Banco Santander (Brasil) S.A. (BSBR) To Go Ex-Dividend on January 24th

Banco Santander (Brasil) S.A. (NYSE:BSBR) declared a quarterly dividend on Monday, January 13th,Wall Street Journal reports. Investors of record on Friday, January 24th will be paid a dividend of 0.066 per share by the bank on Monday, February 24th. This represents a $0.26 annualized dividend and a yield of 6.25%. The ex-dividend date of this dividend is Friday, January 24th.

Banco Santander (Brasil) has decreased its dividend by an average of 5.6% annually over the last three years. Banco Santander (Brasil) has a payout ratio of 32.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Banco Santander (Brasil) to earn $0.74 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 33.8%.

Banco Santander (Brasil) Price Performance

Shares of BSBR traded up $0.17 during mid-day trading on Wednesday, hitting $4.22. 736,645 shares of the company traded hands, compared to its average volume of 947,238. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $15.71 billion, a price-to-earnings ratio of 5.63, a PEG ratio of 0.28 and a beta of 1.01. The business has a 50-day moving average of $4.20 and a 200 day moving average of $4.88. Banco Santander has a one year low of $3.75 and a one year high of $6.12.

Analysts Set New Price Targets

BSBR has been the subject of several research reports. JPMorgan Chase & Co. raised Banco Santander (Brasil) from a “neutral” rating to an “overweight” rating and lowered their target price for the company from $7.00 to $6.00 in a research note on Monday, November 25th. Bank of America cut Banco Santander (Brasil) from a “buy” rating to a “neutral” rating in a report on Tuesday, December 10th. Finally, StockNews.com cut Banco Santander (Brasil) from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th.

About Banco Santander (Brasil)

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.