Banco Santander (Brasil) S.A. Announces Dividend of $0.05 (NYSE:BSBR)

Banco Santander (Brasil) S.A. (NYSE:BSBR) declared a dividend on Thursday, April 17th, investing.com reports. Stockholders of record on Thursday, April 24th will be paid a dividend of 0.0463 per share by the bank on Monday, May 19th. This represents a dividend yield of 3.97%. The ex-dividend date is Wednesday, April 23rd.

Banco Santander (Brasil) has decreased its dividend payment by an average of 11.5% annually over the last three years. Banco Santander (Brasil) has a payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Banco Santander (Brasil) to earn $0.71 per share next year, which means the company should continue to be able to cover its $0.27 annual dividend with an expected future payout ratio of 38.0%.

Banco Santander (Brasil) Stock Performance

BSBR stock opened at $4.70 on Friday. The stock has a market capitalization of $17.48 billion, a PE ratio of 5.80, a price-to-earnings-growth ratio of 0.73 and a beta of 0.66. The stock’s 50 day simple moving average is $4.61 and its 200 day simple moving average is $4.52. Banco Santander has a 12-month low of $3.75 and a 12-month high of $6.01. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.25.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group raised shares of Banco Santander (Brasil) from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $4.20 to $4.70 in a research report on Wednesday, February 12th. StockNews.com downgraded shares of Banco Santander (Brasil) from a “buy” rating to a “hold” rating in a report on Friday, February 21st.

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.