Banco Santander Brasil SA (BSBR) Lowered to “Hold” at BidaskClub

BidaskClub lowered shares of Banco Santander Brasil SA (NYSE:BSBR) from a buy rating to a hold rating in a report published on Tuesday.

BSBR has been the topic of several other reports. Zacks Investment Research raised shares of Banco Santander Brasil SA from a hold rating to a buy rating and set a $9.75 price objective on the stock in a research report on Tuesday, August 15th. J P Morgan Chase & Co raised shares of Banco Santander Brasil SA from a neutral rating to an overweight rating and raised their price objective for the stock from $8.00 to $10.00 in a research report on Wednesday, November 1st. Finally, ValuEngine downgraded shares of Banco Santander Brasil SA from a strong-buy rating to a buy rating in a research report on Monday, October 2nd. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $14.25.

Shares of Banco Santander Brasil SA (NYSE BSBR) opened at $9.20 on Tuesday. Banco Santander Brasil SA has a one year low of $6.86 and a one year high of $11.75. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $33,800.00, a price-to-earnings ratio of 15.51, a P/E/G ratio of 0.77 and a beta of 1.50.

TRADEMARK VIOLATION NOTICE: “Banco Santander Brasil SA (BSBR) Lowered to “Hold” at BidaskClub” was reported by BBNS and is the sole property of of BBNS. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark laws. The original version of this news story can be accessed at https://baseballnewssource.com/markets/banco-santander-brasil-sa-bsbr-lowered-to-hold-at-bidaskclub/1782541.html.

The company also recently announced a special dividend, which was paid on Thursday, November 2nd. Stockholders of record on Wednesday, October 11th were issued a $0.0422 dividend. This is an increase from Banco Santander Brasil SA’s previous special dividend of $0.04. The ex-dividend date was Tuesday, October 10th. Banco Santander Brasil SA’s payout ratio is presently 26.56%.

Several hedge funds and other institutional investors have recently made changes to their positions in BSBR. Wright Investors Service Inc. acquired a new position in Banco Santander Brasil SA during the third quarter worth about $106,000. Trexquant Investment LP acquired a new position in Banco Santander Brasil SA during the second quarter worth about $119,000. Citigroup Inc. raised its position in Banco Santander Brasil SA by 3.7% during the second quarter. Citigroup Inc. now owns 15,961 shares of the bank’s stock worth $120,000 after acquiring an additional 566 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in Banco Santander Brasil SA by 135.1% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 18,793 shares of the bank’s stock worth $136,000 after acquiring an additional 10,800 shares during the last quarter. Finally, Advisor Group Inc. raised its position in Banco Santander Brasil SA by 5.8% during the second quarter. Advisor Group Inc. now owns 21,268 shares of the bank’s stock worth $120,000 after acquiring an additional 1,166 shares during the last quarter. Hedge funds and other institutional investors own 1.63% of the company’s stock.

Banco Santander Brasil SA Company Profile

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 SA (NYSE:BSBR)

Receive News & Ratings for Banco Santander Brasil SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Santander Brasil SA and related companies with our FREE daily email newsletter.

 


Latest News

Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
MLB Commissioner: New Rule for Pace-of-Play in 2018
MLB Commissioner: New Rule for Pace-of-Play in 2018
Alex Cobb Could Be Good Fit for Cubs
Alex Cobb Could Be Good Fit for Cubs
Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts


Leave a Reply

 
© 2006-2017 BBNS.