Banco Santander Brasil (BSBR) Lowered to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of Banco Santander Brasil (NYSE:BSBR) from a buy rating to a hold rating in a report published on Thursday, Zacks.com reports.

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. “

Separately, ValuEngine cut shares of Banco Santander Brasil from a buy rating to a hold rating in a report on Friday, March 1st. Seven analysts have rated the stock with a hold rating, Banco Santander Brasil presently has a consensus rating of Hold and a consensus target price of $12.00.

BSBR opened at $11.49 on Thursday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.11. The company has a market cap of $42.29 billion, a P/E ratio of 12.77, a price-to-earnings-growth ratio of 1.12 and a beta of 0.88. Banco Santander Brasil has a fifty-two week low of $7.20 and a fifty-two week high of $13.73.

Banco Santander Brasil (NYSE:BSBR) last posted its quarterly earnings results on Wednesday, March 27th. The bank reported $0.25 earnings per share for the quarter. The business had revenue of $4.09 billion during the quarter. Banco Santander Brasil had a net margin of 14.82% and a return on equity of 14.54%. On average, equities research analysts anticipate that Banco Santander Brasil will post 0.97 earnings per share for the current fiscal year.

The company also recently disclosed a special dividend, which was paid on Monday, May 6th. Investors of record on Tuesday, April 9th were issued a dividend of $0.0685 per share. The ex-dividend date was Monday, April 8th. Banco Santander Brasil’s dividend payout ratio is currently 25.56%.

A number of hedge funds and other institutional investors have recently modified their holdings of BSBR. Checchi Capital Advisers LLC boosted its holdings in shares of Banco Santander Brasil by 4.6% in the fourth quarter. Checchi Capital Advisers LLC now owns 18,213 shares of the bank’s stock valued at $203,000 after buying an additional 804 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Banco Santander Brasil by 33.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,303 shares of the bank’s stock valued at $59,000 after buying an additional 1,322 shares during the period. American Century Companies Inc. boosted its holdings in shares of Banco Santander Brasil by 1.1% in the fourth quarter. American Century Companies Inc. now owns 176,560 shares of the bank’s stock valued at $1,965,000 after buying an additional 1,986 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in shares of Banco Santander Brasil by 21.8% in the first quarter. BNP Paribas Arbitrage SA now owns 11,703 shares of the bank’s stock valued at $131,000 after buying an additional 2,096 shares during the period. Finally, Quantamental Technologies LLC acquired a new position in shares of Banco Santander Brasil in the first quarter valued at approximately $26,000. Hedge funds and other institutional investors own 1.06% of the company’s stock.

Banco Santander Brasil Company Profile

Banco Santander (Brasil) SA provides commercial banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally. It operates through two segments, Commercial Banking and Global Wholesale Banking. The company offers checking and savings accounts; priority services, such as withdrawals, debit cards, deposits, and transfers; onshore and offshore financial products and services, investment advice, and asset management services; consumer credit for purchasing motor vehicles, and other goods and services; local loans, commercial finance, trade finance, guarantees, structured loans, and cash management and funding solutions, as well as Banco Nacional de Desenvolvimento Econômico e Social on-lending transfer services; payroll, mortgage, and agribusiness loans, as well as microcredit; investment products; and credit cards and foreign exchange services.

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