Brokerages Set Banco Santander Brasil SA (BSBR) Target Price at $15.00

Banco Santander Brasil SA (NYSE:BSBR) has been assigned an average rating of “Hold” from the ten brokerages that are currently covering the firm, MarketBeat reports. Eight analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $15.67.

Several brokerages recently issued reports on BSBR. Zacks Investment Research upgraded Banco Santander Brasil from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Friday, February 2nd. BidaskClub upgraded Banco Santander Brasil from a “hold” rating to a “buy” rating in a research report on Wednesday, October 11th. ValuEngine cut Banco Santander Brasil from a “buy” rating to a “hold” rating in a research report on Tuesday, November 21st. Finally, JPMorgan Chase & Co. upgraded Banco Santander Brasil from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $8.00 to $10.00 in a research report on Wednesday, November 1st.

Shares of Banco Santander Brasil (NYSE BSBR) traded down $0.24 during mid-day trading on Friday, reaching $10.49. The company had a trading volume of 1,100,000 shares, compared to its average volume of 1,480,000. The firm has a market cap of $40,220.00, a PE ratio of 16.14, a PEG ratio of 1.01 and a beta of 1.65. Banco Santander Brasil has a 1 year low of $6.86 and a 1 year high of $11.75. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.90 and a quick ratio of 0.90.

The firm also recently announced a special dividend, which will be paid on Monday, March 5th. Shareholders of record on Tuesday, January 9th will be given a dividend of $0.1856 per share. This is a boost from Banco Santander Brasil’s previous special dividend of $0.04. The ex-dividend date of this dividend is Monday, January 8th. Banco Santander Brasil’s payout ratio is presently 44.62%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nordea Investment Management AB acquired a new position in Banco Santander Brasil during the 2nd quarter worth approximately $171,000. Goldman Sachs Group Inc. boosted its stake in shares of Banco Santander Brasil by 236.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 5,862,453 shares of the bank’s stock worth $44,144,000 after acquiring an additional 4,119,776 shares in the last quarter. Macquarie Group Ltd. boosted its stake in shares of Banco Santander Brasil by 2,533.2% during the 2nd quarter. Macquarie Group Ltd. now owns 3,307,300 shares of the bank’s stock worth $24,905,000 after acquiring an additional 3,181,700 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Banco Santander Brasil by 10.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 222,053 shares of the bank’s stock worth $1,672,000 after acquiring an additional 20,490 shares in the last quarter. Finally, Pinebridge Investments L.P. boosted its stake in shares of Banco Santander Brasil by 47.6% during the 3rd quarter. Pinebridge Investments L.P. now owns 138,760 shares of the bank’s stock worth $1,213,000 after acquiring an additional 44,760 shares in the last quarter. Institutional investors own 1.56% of the company’s stock.

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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.

Analyst Recommendations for Banco Santander Brasil (NYSE:BSBR)

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