Banco Santander Brasil SA (BSBR) Expected to Announce Earnings of $0.19 Per Share

Equities research analysts predict that Banco Santander Brasil SA (NYSE:BSBR) will post earnings per share of $0.19 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Banco Santander Brasil’s earnings, with the lowest EPS estimate coming in at $0.15 and the highest estimate coming in at $0.22. Banco Santander Brasil posted earnings of $0.16 per share in the same quarter last year, which indicates a positive year over year growth rate of 18.8%. The business is expected to report its next quarterly earnings results on Wednesday, April 25th.

On average, analysts expect that Banco Santander Brasil will report full year earnings of $0.89 per share for the current year, with EPS estimates ranging from $0.69 to $1.04. For the next year, analysts expect that the firm will report earnings of $0.98 per share, with EPS estimates ranging from $0.76 to $1.13. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Banco Santander Brasil.

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BSBR has been the topic of several recent research reports. Zacks Investment Research raised shares of Banco Santander Brasil from a “sell” rating to a “hold” rating in a report on Monday, January 8th. Citigroup lowered shares of Banco Santander Brasil from a “neutral” rating to a “sell” rating in a report on Thursday, March 1st. Finally, ValuEngine raised shares of Banco Santander Brasil from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $14.75.

Shares of NYSE:BSBR traded up $0.59 during trading on Tuesday, reaching $12.02. The company had a trading volume of 2,484,076 shares, compared to its average volume of 1,148,356. The firm has a market capitalization of $45,066.18, a price-to-earnings ratio of 19.08, a PEG ratio of 1.21 and a beta of 1.57. Banco Santander Brasil has a 12 month low of $6.86 and a 12 month high of $12.05. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.91 and a quick ratio of 0.90.

Several hedge funds have recently added to or reduced their stakes in BSBR. JPMorgan Chase & Co. grew its holdings in shares of Banco Santander Brasil by 192,151.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,526,178 shares of the bank’s stock valued at $21,725,000 after purchasing an additional 2,524,864 shares during the last quarter. AMS Capital Ltda bought a new stake in Banco Santander Brasil in the 4th quarter worth $6,427,000. Bailard Inc. grew its holdings in Banco Santander Brasil by 402.3% in the 4th quarter. Bailard Inc. now owns 524,400 shares of the bank’s stock worth $5,071,000 after acquiring an additional 420,000 shares during the last quarter. Pinebridge Investments L.P. grew its holdings in Banco Santander Brasil by 183.3% in the 4th quarter. Pinebridge Investments L.P. now owns 393,144 shares of the bank’s stock worth $3,802,000 after acquiring an additional 254,384 shares during the last quarter. Finally, Itau Unibanco Holding S.A. grew its holdings in Banco Santander Brasil by 5,106.3% in the 4th quarter. Itau Unibanco Holding S.A. now owns 249,900 shares of the bank’s stock worth $2,417,000 after acquiring an additional 245,100 shares during the last quarter. 1.66% of the stock is currently owned by institutional investors.

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About Banco Santander Brasil

Banco Santander (Brasil) SA (the Bank) is indirectly controlled by Banco Santander, SA, and is an institution of the Financial and Prudential Group. The Bank operates through two segments, Commercial Banking and Global Wholesale Banking. The Company conducts its operations by means of portfolios such as commercial, investment, lending and financing, mortgage lending, leasing, credit card operations and foreign exchange.

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