Banco Santander Brasil (BSBR) Downgraded by BidaskClub to Hold

BidaskClub downgraded shares of Banco Santander Brasil (NYSE:BSBR) from a buy rating to a hold rating in a research note issued to investors on Tuesday, November 14th.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Banco Santander Brasil from a hold rating to a buy rating and set a $10.00 price objective on the stock in a report on Wednesday, November 8th. ValuEngine lowered Banco Santander Brasil from a strong-buy rating to a buy rating in a research report on Monday, October 2nd. Finally, J P Morgan Chase & Co upgraded Banco Santander Brasil from a neutral rating to an overweight rating and upped their target price for the company from $8.00 to $10.00 in a research report on Wednesday, November 1st. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $14.25.

Shares of Banco Santander Brasil (NYSE BSBR) traded up $0.14 during trading on Tuesday, reaching $8.89. 1,290,000 shares of the company’s stock were exchanged, compared to its average volume of 1,339,875. Banco Santander Brasil has a fifty-two week low of $6.86 and a fifty-two week 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 company has a market capitalization of $33,388.67, a P/E ratio of 16.16, a PEG ratio of 0.77 and a beta of 1.51.

Several large investors have recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Banco Santander Brasil by 19.1% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 82,680 shares of the bank’s stock valued at $722,000 after buying an additional 13,280 shares in the last quarter. Allianz Asset Management GmbH raised its stake in Banco Santander Brasil by 11.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 328,363 shares of the bank’s stock valued at $2,870,000 after purchasing an additional 33,233 shares during the last quarter. Pinebridge Investments L.P. raised its stake in Banco Santander Brasil by 47.6% in the 3rd quarter. Pinebridge Investments L.P. now owns 138,760 shares of the bank’s stock valued at $1,213,000 after purchasing an additional 44,760 shares during the last quarter. OxFORD Asset Management LLP raised its stake in Banco Santander Brasil by 26.0% in the 3rd quarter. OxFORD Asset Management LLP now owns 59,095 shares of the bank’s stock valued at $514,000 after purchasing an additional 12,184 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Banco Santander Brasil by 36.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 214,491 shares of the bank’s stock valued at $1,875,000 after purchasing an additional 57,386 shares during the last quarter. Hedge funds and other 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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