Banco Santander (Brasil) (NYSE:BSBR) Lifted to Hold at Zacks Investment Research


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Banco Santander (Brasil) (NYSE:BSBR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Monday, Zacks.com reports.

According to Zacks, “Banco Santander, S.A. is a retail and commercial bank. The Banks segments include Continental Europe, the United Kingdom, Latin America and the United States. The Continental Europe segment covers all businesses in the Continental Europe. The United Kingdom segment includes the businesses developed by various units and branches in the country. The Latin America segment embraces all its financial activities conducted through its banks and subsidiaries in the region. The United States segment includes the Intermediate Holding Company (IHC) and its subsidiaries Santander Bank, Banco Santander Puerto Rico, Santander Consumer USA, Banco Santander International, Santander Investment Securities, and the Santander branch in New York. The Company’s commercial model satisfies the needs of all types of customers: individuals with various income levels. “

Shares of NYSE BSBR opened at $7.13 on Monday. The company’s fifty day moving average price is $7.01 and its 200 day moving average price is $7.29. Banco Santander has a 1 year low of $3.69 and a 1 year high of $8.95. The company has a market capitalization of $26.73 billion, a PE ratio of 9.51, a price-to-earnings-growth ratio of 2.09 and a beta of 1.03. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.15 and a current ratio of 0.15.

Banco Santander (Brasil) (NYSE:BSBR) last posted its quarterly earnings data on Friday, February 26th. The bank reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.01). The company had revenue of $5.79 billion for the quarter. Banco Santander (Brasil) had a return on equity of 15.40% and a net margin of 18.90%. On average, equities analysts expect that Banco Santander will post 0.65 EPS for the current year.

Large investors have recently bought and sold shares of the business. Inspire Advisors LLC acquired a new position in Banco Santander (Brasil) during the fourth quarter worth $27,000. Susquehanna International Group LLP acquired a new position in Banco Santander (Brasil) during the fourth quarter worth $90,000. Signaturefd LLC raised its position in Banco Santander (Brasil) by 15.7% during the fourth quarter. Signaturefd LLC now owns 13,167 shares of the bank’s stock worth $114,000 after acquiring an additional 1,785 shares during the period. Panagora Asset Management Inc. raised its position in Banco Santander (Brasil) by 114.8% during the fourth quarter. Panagora Asset Management Inc. now owns 15,486 shares of the bank’s stock worth $134,000 after acquiring an additional 8,277 shares during the period. Finally, US Bancorp DE raised its position in Banco Santander (Brasil) by 31.7% during the fourth quarter. US Bancorp DE now owns 15,689 shares of the bank’s stock worth $135,000 after acquiring an additional 3,780 shares during the period. Institutional investors own 0.65% of the company’s stock.

Banco Santander (Brasil) Company Profile

Banco Santander (Brasil) SA provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally. The company operates in two segments, Commercial Banking and Global Wholesale Banking. It offers deposits and other bank funding instruments; debit and credit cards; digital pre-paid solutions; payment platform; loyalty programs; employee benefit vouchers; payroll loans; digital lending and online debt renegotiation services; mortgages; home equity financing products; consumer credit; and local loans, commercial and trade finance, guarantees, structured loans, and cash management and funding solutions, as well as on-lending transfer services.

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