ValuEngine Downgrades Banco Santander Brasil (BSBR) to Hold

Banco Santander Brasil (NYSE:BSBR) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Several other analysts have also recently commented on the stock. Zacks Investment Research cut shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. BidaskClub cut shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, JPMorgan Chase & Co. raised shares of Banco Santander Brasil from a “neutral” rating to an “overweight” rating and increased their price target for the company from $8.00 to $10.00 in a research note on Wednesday, November 1st. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Banco Santander Brasil currently has a consensus rating of “Hold” and an average price target of $15.00.

Shares of Banco Santander Brasil (NYSE:BSBR) opened at $11.13 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market cap of $40,640.00, a PE ratio of 17.39, a price-to-earnings-growth ratio of 1.07 and a beta of 1.65. Banco Santander Brasil has a 52 week low of $6.86 and a 52 week high of $11.75.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Citigroup Inc. lifted its holdings in Banco Santander Brasil 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 during the period. Advisor Group Inc. lifted its holdings in Banco Santander Brasil by 5.8% in the second quarter. Advisor Group Inc. now owns 21,268 shares of the bank’s stock valued at $120,000 after buying an additional 1,166 shares during the period. Trexquant Investment LP lifted its holdings in Banco Santander Brasil by 60.0% in the third quarter. Trexquant Investment LP now owns 25,353 shares of the bank’s stock valued at $222,000 after buying an additional 9,506 shares during the period. State Street Corp lifted its holdings in Banco Santander Brasil by 1.2% in the second quarter. State Street Corp now owns 804,077 shares of the bank’s stock valued at $6,055,000 after buying an additional 9,652 shares during the period. Finally, Wright Investors Service Inc. acquired a new position in Banco Santander Brasil in the third quarter valued at approximately $106,000. Institutional investors and hedge funds own 1.58% of the company’s stock.

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Banco Santander Brasil 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Banco Santander Brasil (NYSE:BSBR)

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