Citigroup Inc. assumed coverage on shares of Banco Santander Brasil SA (NYSE:BSBR) in a research report issued to clients and investors on Wednesday. The brokerage set a “sell” rating on the stock.

Other equities research analysts also recently issued reports about the stock. UBS AG reissued a “neutral” rating on shares of Banco Santander Brasil SA in a research report on Thursday, September 8th. Zacks Investment Research downgraded shares of Banco Santander Brasil SA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 9th. Goldman Sachs Group Inc. downgraded shares of Banco Santander Brasil SA from a “neutral” rating to a “sell” rating and set a $8.10 target price for the company. in a research report on Friday, September 23rd. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Banco Santander Brasil SA in a research report on Friday, August 5th. Finally, Credit Suisse Group AG raised shares of Banco Santander Brasil SA from an “underperform” rating to a “neutral” rating in a research report on Monday, October 17th. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $6.50.

Analyst Recommendations for Banco Santander Brasil SA (NYSE:BSBR)

Shares of Banco Santander Brasil SA (NYSE:BSBR) traded up 1.72% during midday trading on Wednesday, reaching $8.30. 130,271 shares of the company’s stock traded hands. The firm has a market cap of $31.19 billion and a PE ratio of 14.31. The stock has a 50-day moving average price of $7.83 and a 200 day moving average price of $6.51. Banco Santander Brasil SA has a 12 month low of $3.02 and a 12 month high of $8.77.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Checchi Capital Advisers LLC boosted its position in Banco Santander Brasil SA by 2.0% in the second quarter. Checchi Capital Advisers LLC now owns 19,585 shares of the company’s stock worth $112,000 after buying an additional 384 shares during the last quarter. World Asset Management Inc boosted its position in Banco Santander Brasil SA by 8.3% in the second quarter. World Asset Management Inc now owns 239,525 shares of the company’s stock worth $1,365,000 after buying an additional 18,381 shares during the last quarter. Invictus RG bought a new position in Banco Santander Brasil SA during the second quarter worth $389,000. Quantbot Technologies LP bought a new position in Banco Santander Brasil SA during the third quarter worth $191,000. Finally, Hanseatic Management Services Inc. boosted its position in Banco Santander Brasil SA by 4,773.2% in the third quarter. Hanseatic Management Services Inc. now owns 86,500 shares of the company’s stock worth $580,000 after buying an additional 84,725 shares during the last quarter.

About Banco Santander Brasil SA

Banco Santander (Brasil) SA (Santander Brasil) is indirectly controlled by Banco Santander, SA, and is an institution of the financial and non-financial group. The Bank operates as a multiple bank. The Bank operates through two segments: Commercial Banking and Global Wholesale Banking. The Commercial Banking segment encompasses the entire commercial banking business (except for the Corporate Banking business managed globally using the Global Relationship Model).

5 Day Chart for NYSE:BSBR

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