge funds have recently bought and sold shares of BSBR. Hantz Financial Services Inc. grew its position in shares of Banco Santander Brasil by 553.9% in the second quarter. Hantz Financial Services Inc. now owns 6,997 shares of the bank’s stock valued at $38,000 after purchasing an additional 5,927 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Banco Santander Brasil in the 1st quarter worth about $46,000. Public Employees Retirement System of Ohio lifted its stake in shares of Banco Santander Brasil by 48.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,617 shares of the bank’s stock valued at $63,000 after purchasing an additional 3,813 shares in the last quarter. Tuttle Capital Management LLC purchased a new stake in shares of Banco Santander Brasil during the 4th quarter worth about $66,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Banco Santander Brasil during the 2nd quarter worth approximately $70,000. Institutional investors and hedge funds 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.