Banco Santander Brasil (NYSE:BSBR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The brokerage currently has a $13.00 price target on the bank’s stock. Zacks Investment Research‘s target price suggests a potential upside of 14.64% from the company’s previous close.

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. “

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Other analysts have also issued reports about the stock. ValuEngine lowered shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Citigroup lowered shares of Banco Santander Brasil from a “neutral” rating to a “sell” rating in a research note on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. Banco Santander Brasil currently has a consensus rating of “Hold” and a consensus target price of $15.00.

Shares of Banco Santander Brasil (BSBR) traded up $0.02 on Tuesday, hitting $11.34. 1,042,465 shares of the stock traded hands, compared to its average volume of 1,300,650. The firm has a market capitalization of $42,704.14, a PE ratio of 20.62, a PEG ratio of 1.15 and a beta of 1.59. Banco Santander Brasil has a 1-year low of $6.86 and a 1-year high of $11.93. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.91 and a quick ratio of 0.90.

Institutional investors have recently made changes to their positions in the business. Jane Street Group LLC purchased a new position in Banco Santander Brasil in the fourth quarter valued at approximately $130,000. Trexquant Investment LP increased its stake in Banco Santander Brasil by 60.0% in the third quarter. Trexquant Investment LP now owns 25,353 shares of the bank’s stock valued at $222,000 after purchasing an additional 9,506 shares during the last quarter. Advisory Services Network LLC increased its stake in Banco Santander Brasil by 6,501.6% in the fourth quarter. Advisory Services Network LLC now owns 49,182 shares of the bank’s stock valued at $476,000 after purchasing an additional 48,437 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in Banco Santander Brasil in the fourth quarter valued at approximately $499,000. Finally, OxFORD Asset Management LLP increased its stake in Banco Santander Brasil by 26.0% in the third quarter. OxFORD Asset Management LLP now owns 59,095 shares of the bank’s stock valued at $514,000 after purchasing an additional 12,184 shares during the last quarter. Institutional investors own 1.66% of the company’s stock.

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Banco Santander Brasil Company Profile

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 (NYSE:BSBR)

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