J P Morgan Chase & Co upgraded shares of Banco Santander Brasil SA (NYSE:BSBR) from a neutral rating to an overweight rating in a report issued on Wednesday, MarketBeat Ratings reports. The brokerage currently has $10.00 price objective on the bank’s stock, up from their previous price objective of $8.00.

BSBR has been the topic of several other reports. Zacks Investment Research raised shares of Banco Santander Brasil SA from a hold rating to a buy rating and set a $9.75 target price on the stock in a report on Tuesday, August 15th. BidaskClub cut shares of Banco Santander Brasil SA from a buy rating to a hold rating in a report on Friday, July 28th. ValuEngine cut shares of Banco Santander Brasil SA from a strong-buy rating to a buy rating in a report on Monday, October 2nd. Finally, Citigroup Inc raised shares of Banco Santander Brasil SA from a sell rating to a neutral rating in a report on Tuesday, July 4th. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $14.50.

Shares of Banco Santander Brasil SA (NYSE BSBR) opened at $8.80 on Wednesday. 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 stock has a market cap of $33.31 billion, a price-to-earnings ratio of 16.13 and a beta of 1.52.

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The company also recently disclosed 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 boost from Banco Santander Brasil SA’s previous special dividend of $0.04. The ex-dividend date of this dividend was Tuesday, October 10th. Banco Santander Brasil SA’s dividend payout ratio (DPR) is 30.91%.

A number of large investors have recently made changes to their positions in the stock. Wright Investors Service Inc. bought a new position in Banco Santander Brasil SA in the third quarter valued at approximately $106,000. Nationwide Fund Advisors bought a new position in Banco Santander Brasil SA in the third quarter valued at approximately $1,839,000. Dynamic Technology Lab Private Ltd increased its stake in Banco Santander Brasil SA by 86.6% in the second quarter. Dynamic Technology Lab Private Ltd now owns 64,535 shares of the bank’s stock valued at $486,000 after acquiring an additional 29,955 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Banco Santander Brasil SA by 20.7% in the second quarter. Tower Research Capital LLC TRC now owns 37,851 shares of the bank’s stock valued at $285,000 after acquiring an additional 6,482 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in Banco Santander Brasil SA by 73.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 9,351,744 shares of the bank’s stock valued at $70,419,000 after acquiring an additional 3,960,380 shares during the last quarter. 1.66% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander Brasil SA 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 SA (NYSE:BSBR)

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