Banco Santander (Brasil) (BSBR) Expected to Announce Quarterly Earnings on Wednesday

Banco Santander (Brasil) (NYSE:BSBR) is anticipated to announce its earnings results on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.18 per share and revenue of $3.19 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Banco Santander (Brasil) Stock Performance

Shares of NYSE BSBR opened at $4.36 on Wednesday. The stock’s 50-day simple moving average is $4.13 and its 200-day simple moving average is $4.83. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.30 and a quick ratio of 0.30. Banco Santander has a fifty-two week low of $3.75 and a fifty-two week high of $6.01.

Banco Santander (Brasil) Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Friday, January 24th will be issued a dividend of $0.066 per share. The ex-dividend date is Friday, January 24th. This represents a $0.26 dividend on an annualized basis and a yield of 6.06%.

Analysts Set New Price Targets

A number of research firms recently commented on BSBR. StockNews.com downgraded shares of Banco Santander (Brasil) from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. raised Banco Santander (Brasil) from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $7.00 to $6.00 in a report on Monday, November 25th. Finally, Bank of America downgraded Banco Santander (Brasil) from a “buy” rating to a “neutral” rating in a report on Tuesday, December 10th.

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.