Brokerages Expect Banco Santander Brasil SA (BSBR) to Announce $0.22 EPS

Equities research analysts expect Banco Santander Brasil SA (NYSE:BSBR) to post earnings of $0.22 per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Banco Santander Brasil’s earnings. The lowest EPS estimate is $0.20 and the highest is $0.25. Banco Santander Brasil posted earnings of $0.09 per share in the same quarter last year, which suggests a positive year over year growth rate of 144.4%. The firm is expected to announce its next earnings results on Thursday, November 22nd.

According to Zacks, analysts expect that Banco Santander Brasil will report full-year earnings of $0.90 per share for the current fiscal year, with EPS estimates ranging from $0.85 to $0.99. For the next financial year, analysts anticipate that the company will report earnings of $0.91 per share, with EPS estimates ranging from $0.87 to $0.96. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Banco Santander Brasil.

A number of analysts have weighed in on the company. Morgan Stanley upgraded Banco Santander Brasil from an “underweight” rating to an “equal weight” rating in a report on Friday, November 9th. Zacks Investment Research upgraded Banco Santander Brasil from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 17th. Finally, ValuEngine upgraded Banco Santander Brasil from a “hold” rating to a “buy” rating in a report on Monday, October 8th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $12.00.

NYSE BSBR traded down $0.28 on Tuesday, reaching $11.05. The company had a trading volume of 616,230 shares, compared to its average volume of 1,427,581. The company has a market capitalization of $42.89 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 1.04 and a beta of 0.96. Banco Santander Brasil has a fifty-two week low of $7.20 and a fifty-two week high of $12.25. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.11.

The firm also recently declared a special dividend, which was paid on Friday, November 2nd. Shareholders of record on Thursday, October 11th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, October 10th. Banco Santander Brasil’s payout ratio is currently 19.18%.

A number of institutional investors have recently modified their holdings of the business. Man Group plc grew its holdings in Banco Santander Brasil by 4.6% during the 3rd quarter. Man Group plc now owns 7,275,556 shares of the bank’s stock worth $64,098,000 after acquiring an additional 320,220 shares during the period. Macquarie Group Ltd. grew its holdings in Banco Santander Brasil by 0.6% during the 3rd quarter. Macquarie Group Ltd. now owns 4,659,666 shares of the bank’s stock worth $41,052,000 after acquiring an additional 27,800 shares during the period. Renaissance Technologies LLC boosted its position in shares of Banco Santander Brasil by 83.0% during the 2nd quarter. Renaissance Technologies LLC now owns 2,417,100 shares of the bank’s stock worth $18,128,000 after purchasing an additional 1,096,200 shares in the last quarter. BlackRock Inc. boosted its position in shares of Banco Santander Brasil by 16.5% during the 3rd quarter. BlackRock Inc. now owns 1,873,461 shares of the bank’s stock worth $16,506,000 after purchasing an additional 264,770 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Banco Santander Brasil by 2.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,701,340 shares of the bank’s stock worth $12,724,000 after purchasing an additional 35,290 shares in the last quarter. Hedge funds and other institutional investors own 1.10% of the company’s stock.

About Banco Santander Brasil

Banco Santander (Brasil) SA provides banking products and services in Brazil and internationally. The company operates in two segments, Commercial Banking and Global Wholesale Banking. It offers savings and investment products, annuities, loans and advances, mortgage loans, credit cards, pension plans, and social securities, as well as leasing and foreign exchange services.

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