Capital Fund Management S.A. purchased a new stake in Banco Santander Brasil SA (NYSE:BSBR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,000 shares of the bank’s stock, valued at approximately $132,000.
Several other hedge funds also recently modified their holdings of BSBR. NumerixS Investment Technologies Inc boosted its position in shares of Banco Santander Brasil by 245.8% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 20,400 shares of the bank’s stock valued at $152,000 after purchasing an additional 14,500 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Banco Santander Brasil during the 3rd quarter valued at about $272,000. Citadel Advisors LLC bought a new stake in shares of Banco Santander Brasil during the 2nd quarter valued at about $310,000. O Shaughnessy Asset Management LLC boosted its position in shares of Banco Santander Brasil by 23.2% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 50,725 shares of the bank’s stock valued at $447,000 after purchasing an additional 9,551 shares in the last quarter. Finally, Sei Investments Co. boosted its position in shares of Banco Santander Brasil by 16.6% during the 2nd quarter. Sei Investments Co. now owns 63,957 shares of the bank’s stock valued at $480,000 after purchasing an additional 9,102 shares in the last quarter. 1.04% of the stock is owned by institutional investors.
Several brokerages recently commented on BSBR. Zacks Investment Research upgraded Banco Santander Brasil from a “sell” rating to a “hold” rating in a research report on Friday, November 30th. Morgan Stanley upgraded Banco Santander Brasil from an “underweight” rating to an “equal weight” rating in a research report on Friday, November 9th. Finally, ValuEngine upgraded Banco Santander Brasil from a “hold” rating to a “buy” rating in a research report on Monday, October 8th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Banco Santander Brasil currently has a consensus rating of “Hold” and an average target price of $12.00.
Banco Santander Brasil (NYSE:BSBR) last announced its quarterly earnings results on Wednesday, October 31st. The bank reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. The business had revenue of $3.90 billion for the quarter. Banco Santander Brasil had a return on equity of 12.58% and a net margin of 13.00%. Equities research analysts expect that Banco Santander Brasil SA will post 0.87 earnings per share for the current fiscal year.
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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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