Banco Santander Brasil SA (BSBR) Lowered to “Hold” at BidaskClub
BidaskClub downgraded shares of Banco Santander Brasil SA (NYSE:BSBR) from a buy rating to a hold rating in a research note published on Tuesday.
Other analysts have also recently issued research reports about the company. Zacks Investment Research raised Banco Santander Brasil SA from a hold rating to a buy rating and set a $10.00 target price on the stock in a research report on Wednesday, November 8th. ValuEngine raised Banco Santander Brasil SA from a buy rating to a strong-buy rating in a research report on Friday, September 1st. Finally, J P Morgan Chase & Co upgraded Banco Santander Brasil SA from a neutral rating to an overweight rating and increased their price objective for the company from $8.00 to $10.00 in a report on Wednesday, November 1st. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $14.25.
Shares of Banco Santander Brasil SA (BSBR) traded down $0.35 during trading hours on Tuesday, reaching $8.53. The company had a trading volume of 1,705,000 shares, compared to its average volume of 2,250,636. 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 capitalization of $33,351.11, a PE ratio of 16.15, a P/E/G ratio of 0.81 and a beta of 1.52. Banco Santander Brasil SA has a 52 week low of $6.86 and a 52 week high of $11.75.
The company also recently announced a special dividend, which was paid on Thursday, November 2nd. Investors of record on Wednesday, October 11th were paid a $0.0422 dividend. This is a positive change 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 dividend payout ratio (DPR) is 30.91%.
A number of hedge funds have recently modified their holdings of BSBR. Wright Investors Service Inc. purchased a new position in Banco Santander Brasil SA in the 3rd quarter worth $106,000. Trexquant Investment LP acquired a new stake in Banco Santander Brasil SA during the 2nd quarter worth about $119,000. Citigroup Inc. grew its position in Banco Santander Brasil SA by 3.7% during the 2nd 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. grew its position in Banco Santander Brasil SA by 5.8% during the 2nd quarter. Advisor Group Inc. now owns 21,268 shares of the bank’s stock worth $120,000 after purchasing an additional 1,166 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. grew its position in Banco Santander Brasil SA by 135.1% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 18,793 shares of the bank’s stock worth $136,000 after purchasing an additional 10,800 shares during the period. Institutional investors own 1.63% of the company’s stock.
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.
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