Banco Santander Brasil SA (NYSE:BSBR) has received an average recommendation of “Hold” from the seven brokerages that are covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $12.50.

Several equities analysts recently issued reports on the company. Zacks Investment Research cut Banco Santander Brasil from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. ValuEngine cut Banco Santander Brasil from a “buy” rating to a “hold” rating in a research report on Friday, March 1st.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BSBR. Quantamental Technologies LLC acquired a new position in Banco Santander Brasil during the 1st quarter worth approximately $26,000. PNC Financial Services Group Inc. increased its position in Banco Santander Brasil by 33.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,303 shares of the bank’s stock worth $59,000 after purchasing an additional 1,322 shares during the period. Paloma Partners Management Co acquired a new position in Banco Santander Brasil during the 4th quarter worth approximately $118,000. BNP Paribas Arbitrage SA increased its position in Banco Santander Brasil by 21.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 11,703 shares of the bank’s stock worth $131,000 after purchasing an additional 2,096 shares during the period. Finally, Citigroup Inc. increased its position in Banco Santander Brasil by 131.5% during the 4th quarter. Citigroup Inc. now owns 15,168 shares of the bank’s stock worth $169,000 after purchasing an additional 8,617 shares during the period. Institutional investors own 1.06% of the company’s stock.

BSBR stock traded up $0.17 during trading on Tuesday, hitting $11.70. The company had a trading volume of 488,658 shares, compared to its average volume of 902,964. The stock has a market capitalization of $43.19 billion, a PE ratio of 13.00, a price-to-earnings-growth ratio of 1.14 and a beta of 0.83. Banco Santander Brasil has a 1-year low of $7.20 and a 1-year high of $13.73. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.11.

Banco Santander Brasil (NYSE:BSBR) last issued its quarterly earnings results on Tuesday, April 30th. The bank reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The firm had revenue of $4.02 billion for the quarter. Banco Santander Brasil had a return on equity of 14.54% and a net margin of 14.82%. Analysts expect that Banco Santander Brasil will post 0.97 earnings per share for the current fiscal year.

The firm also recently announced a special dividend, which was paid on Monday, May 6th. Shareholders of record on Tuesday, April 9th were given a dividend of $0.0685 per share. The ex-dividend date of this dividend was Monday, April 8th. Banco Santander Brasil’s payout ratio is 25.56%.

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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Analyst Recommendations for Banco Santander Brasil (NYSE:BSBR)

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