Banco Santander (Brasil) S.A. (BSBR) to Issue Quarterly Dividend of $0.08 on May 28th

Banco Santander (Brasil) S.A. (NYSE:BSBR) declared a quarterly dividend on Thursday, April 11th, Wall Street Journal reports. Investors of record on Tuesday, April 23rd will be given a dividend of 0.0792 per share by the bank on Tuesday, May 28th. This represents a $0.32 dividend on an annualized basis and a yield of 5.95%. The ex-dividend date is Monday, April 22nd. This is a positive change from Banco Santander (Brasil)’s previous quarterly dividend of $0.06.

Banco Santander (Brasil) has a dividend payout ratio of 37.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Banco Santander (Brasil) to earn $0.75 per share next year, which means the company should continue to be able to cover its $0.33 annual dividend with an expected future payout ratio of 44.0%.

Banco Santander (Brasil) Stock Performance

NYSE BSBR opened at $5.33 on Friday. Banco Santander has a twelve month low of $4.93 and a twelve month high of $6.66. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.17. The stock has a 50-day moving average of $5.70 and a 200 day moving average of $5.85.

Hedge Funds Weigh In On Banco Santander (Brasil)

A number of hedge funds have recently made changes to their positions in BSBR. Tower Research Capital LLC TRC raised its holdings in shares of Banco Santander (Brasil) by 666.4% during the third quarter. Tower Research Capital LLC TRC now owns 4,882 shares of the bank’s stock valued at $25,000 after acquiring an additional 4,245 shares during the last quarter. Atlas Capital Advisors LLC acquired a new position in shares of Banco Santander (Brasil) during the second quarter valued at approximately $26,000. Wells Fargo & Company MN acquired a new position in shares of Banco Santander (Brasil) during the second quarter valued at approximately $39,000. Royal Bank of Canada grew its position in shares of Banco Santander (Brasil) by 12,833.3% in the third quarter. Royal Bank of Canada now owns 7,760 shares of the bank’s stock valued at $43,000 after purchasing an additional 7,700 shares in the last quarter. Finally, AlphaQ Advisors LLC purchased a new stake in shares of Banco Santander (Brasil) in the fourth quarter valued at approximately $64,000. Institutional investors and hedge funds own 14.53% of the company’s stock.

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.