Banco Santander Brasil SA (BSBR) Lowered to “Hold” at ValuEngine

ValuEngine downgraded shares of Banco Santander Brasil SA (NYSE:BSBR) from a buy rating to a hold rating in a report published on Tuesday.

BSBR has been the subject of several other research reports. Zacks Investment Research cut shares of Banco Santander Brasil SA from a buy rating to a hold rating in a research report on Monday, September 11th. BidaskClub raised shares of Banco Santander Brasil SA from a hold rating to a buy rating in a research report on Wednesday, October 11th. Finally, J P Morgan Chase & Co raised shares of Banco Santander Brasil SA from a neutral rating to an overweight rating and raised their price target for the company from $8.00 to $10.00 in a research report on Wednesday, November 1st. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $14.25.

Banco Santander Brasil SA (NYSE:BSBR) opened at $9.32 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.90 and a quick ratio of 0.90. Banco Santander Brasil SA has a 1 year low of $6.86 and a 1 year high of $11.75. The company has a market cap of $34,740.74, a P/E ratio of 16.82, a price-to-earnings-growth ratio of 0.80 and a beta of 1.52.

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The company also recently disclosed a special dividend, which was paid on Thursday, November 2nd. Stockholders of record on Wednesday, October 11th were given a dividend of $0.0422 per share. This is a boost from Banco Santander Brasil SA’s previous special dividend of $0.04. The ex-dividend date was Tuesday, October 10th. Banco Santander Brasil SA’s payout ratio is 30.91%.

Institutional investors have recently added to or reduced their stakes in the company. Wright Investors Service Inc. purchased a new stake in shares of Banco Santander Brasil SA during the 3rd quarter worth $106,000. Trexquant Investment LP acquired a new stake in Banco Santander Brasil SA during the 2nd quarter worth $119,000. Citigroup Inc. raised its stake in Banco Santander Brasil SA by 3.7% during the 2nd quarter. Citigroup Inc. now owns 15,961 shares of the bank’s stock worth $120,000 after acquiring an additional 566 shares in the last quarter. Advisor Group Inc. raised its stake in Banco Santander Brasil SA by 5.8% during the 2nd quarter. Advisor Group Inc. now owns 21,268 shares of the bank’s stock worth $120,000 after acquiring an additional 1,166 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its stake in Banco Santander Brasil SA by 135.1% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 18,793 shares of the bank’s stock worth $136,000 after acquiring an additional 10,800 shares in the last quarter. 1.70% of the stock is owned by institutional investors and hedge funds.

Banco Santander Brasil SA Company Profile

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.

Analyst Recommendations for Banco Santander Brasil SA (NYSE:BSBR)

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