Banco Santander Brasil SA (BSBR) Upgraded by BidaskClub to “Buy”

BidaskClub upgraded shares of Banco Santander Brasil SA (NYSE:BSBR) from a hold rating to a buy rating in a research note published on Wednesday.

BSBR has been the subject of a number of other research reports. Zacks Investment Research downgraded Banco Santander Brasil SA from a buy rating to a hold rating in a research report on Monday, September 11th. ValuEngine upgraded Banco Santander Brasil SA from a buy rating to a strong-buy rating in a research report on Friday, September 1st. Finally, Citigroup Inc. upgraded Banco Santander Brasil SA from a sell rating to a neutral rating in a research report on Tuesday, July 4th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Banco Santander Brasil SA has a consensus rating of Hold and a consensus target price of $13.56.

Shares of Banco Santander Brasil SA (NYSE BSBR) traded down 0.267% on Wednesday, reaching $9.335. 508,417 shares of the company were exchanged. The stock’s 50-day moving average is $9.00 and its 200 day moving average is $8.35. Banco Santander Brasil SA has a 12-month low of $6.86 and a 12-month high of $11.75. The firm has a market capitalization of $35.02 billion, a PE ratio of 14.144 and a beta of 1.56.

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The company also recently announced a special dividend, which will be paid on Thursday, November 2nd. Investors of record on Wednesday, October 11th will be given a $0.0422 dividend. This is an increase from Banco Santander Brasil SA’s previous special dividend of $0.04. The ex-dividend date is Tuesday, October 10th. Banco Santander Brasil SA’s payout ratio is presently 30.91%.

Large investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership lifted its position in Banco Santander Brasil SA by 73.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 9,351,744 shares of the bank’s stock valued at $70,419,000 after purchasing an additional 3,960,380 shares during the last quarter. Numeric Investors LLC lifted its position in Banco Santander Brasil SA by 497.3% in the second quarter. Numeric Investors LLC now owns 7,813,307 shares of the bank’s stock valued at $58,834,000 after purchasing an additional 6,505,126 shares during the last quarter. Vanguard Group Inc. lifted its position in Banco Santander Brasil SA by 13.8% in the second quarter. Vanguard Group Inc. now owns 6,158,527 shares of the bank’s stock valued at $46,374,000 after purchasing an additional 747,173 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Banco Santander Brasil SA by 236.4% in the second quarter. Goldman Sachs Group Inc. now owns 5,862,453 shares of the bank’s stock valued at $44,144,000 after purchasing an additional 4,119,776 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its position in Banco Santander Brasil SA by 2,533.2% in the second quarter. Macquarie Group Ltd. now owns 3,307,300 shares of the bank’s stock valued at $24,905,000 after purchasing an additional 3,181,700 shares during the last quarter. Institutional investors own 1.66% of the company’s stock.

About Banco Santander Brasil SA

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.

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