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Friday, September 22, 2023

Can We Expect More Volatility From Banco Santander (Brasil) S.A. (BSBR)?

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Banco Santander (Brasil) S.A. (BSBR) shares are trading at higher $7.94 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $7.13.

To add more color to this target, the company’s high over the last year is $12.28 and the low is $3.63. Over the last 52 weeks, BSBR is down -21.93% while the S&P 500 is up 17.45%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, BSBR reported a profit of $2.07 billion. Banco Santander (Brasil) S.A. also saw revenues increase to $2.74 billion. In addition, BSBR has free cash flow of $6.89 billion as of 09-2020.

BSBR booked profit margins of 23.20%, its Return on Equity (ROE) is 15.10%, and its Return on Assets is 1.80%. All told, it is clear that, BSBR needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. BSBR has a short ratio of 5.31 and outstanding shares of 3.73B.

Company Outlook

BSBR has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.03 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.76. Investors should also keep an eye on sector updates as BSBR has historically followed its peers on positive news.

All told, Banco Santander (Brasil) S.A. BSBR has strung together solid data and demonstrated underlying fundamentals. At its current valuation, BSBR represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Banco Santander (Brasil) S.A. BSBR is now commanding a market cap of 29.86B and a float of 3.73B. BSBR is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of BSBR stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in BSBR, either long or short, and we have not been compensated for this article.

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