Banco Santander Brasil SA (NYSE:BSBR) Receives Consensus Recommendation of “Hold” from Brokerages

by · The Cerbat Gem

Banco Santander Brasil SA (NYSE:BSBR – Get Free Report) has been given an average recommendation of “Hold” by the four ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $4.70.

Several research analysts have issued reports on the company. The Goldman Sachs Group downgraded Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Banco Santander Brasil in a research note on Tuesday. Finally, Wall Street Zen upgraded Banco Santander Brasil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th.

View Our Latest Report on BSBR

Banco Santander Brasil Price Performance

Shares of BSBR stock opened at $6.44 on Friday. Banco Santander Brasil has a 1 year low of $3.75 and a 1 year high of $6.49. 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 firm’s 50 day moving average is $5.72 and its 200-day moving average is $5.37.

Banco Santander Brasil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Thursday, October 23rd were issued a dividend of $0.0983 per share. The ex-dividend date of this dividend was Thursday, October 23rd. This represents a $0.39 dividend on an annualized basis and a yield of 6.1%. This is a boost from Banco Santander Brasil’s previous quarterly dividend of $0.07.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Hantz Financial Services Inc. grew its stake in shares of Banco Santander Brasil by 553.9% during the second quarter. Hantz Financial Services Inc. now owns 6,997 shares of the bank’s stock worth $38,000 after purchasing an additional 5,927 shares during the period. Cubist Systematic Strategies LLC bought a new position in Banco Santander Brasil during the first quarter worth about $46,000. Vident Advisory LLC acquired a new position in shares of Banco Santander Brasil during the 1st quarter worth about $50,000. Public Employees Retirement System of Ohio increased its stake in shares of Banco Santander Brasil by 48.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,617 shares of the bank’s stock valued at $63,000 after acquiring an additional 3,813 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Banco Santander Brasil in the 2nd quarter valued at about $70,000. Institutional investors and hedge funds own 14.53% of the company’s stock.

About Banco Santander Brasil

(Get Free Report)

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.

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