Banco Santander Brasil SA (BSBR) Given Average Rating of “Hold” by Brokerages

Shares of Banco Santander Brasil SA (NYSE:BSBR) have been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $12.00.

Several equities analysts recently commented on the company. ValuEngine raised Banco Santander Brasil from a “hold” rating to a “buy” rating in a report on Friday, July 20th. Zacks Investment Research raised Banco Santander Brasil from a “sell” rating to a “hold” rating in a report on Wednesday, August 1st.

NYSE:BSBR opened at $10.93 on Friday. The firm has a market capitalization of $41.73 billion, a P/E ratio of 14.97, a price-to-earnings-growth ratio of 1.01 and a beta of 0.96. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.22 and a current ratio of 0.22. Banco Santander Brasil has a 12 month low of $7.20 and a 12 month high of $12.25.

The firm also recently announced a special dividend, which was paid on Friday, November 2nd. Investors of record on Thursday, October 11th were issued a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, October 10th. Banco Santander Brasil’s dividend payout ratio (DPR) is presently 19.18%.

A number of large investors have recently bought and sold shares of BSBR. Wells Fargo & Company MN increased its holdings in Banco Santander Brasil by 17.4% in the first quarter. Wells Fargo & Company MN now owns 193,385 shares of the bank’s stock valued at $2,324,000 after buying an additional 28,675 shares during the last quarter. UBS Group AG increased its holdings in Banco Santander Brasil by 81.7% in the first quarter. UBS Group AG now owns 115,133 shares of the bank’s stock valued at $1,384,000 after buying an additional 51,761 shares during the last quarter. Guggenheim Capital LLC increased its holdings in Banco Santander Brasil by 12.2% in the first quarter. Guggenheim Capital LLC now owns 202,257 shares of the bank’s stock valued at $2,432,000 after buying an additional 22,043 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Banco Santander Brasil by 16.6% during the first quarter. Allianz Asset Management GmbH now owns 437,029 shares of the bank’s stock worth $5,253,000 after purchasing an additional 62,128 shares during the last quarter. Finally, Eqis Capital Management Inc. purchased a new position in shares of Banco Santander Brasil during the second quarter worth about $682,000. 1.10% of the stock is currently owned by hedge funds and other institutional investors.

About Banco Santander Brasil

Banco Santander (Brasil) SA provides banking products and services in Brazil and internationally. The company operates in two segments, Commercial Banking and Global Wholesale Banking. It offers savings and investment products, annuities, loans and advances, mortgage loans, credit cards, pension plans, and social securities, as well as leasing and foreign exchange services.

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