Zacks Investment Research upgraded shares of Banco Santander Brasil (NYSE:BSBR) from a hold rating to a buy rating in a research report released on Monday morning, Zacks.com reports. They currently have $11.00 target price on the bank’s stock.

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. “

Separately, ValuEngine cut Banco Santander Brasil from a buy rating to a hold rating in a report on Friday, March 1st. Seven research analysts have rated the stock with a hold rating, The company has an average rating of Hold and a consensus target price of $11.50.

Shares of NYSE:BSBR opened at $10.79 on Monday. The stock has a market cap of $37.91 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 1.00 and a beta of 0.88. Banco Santander Brasil has a 1-year low of $7.20 and a 1-year high of $13.73. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.93 and a quick ratio of 0.93.

Banco Santander Brasil (NYSE:BSBR) last announced its quarterly earnings data on Wednesday, March 27th. The bank reported $0.25 earnings per share for the quarter. The firm had revenue of $4.09 billion during the quarter. Banco Santander Brasil had a return on equity of 14.54% and a net margin of 14.82%. As a group, sell-side analysts expect that Banco Santander Brasil will post 0.97 EPS for the current year.

The business also recently declared a special dividend, which was paid on Monday, May 6th. Stockholders of record on Tuesday, April 9th were paid a $0.0685 dividend. The ex-dividend date of this dividend was Monday, April 8th. Banco Santander Brasil’s dividend payout ratio (DPR) is presently 25.56%.

Several hedge funds have recently made changes to their positions in BSBR. BlackRock Inc. increased its stake in shares of Banco Santander Brasil by 16.5% in the 3rd quarter. BlackRock Inc. now owns 1,873,461 shares of the bank’s stock valued at $16,506,000 after acquiring an additional 264,770 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Banco Santander Brasil by 125.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 172,699 shares of the bank’s stock valued at $1,521,000 after acquiring an additional 96,169 shares during the last quarter. Quadrant Capital Group LLC bought a new stake in shares of Banco Santander Brasil in the 4th quarter valued at about $101,000. Financial Gravity Companies Inc. bought a new stake in shares of Banco Santander Brasil in the 4th quarter valued at about $226,000. Finally, Comerica Bank increased its stake in shares of Banco Santander Brasil by 1.2% in the 4th quarter. Comerica Bank now owns 225,932 shares of the bank’s stock valued at $2,982,000 after acquiring an additional 2,575 shares during the last quarter. 1.09% of the stock is owned by institutional investors.

Banco Santander Brasil Company Profile

Banco Santander (Brasil) SA provides commercial banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally. It operates through two segments, Commercial Banking and Global Wholesale Banking. The company offers checking and savings accounts; priority services, such as withdrawals, debit cards, deposits, and transfers; onshore and offshore financial products and services, investment advice, and asset management services; consumer credit for purchasing motor vehicles, and other goods and services; local loans, commercial finance, trade finance, guarantees, structured loans, and cash management and funding solutions, as well as Banco Nacional de Desenvolvimento Econômico e Social on-lending transfer services; payroll, mortgage, and agribusiness loans, as well as microcredit; investment products; and credit cards and foreign exchange services.

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