Banco Santander Brasil SA (NYSE:BSBR) has earned a consensus recommendation of “Hold” from the six brokerages that are presently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold recommendation. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $12.00.

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. cut Banco Santander Brasil from an “overweight” rating to a “neutral” rating and set a $12.00 price target for the company. in a report on Thursday, June 7th. ValuEngine raised Banco Santander Brasil from a “hold” rating to a “buy” rating in a report on Friday, July 20th. Citigroup raised Banco Santander Brasil from a “sell” rating to a “neutral” rating in a report on Tuesday, June 5th. Zacks Investment Research raised Banco Santander Brasil from a “sell” rating to a “hold” rating in a report on Wednesday, August 1st. Finally, Credit Suisse Group cut Banco Santander Brasil from an “outperform” rating to a “neutral” rating in a report on Tuesday, June 12th.

Several institutional investors have recently made changes to their positions in BSBR. Hsbc Holdings PLC acquired a new position in shares of Banco Santander Brasil during the first quarter valued at approximately $24,040,000. Renaissance Technologies LLC raised its holdings in shares of Banco Santander Brasil by 83.0% during the second quarter. Renaissance Technologies LLC now owns 2,417,100 shares of the bank’s stock valued at $18,128,000 after acquiring an additional 1,096,200 shares during the last quarter. Pinebridge Investments L.P. raised its holdings in shares of Banco Santander Brasil by 96.3% during the second quarter. Pinebridge Investments L.P. now owns 626,401 shares of the bank’s stock valued at $4,698,000 after acquiring an additional 307,246 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Banco Santander Brasil by 9.6% during the second quarter. Northern Trust Corp now owns 1,572,743 shares of the bank’s stock valued at $11,796,000 after acquiring an additional 137,675 shares during the last quarter. Finally, Advisory Services Network LLC raised its holdings in shares of Banco Santander Brasil by 216.1% during the second quarter. Advisory Services Network LLC now owns 167,396 shares of the bank’s stock valued at $1,565,000 after acquiring an additional 114,438 shares during the last quarter. 1.10% of the stock is owned by institutional investors and hedge funds.

NYSE BSBR traded up $0.02 during trading hours on Thursday, reaching $8.72. The company’s stock had a trading volume of 78,483 shares, compared to its average volume of 1,246,480. The stock has a market capitalization of $33.86 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 0.80 and a beta of 1.62. Banco Santander Brasil has a 1-year low of $7.20 and a 1-year high of $12.11.

Banco Santander Brasil (NYSE:BSBR) last released its quarterly earnings results on Wednesday, July 25th. The bank reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The business had revenue of $4.11 billion during the quarter. Banco Santander Brasil had a return on equity of 11.68% and a net margin of 12.16%. equities analysts anticipate that Banco Santander Brasil will post 0.93 EPS for the current fiscal year.

About Banco Santander Brasil

Banco Santander (Brasil) SA provides banking products and services in Brazil and internationally. The company operates in two segments, Commercial Banking and Global Wholesale Banking. It offers savings and investment products, annuities, loans and advances, mortgage loans, credit cards, pension plans, and social securities, as well as leasing and foreign exchange services.

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