BidaskClub cut shares of Banco Santander Brasil SA (NYSE:BSBR) from a buy rating to a hold rating in a report published on Tuesday morning.
Several other research analysts have also recently weighed in on BSBR. ValuEngine upgraded Banco Santander Brasil SA from a buy rating to a strong-buy rating in a research report on Friday, September 1st. Zacks Investment Research cut Banco Santander Brasil SA from a buy rating to a hold rating in a research report on Monday, September 11th. Finally, J P Morgan Chase & Co upgraded Banco Santander Brasil SA from a neutral rating to an overweight rating and raised their price target for the stock from $8.00 to $10.00 in a research report on Wednesday, November 1st. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $14.25.
Shares of Banco Santander Brasil SA (BSBR) traded up $0.38 during trading on Tuesday, reaching $9.04. The company’s stock had a trading volume of 1,284,500 shares, compared to its average volume of 2,240,309. Banco Santander Brasil SA has a fifty-two week low of $6.86 and a fifty-two week high of $11.75. The firm has a market cap of $32,524.85, a P/E ratio of 15.74, a price-to-earnings-growth ratio of 0.75 and a beta of 1.52. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.09.
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The business also recently disclosed 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 a positive change from Banco Santander Brasil SA’s previous special dividend of $0.04. The ex-dividend date of this dividend was Tuesday, October 10th. Banco Santander Brasil SA’s payout ratio is currently 30.91%.
Several institutional investors have recently bought and sold shares of BSBR. Wright Investors Service Inc. bought a new stake in Banco Santander Brasil SA in the third quarter worth approximately $106,000. Trexquant Investment LP bought a new stake in Banco Santander Brasil SA in the second quarter worth approximately $119,000. Citigroup Inc. increased its holdings in Banco Santander Brasil SA by 3.7% in the second quarter. Citigroup Inc. now owns 15,961 shares of the bank’s stock worth $120,000 after purchasing an additional 566 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Banco Santander Brasil SA by 135.1% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 18,793 shares of the bank’s stock worth $136,000 after purchasing an additional 10,800 shares in the last quarter. Finally, Advisor Group Inc. increased its holdings in Banco Santander Brasil SA by 5.8% in the second quarter. Advisor Group Inc. now owns 21,268 shares of the bank’s stock worth $120,000 after purchasing an additional 1,166 shares in the last quarter. 1.63% of the stock is currently owned by institutional investors.
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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