Banco Santander Brasil SA (NYSE:BSBR) Given Average Recommendation of “Hold” by Brokerages

Banco Santander Brasil SA (NYSE:BSBR) has been assigned a consensus recommendation of “Hold” from the five ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $5.35.

BSBR has been the topic of a number of recent research reports. Wall Street Zen raised Banco Santander Brasil from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. The Goldman Sachs Group lowered Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Banco Santander Brasil in a research report on Wednesday.

Institutional Investors Weigh In On Banco Santander Brasil

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BSBR. Millennium Management LLC lifted its stake in shares of Banco Santander Brasil by 2,671.0% in the 3rd quarter. Millennium Management LLC now owns 326,451 shares of the bank’s stock valued at $1,825,000 after purchasing an additional 314,670 shares during the last quarter. Citadel Advisors LLC lifted its position in Banco Santander Brasil by 821.9% in the third quarter. Citadel Advisors LLC now owns 183,769 shares of the bank’s stock valued at $1,027,000 after buying an additional 163,835 shares during the last quarter. Bank of America Corp DE boosted its stake in Banco Santander Brasil by 8.4% during the third quarter. Bank of America Corp DE now owns 316,047 shares of the bank’s stock worth $1,767,000 after buying an additional 24,404 shares during the period. Alliancebernstein L.P. increased its position in shares of Banco Santander Brasil by 99.6% during the third quarter. Alliancebernstein L.P. now owns 327,261 shares of the bank’s stock valued at $1,829,000 after acquiring an additional 163,314 shares during the last quarter. Finally, Brooklyn Investment Group lifted its holdings in shares of Banco Santander Brasil by 548.6% in the 3rd quarter. Brooklyn Investment Group now owns 51,616 shares of the bank’s stock worth $289,000 after acquiring an additional 43,658 shares during the last quarter. Institutional investors and hedge funds own 14.53% of the company’s stock.

Banco Santander Brasil Stock Performance

Shares of Banco Santander Brasil stock traded up $0.07 on Friday, hitting $6.14. 411,855 shares of the company were exchanged, compared to its average volume of 627,622. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 3.28. The company has a 50-day moving average price of $5.63 and a 200 day moving average price of $5.33. Banco Santander Brasil has a 1-year low of $3.75 and a 1-year high of $6.43.

Banco Santander Brasil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Thursday, October 23rd were paid a $0.0983 dividend. This is a positive change from Banco Santander Brasil’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Thursday, October 23rd. This represents a $0.39 annualized dividend and a dividend yield of 6.4%.

Banco Santander Brasil Company Profile

Banco Santander (Brasil) SA, together with its subsidiaries, provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally. The company operates through Commercial Banking and Global Wholesale Banking segments. It offers local loans, commercial financing options, development bank funds, and cash management services; export and import financing, guarantees, structuring of asset services.