BidaskClub downgraded shares of Banco Santander Brasil SA (NYSE:BSBR) from a buy rating to a hold rating in a research report sent to investors on Friday morning.

Several other equities analysts have also recently commented on the company. Credit Suisse Group raised Banco Santander Brasil SA from a neutral rating to an outperform rating in a report on Tuesday, April 18th. Bank of America Corporation raised Banco Santander Brasil SA from an underperform rating to a neutral rating and upped their price target for the company from $18.00 to $29.00 in a report on Tuesday, May 2nd. Zacks Investment Research cut Banco Santander Brasil SA from a buy rating to a hold rating in a report on Thursday, April 27th. Deutsche Bank AG raised Banco Santander Brasil SA from a sell rating to a hold rating and set a $8.00 price target for the company in a report on Thursday, April 27th. Finally, Citigroup Inc. raised Banco Santander Brasil SA from a sell rating to a neutral rating in a report on Friday, April 7th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $12.22.

Banco Santander Brasil SA (NYSE BSBR) opened at 8.13 on Friday. The stock has a 50 day moving average price of $7.80 and a 200 day moving average price of $8.91. Banco Santander Brasil SA has a 12 month low of $5.95 and a 12 month high of $11.75. The firm has a market cap of $30.57 billion, a price-to-earnings ratio of 12.74 and a beta of 1.54.

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The business also recently announced a None dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 7th will be issued a $0.036 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This is a boost from Banco Santander Brasil SA’s previous None dividend of $0.04. Banco Santander Brasil SA’s dividend payout ratio is presently 20.46%.

Several institutional investors have recently modified their holdings of the company. NN Investment Partners Holdings N.V. bought a new position in shares of Banco Santander Brasil SA during the first quarter worth about $118,000. Koch Industries Inc. bought a new position in shares of Banco Santander Brasil SA during the first quarter worth about $121,000. Boston Partners bought a new position in shares of Banco Santander Brasil SA during the first quarter worth about $155,000. Two Sigma Securities LLC bought a new position in shares of Banco Santander Brasil SA during the first quarter worth about $155,000. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of Banco Santander Brasil SA during the first quarter worth about $196,000. 0.87% of the stock is 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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