Banco Santander Brasil SA (BSBR) Receives Average Rating of “Hold” from Analysts
Banco Santander Brasil SA (NYSE:BSBR) has been given an average rating of “Hold” by the ten ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $15.67.
Several equities analysts have recently commented on BSBR shares. Zacks Investment Research cut shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. BidaskClub lowered shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. ValuEngine lowered shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a research note on Tuesday, November 21st. Finally, Citigroup lowered shares of Banco Santander Brasil from a “neutral” rating to a “sell” rating in a research note on Thursday.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wright Investors Service Inc. acquired a new stake in Banco Santander Brasil during the third quarter worth about $106,000. Jane Street Group LLC acquired a new stake in shares of Banco Santander Brasil in the fourth quarter valued at approximately $130,000. Trexquant Investment LP increased its stake in shares of 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 period. Stifel Financial Corp increased its stake in shares of Banco Santander Brasil by 153.9% in the second quarter. Stifel Financial Corp now owns 26,348 shares of the bank’s stock valued at $198,000 after purchasing an additional 15,969 shares during the period. Finally, Advisory Services Network LLC increased its stake in shares of 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 period. Hedge funds and other institutional investors own 1.66% of the company’s stock.
The firm also recently disclosed a special dividend, which will be paid on Monday, March 5th. Investors of record on Tuesday, January 9th will be paid a dividend of $0.1856 per share. This is a positive change from Banco Santander Brasil’s previous special dividend of $0.04. The ex-dividend date is Monday, January 8th. Banco Santander Brasil’s dividend payout ratio is 39.73%.
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About Banco Santander Brasil
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.
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