Banco Santander Brasil (NYSE:BSBR) Upgraded to “Hold” at ValuEngine

Banco Santander Brasil (NYSE:BSBR) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a report released on Monday, ValuEngine reports.

A number of other brokerages also recently weighed in on BSBR. Zacks Investment Research downgraded Banco Santander Brasil from a “hold” rating to a “sell” rating in a report on Monday, October 14th. Morgan Stanley upgraded Banco Santander Brasil from an “equal” rating to a “weight” rating in a report on Wednesday, August 7th. Finally, Citigroup upgraded Banco Santander Brasil from a “neutral” rating to a “buy” rating in a report on Tuesday, August 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $12.50.

NYSE BSBR traded down $0.02 on Monday, reaching $11.09. The company had a trading volume of 588,400 shares, compared to its average volume of 886,695. The firm has a market cap of $41.37 billion, a price-to-earnings ratio of 12.32, a P/E/G ratio of 1.28 and a beta of 0.81. Banco Santander Brasil has a fifty-two week low of $9.68 and a fifty-two week high of $13.73. The business has a 50 day moving average of $10.83 and a two-hundred day moving average of $11.22. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.14 and a quick ratio of 0.14.

Banco Santander Brasil (NYSE:BSBR) last posted its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.23 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.23. The business had revenue of $4.08 billion during the quarter. Banco Santander Brasil had a return on equity of 14.88% and a net margin of 15.45%. As a group, research analysts predict that Banco Santander Brasil will post 0.96 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of the business. Signaturefd LLC grew its holdings in Banco Santander Brasil by 114.0% during the 3rd quarter. Signaturefd LLC now owns 3,824 shares of the bank’s stock worth $42,000 after acquiring an additional 2,037 shares during the period. Provida Pension Fund Administrator bought a new position in shares of Banco Santander Brasil during the 2nd quarter worth about $1,407,000. Royal Bank of Canada boosted its position in shares of Banco Santander Brasil by 142.3% during the 2nd quarter. Royal Bank of Canada now owns 39,267 shares of the bank’s stock worth $467,000 after purchasing an additional 23,059 shares in the last quarter. Susquehanna Fundamental Investments LLC boosted its position in shares of Banco Santander Brasil by 22.7% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 21,100 shares of the bank’s stock worth $250,000 after purchasing an additional 3,900 shares in the last quarter. Finally, Voloridge Investment Management LLC bought a new position in shares of Banco Santander Brasil during the 2nd quarter worth about $582,000. Hedge funds and other institutional investors own 1.07% 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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