Zacks Investment Research upgraded shares of Santander Brasil (NYSE:BSBR) from a hold rating to a buy rating in a research note published on Thursday morning. Zacks Investment Research currently has $12.00 target price on the bank’s stock.
According to Zacks, “Banco Santander, S.A. is a retail and commercial bank. The Banks segments include Continental Europe, the United Kingdom, Latin America and the United States. The Continental Europe segment covers all businesses in the Continental Europe. The United Kingdom segment includes the businesses developed by various units and branches in the country. The Latin America segment embraces all its financial activities conducted through its banks and subsidiaries in the region. The United States segment includes the Intermediate Holding Company (IHC) and its subsidiaries Santander Bank, Banco Santander Puerto Rico, Santander Consumer USA, Banco Santander International, Santander Investment Securities, and the Santander branch in New York. The Company’s commercial model satisfies the needs of all types of customers: individuals with various income levels. “
Other research analysts have also issued research reports about the company. ValuEngine upgraded Santander Brasil from a hold rating to a buy rating in a research report on Wednesday, March 7th. Citigroup lowered Santander Brasil from a neutral rating to a sell rating in a research report on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Santander Brasil has an average rating of Hold and an average target price of $14.75.
Shares of Santander Brasil stock traded up $0.18 during trading on Thursday, reaching $11.08. 387,159 shares of the stock traded hands, compared to its average volume of 1,315,459. The firm has a market cap of $40,829.51, a price-to-earnings ratio of 17.29, a PEG ratio of 1.05 and a beta of 1.53. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.10. Santander Brasil has a 52-week low of $6.86 and a 52-week high of $12.11.
The business also recently declared a special dividend, which will be paid on Thursday, May 3rd. Investors of record on Thursday, April 12th will be given a $0.0483 dividend. The ex-dividend date is Wednesday, April 11th. This represents a yield of 6.92%. Santander Brasil’s dividend payout ratio is currently 21.92%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new stake in Santander Brasil in the fourth quarter worth about $130,000. Advisory Services Network LLC lifted its stake in Santander Brasil by 6,501.6% in the fourth quarter. Advisory Services Network LLC now owns 49,182 shares of the bank’s stock worth $476,000 after purchasing an additional 48,437 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in Santander Brasil in the fourth quarter worth about $499,000. Mackenzie Financial Corp bought a new stake in Santander Brasil in the fourth quarter worth about $770,000. Finally, American Century Companies Inc. bought a new stake in Santander Brasil in the fourth quarter worth about $1,519,000. Institutional investors own 1.60% of the company’s stock.
About Santander Brasil
Banco Santander (Brasil) SA provides banking products and services in Brazil and internationally. The company operates in two segments, Commercial Banking and Global Wholesale Banking. It offers savings and investment products, annuities, loans and advances, mortgage loans, credit cards, pension plans, and social securities, as well as leasing and foreign exchange services.
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