Zacks Investment Research downgraded shares of Banco Santander Brasil SA (NYSE:BSBR) from a buy rating to a hold rating in a research note published on Monday.
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. “
Several other research firms have also weighed in on BSBR. BidaskClub raised Banco Santander Brasil SA from a hold rating to a buy rating in a research report on Sunday, July 16th. Citigroup Inc. raised Banco Santander Brasil SA from a sell rating to a neutral rating in a research report on Tuesday, July 4th. ValuEngine raised Banco Santander Brasil SA from a buy rating to a strong-buy rating in a research report on Friday, September 1st. HSBC Holdings plc upgraded Banco Santander Brasil SA from a reduce rating to a hold rating in a research note on Thursday, May 18th. Finally, J P Morgan Chase & Co upgraded Banco Santander Brasil SA from an underweight rating to a neutral rating and lifted their price target for the company from $6.00 to $7.50 in a research note on Friday, May 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Banco Santander Brasil SA has an average rating of Hold and an average target price of $12.47.
Banco Santander Brasil SA (BSBR) traded up 1.00% during midday trading on Monday, reaching $9.05. The company had a trading volume of 272,449 shares. The company has a market capitalization of $33.95 billion, a PE ratio of 13.63 and a beta of 1.55. The stock has a 50-day moving average price of $8.70 and a 200 day moving average price of $8.56. Banco Santander Brasil SA has a 12-month low of $6.45 and a 12-month high of $11.75.
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The firm also recently declared a None dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 7th were given a dividend of $0.036 per share. This is a positive change from Banco Santander Brasil SA’s previous None dividend of $0.04. The ex-dividend date of this dividend was Thursday, August 3rd. Banco Santander Brasil SA’s dividend payout ratio is presently 29.55%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Citigroup Inc. boosted its holdings in shares of 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 purchasing an additional 566 shares during the period. Advisor Group Inc. raised its stake in Banco Santander Brasil SA by 5.8% in the second quarter. Advisor Group Inc. now owns 21,268 shares of the bank’s stock worth $120,000 after buying an additional 1,166 shares in the last quarter. Comerica Bank raised its stake in Banco Santander Brasil SA by 1.3% in the first quarter. Comerica Bank now owns 222,241 shares of the bank’s stock worth $1,860,000 after buying an additional 2,882 shares in the last quarter. 1st Global Advisors Inc. raised its stake in Banco Santander Brasil SA by 4.6% in the first quarter. 1st Global Advisors Inc. now owns 74,225 shares of the bank’s stock worth $655,000 after buying an additional 3,286 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its stake in Banco Santander Brasil SA by 14.0% in the second quarter. Oppenheimer & Co. Inc. now owns 39,282 shares of the bank’s stock worth $296,000 after buying an additional 4,810 shares in the last quarter. Institutional investors and hedge funds own 1.66% 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.
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