Banco Santander Brasil SA (NYSE:BSBR) has earned a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $12.47.

A number of research analysts recently commented on BSBR shares. Bank of America Corporation upgraded Banco Santander Brasil SA from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $18.00 to $29.00 in a report on Tuesday, May 2nd. Zacks Investment Research cut Banco Santander Brasil SA from a “buy” rating to a “hold” rating in a report on Thursday, April 27th. Deutsche Bank AG upgraded Banco Santander Brasil SA from a “sell” rating to a “hold” rating and set a $8.00 price objective on the stock in a report on Thursday, April 27th. HSBC Holdings plc upgraded Banco Santander Brasil SA from a “reduce” rating to a “hold” rating in a report on Thursday, May 18th. Finally, BidaskClub upgraded Banco Santander Brasil SA from a “hold” rating to a “buy” rating in a report on Sunday, July 16th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership boosted its position in Banco Santander Brasil SA by 73.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 9,351,744 shares of the bank’s stock worth $70,419,000 after buying an additional 3,960,380 shares during the period. Numeric Investors LLC boosted its position in Banco Santander Brasil SA by 497.3% in the second quarter. Numeric Investors LLC now owns 7,813,307 shares of the bank’s stock worth $58,834,000 after buying an additional 6,505,126 shares during the period. Vanguard Group Inc. boosted its position in Banco Santander Brasil SA by 13.8% in the second quarter. Vanguard Group Inc. now owns 6,158,527 shares of the bank’s stock worth $46,374,000 after buying an additional 747,173 shares during the period. Goldman Sachs Group Inc. boosted its position in Banco Santander Brasil SA by 236.4% in the second quarter. Goldman Sachs Group Inc. now owns 5,862,453 shares of the bank’s stock worth $44,144,000 after buying an additional 4,119,776 shares during the period. Finally, Macquarie Group Ltd. boosted its position in Banco Santander Brasil SA by 2,533.2% in the second quarter. Macquarie Group Ltd. now owns 3,307,300 shares of the bank’s stock worth $24,905,000 after buying an additional 3,181,700 shares during the period. Institutional investors own 0.89% of the company’s stock.

Banco Santander Brasil SA (NYSE BSBR) traded down 3.66% during midday trading on Friday, hitting $8.42. The stock had a trading volume of 1,315,175 shares. The firm has a 50-day moving average of $8.18 and a 200-day moving average of $8.80. Banco Santander Brasil SA has a 12-month low of $6.40 and a 12-month high of $11.75. The company has a market cap of $31.58 billion, a PE ratio of 12.53 and a beta of 1.55.

The firm also recently disclosed a None dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 7th will be issued a $0.036 dividend. The ex-dividend date is Thursday, August 3rd. This is a boost from Banco Santander Brasil SA’s previous None dividend of $0.04. Banco Santander Brasil SA’s dividend payout ratio is currently 29.55%.

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About Banco Santander Brasil SA

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)

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