Banco Santander Brasil (BSBR) Upgraded by ValuEngine to Buy
ValuEngine upgraded shares of Banco Santander Brasil (NYSE:BSBR) from a hold rating to a buy rating in a research note published on Wednesday.
A number of other research firms have also weighed in on BSBR. Citigroup lowered Banco Santander Brasil from a neutral rating to a sell rating in a research note on Thursday, March 1st. Zacks Investment Research raised Banco Santander Brasil from a hold rating to a buy rating and set a $13.00 price objective on the stock in a research note on Friday, February 2nd. Finally, BidaskClub lowered Banco Santander Brasil from a buy rating to a hold rating in a research note on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Banco Santander Brasil has an average rating of Hold and a consensus target price of $15.00.
Banco Santander Brasil (BSBR) opened at $11.22 on Wednesday. The firm has a market capitalization of $42,066.77, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 1.13 and a beta of 1.57. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.90 and a current ratio of 0.91. Banco Santander Brasil has a 12 month low of $6.86 and a 12 month high of $11.93.
A number of large investors have recently bought and sold shares of the business. Macquarie Group Ltd. raised its position in Banco Santander Brasil by 2.3% in the fourth quarter. Macquarie Group Ltd. now owns 5,121,200 shares of the bank’s stock valued at $49,520,000 after purchasing an additional 112,700 shares during the period. JPMorgan Chase & Co. raised its position in Banco Santander Brasil by 192,151.0% in the third quarter. JPMorgan Chase & Co. now owns 2,526,178 shares of the bank’s stock valued at $21,725,000 after purchasing an additional 2,524,864 shares during the period. BlackRock Inc. raised its position in Banco Santander Brasil by 2.0% in the fourth quarter. BlackRock Inc. now owns 1,700,780 shares of the bank’s stock valued at $16,446,000 after purchasing an additional 33,916 shares during the period. State Street Corp raised its position in Banco Santander Brasil by 1.2% in the second quarter. State Street Corp now owns 804,077 shares of the bank’s stock valued at $6,055,000 after purchasing an additional 9,652 shares during the period. Finally, AMS Capital Ltda purchased a new stake in Banco Santander Brasil in the fourth quarter valued at $6,427,000. Institutional investors own 1.66% of the company’s stock.
About Banco Santander Brasil
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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