Banco Santander Brasil SA (BSBR) Stock Rating Lowered by ValuEngine
ValuEngine downgraded shares of Banco Santander Brasil SA (NYSE:BSBR) from a buy rating to a hold rating in a research report report published on Tuesday morning.
A number of other research firms also recently commented on BSBR. BidaskClub upgraded Banco Santander Brasil SA from a hold rating to a buy rating in a research note on Wednesday, October 11th. Zacks Investment Research upgraded Banco Santander Brasil SA from a hold rating to a buy rating and set a $10.00 price target for the company in a research note on Wednesday, November 8th. Finally, J P Morgan Chase & Co upgraded Banco Santander Brasil SA from a neutral rating to an overweight rating and lifted their price target for the stock from $8.00 to $10.00 in a research note on Wednesday, November 1st. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $14.25.
Shares of Banco Santander Brasil SA (BSBR) opened at $9.35 on Tuesday. 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 firm has a market capitalization of $35,266.55, a PE ratio of 17.07, a PEG ratio of 0.81 and a beta of 1.52. Banco Santander Brasil SA has a 52 week low of $6.86 and a 52 week high of $11.75.
The company also recently declared 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 an increase from Banco Santander Brasil SA’s previous special dividend of $0.04. The ex-dividend date was Tuesday, October 10th. Banco Santander Brasil SA’s dividend payout ratio (DPR) is 30.91%.
Large investors have recently bought and sold shares of the stock. Mitsubishi UFJ Trust & Banking Corp grew its stake in Banco Santander Brasil SA by 32.5% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 90,046 shares of the bank’s stock worth $678,000 after purchasing an additional 22,100 shares in the last quarter. Nordea Investment Management AB acquired a new position in Banco Santander Brasil SA in the second quarter worth about $171,000. Credit Suisse AG grew its stake in Banco Santander Brasil SA by 85.6% in the first quarter. Credit Suisse AG now owns 473,361 shares of the bank’s stock worth $4,175,000 after purchasing an additional 218,333 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Banco Santander Brasil SA by 236.4% in the second quarter. Goldman Sachs Group Inc. now owns 5,862,453 shares of the bank’s stock worth $44,144,000 after purchasing an additional 4,119,776 shares in the last quarter. Finally, Macquarie Group Ltd. grew its stake in Banco Santander Brasil SA by 2,533.2% in the second quarter. Macquarie Group Ltd. now owns 3,307,300 shares of the bank’s stock worth $24,905,000 after purchasing an additional 3,181,700 shares in the last quarter. Institutional investors and hedge funds own 1.70% of the company’s stock.
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About Banco Santander Brasil SA
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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