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

Banco Santander Brasil (NYSE:BSBR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

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. “

BSBR has been the topic of several other reports. ValuEngine raised Banco Santander Brasil from a “hold” rating to a “buy” rating in a research report on Monday, October 8th. Morgan Stanley raised Banco Santander Brasil from an “underweight” rating to an “equal weight” rating in a research report on Friday, November 9th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $12.00.

Shares of BSBR stock traded down $0.18 on Friday, hitting $11.20. 569,700 shares of the stock traded hands, compared to its average volume of 1,410,160. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.11. The firm has a market cap of $42.14 billion, a P/E ratio of 15.34, a P/E/G ratio of 1.07 and a beta of 0.96. Banco Santander Brasil has a 1-year low of $7.20 and a 1-year high of $12.25.

Several hedge funds have recently bought and sold shares of BSBR. Eqis Capital Management Inc. acquired a new stake in shares of Banco Santander Brasil during the 2nd quarter valued at approximately $682,000. Aperio Group LLC increased its position in Banco Santander Brasil by 19.1% in the second quarter. Aperio Group LLC now owns 253,935 shares of the bank’s stock worth $1,905,000 after buying an additional 40,675 shares during the period. Sei Investments Co. increased its position in Banco Santander Brasil by 16.6% in the second quarter. Sei Investments Co. now owns 63,957 shares of the bank’s stock worth $480,000 after buying an additional 9,102 shares during the period. Russell Investments Group Ltd. increased its position in Banco Santander Brasil by 2.1% in the second quarter. Russell Investments Group Ltd. now owns 1,701,340 shares of the bank’s stock worth $12,724,000 after buying an additional 35,290 shares during the period. Finally, Segall Bryant & Hamill LLC acquired a new stake in Banco Santander Brasil in the second quarter worth $625,000. 1.10% of the stock is currently owned by institutional investors and hedge funds.

About Banco Santander Brasil

Banco Santander (Brasil) SA provides banking products and services in Brazil and internationally. The company operates in two segments, Commercial Banking and Global Wholesale Banking. It offers savings and investment products, annuities, loans and advances, mortgage loans, credit cards, pension plans, and social securities, as well as leasing and foreign exchange services.

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