Shares of Banco Santander Brasil SA (NYSE:BSBR) have been assigned a consensus recommendation of “Hold” from the twelve analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $13.15.

Several equities analysts have issued reports on the stock. BidaskClub raised shares of Banco Santander Brasil SA from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. HSBC Holdings plc raised shares of Banco Santander Brasil SA from a “reduce” rating to a “hold” rating in a research note on Thursday, May 18th. Bank of America Corporation raised shares of Banco Santander Brasil SA from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $18.00 to $29.00 in a research note on Tuesday, May 2nd. Zacks Investment Research cut shares of Banco Santander Brasil SA from a “buy” rating to a “hold” rating in a research note on Thursday, April 27th. Finally, Citigroup Inc. raised shares of Banco Santander Brasil SA from a “sell” rating to a “neutral” rating in a research note on Tuesday, July 4th.

Banco Santander Brasil SA (NYSE BSBR) opened at 8.54 on Friday. Banco Santander Brasil SA has a 12-month low of $6.40 and a 12-month high of $11.75. The stock has a market capitalization of $32.04 billion, a P/E ratio of 12.71 and a beta of 1.55. The firm’s 50-day moving average is $8.05 and its 200 day moving average is $8.84.

The firm also recently disclosed a None dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 7th will be given a $0.036 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This is a positive change from Banco Santander Brasil SA’s previous None dividend of $0.04. Banco Santander Brasil SA’s payout ratio is currently 29.55%.

Several large investors have recently added to or reduced their stakes in BSBR. NN Investment Partners Holdings N.V. acquired a new stake in Banco Santander Brasil SA during the first quarter valued at approximately $118,000. Koch Industries Inc. acquired a new stake in Banco Santander Brasil SA during the first quarter valued at approximately $121,000. Trexquant Investment LP acquired a new stake in Banco Santander Brasil SA during the second quarter valued at approximately $119,000. Citigroup Inc. raised its stake in Banco Santander Brasil SA by 3.7% in the second quarter. Citigroup Inc. now owns 15,961 shares of the bank’s stock valued at $120,000 after buying an additional 566 shares in the last quarter. Finally, Boston Partners acquired a new stake in Banco Santander Brasil SA during the first quarter valued at approximately $155,000. Institutional investors and hedge funds own 0.88% of the company’s stock.

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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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