Banco Santander Brasil (NYSE:BSBR) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Banco Santander Brasil (NYSE:BSBR) from a buy rating to a hold rating in a research report report published on Monday, 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, Goldman Sachs Group lowered shares of SUMCO CORP/ADR from a buy rating to a neutral rating in a research report on Monday, June 10th. Five research analysts have rated the stock with a hold rating, Banco Santander Brasil currently has a consensus rating of Hold and a consensus price target of $12.50.

Shares of NYSE:BSBR opened at $12.35 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.11. The stock’s fifty day moving average is $11.61. Banco Santander Brasil has a fifty-two week low of $7.77 and a fifty-two week high of $13.73. The company has a market capitalization of $46.45 billion, a price-to-earnings ratio of 13.47, a price-to-earnings-growth ratio of 1.23 and a beta of 0.80.

Banco Santander Brasil (NYSE:BSBR) last issued its earnings results on Tuesday, April 30th. The bank reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. Banco Santander Brasil had a net margin of 14.82% and a return on equity of 14.54%. The firm had revenue of $4.02 billion during the quarter. Equities research analysts anticipate that Banco Santander Brasil will post 0.97 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Tuesday, July 9th will be given a dividend of $0.059 per share. The ex-dividend date of this dividend is Monday, July 8th. This represents a $0.24 annualized dividend and a yield of 1.91%. This is a positive change from Banco Santander Brasil’s previous quarterly dividend of $0.04. Banco Santander Brasil’s dividend payout ratio (DPR) is 26.67%.

A number of hedge funds have recently added to or reduced their stakes in BSBR. Marshall Wace North America L.P. purchased a new stake in Banco Santander Brasil in the 1st quarter worth $1,280,000. Advisors Asset Management Inc. purchased a new stake in shares of Banco Santander Brasil during the first quarter worth $185,000. NumerixS Investment Technologies Inc grew its holdings in shares of Banco Santander Brasil by 61.1% during the first quarter. NumerixS Investment Technologies Inc now owns 23,200 shares of the bank’s stock worth $258,000 after buying an additional 8,800 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Banco Santander Brasil during the first quarter worth $938,000. Finally, NS Partners Ltd purchased a new stake in shares of Banco Santander Brasil during the first quarter worth $674,000. Institutional investors and hedge funds own 1.06% of the company’s stock.

About Banco Santander Brasil

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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