Banco Santander Brasil SA Declares Quarterly Dividend of $0.10 (NYSE:BSBR)

Banco Santander Brasil SA (NYSE:BSBR) announced a quarterly dividend on Monday, July 20th. Investors of record on Thursday, July 30th will be paid a dividend of 0.1045 per share by the bank on Monday, August 17th. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend is Thursday, July 30th.

Banco Santander Brasil has decreased its dividend by an average of 0.2%annually over the last three years. Banco Santander Brasil has a dividend payout ratio of 34.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Banco Santander Brasil to earn $0.95 per share next year, which means the company should continue to be able to cover its $0.29 annual dividend with an expected future payout ratio of 30.5%.

Banco Santander Brasil Trading Up 0.8%

NYSE BSBR traded up $0.04 during midday trading on Tuesday, hitting $5.42. The company had a trading volume of 607,389 shares, compared to its average volume of 1,200,569. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a 50-day moving average price of $5.33 and a 200-day moving average price of $5.94. Banco Santander Brasil has a twelve month low of $4.62 and a twelve month high of $7.32.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BSBR shares. Zacks Research cut Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a research report on Friday, July 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Banco Santander Brasil from $7.00 to $6.50 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. Weiss Ratings cut shares of Banco Santander Brasil from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 29th. Finally, Wall Street Zen downgraded shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $6.50.

Banco Santander Brasil Company Profile

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.