Banco Santander Brasil SA (BSBR) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Banco Santander Brasil SA (NYSE:BSBR) from a hold rating to a buy rating in a research report released on Wednesday, October 11th.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research upgraded Banco Santander Brasil SA from a hold rating to a buy rating and set a $9.75 price target on the stock in a research note on Tuesday, August 15th. ValuEngine lowered Banco Santander Brasil SA from a strong-buy rating to a buy rating in a research note on Monday, October 2nd. Finally, Citigroup Inc. upgraded Banco Santander Brasil SA from a sell rating to a neutral rating in a research note on Tuesday, July 4th. Six equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $13.88.

Shares of Banco Santander Brasil SA (BSBR) traded down 1.27% on Wednesday, reaching $9.34. 1,778,827 shares of the company traded hands. The stock has a market capitalization of $35.04 billion, a P/E ratio of 14.15 and a beta of 1.56. Banco Santander Brasil SA has a one year low of $6.86 and a one year high of $11.75. The stock’s 50 day moving average price is $9.13 and its 200-day moving average price is $8.38.

COPYRIGHT VIOLATION NOTICE: “Banco Santander Brasil SA (BSBR) Stock Rating Upgraded by BidaskClub” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be read at https://ledgergazette.com/2017/10/21/banco-santander-brasil-sa-bsbr-upgraded-by-bidaskclub-to-buy.html.

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 issued a dividend of $0.0422 per share. This is an increase from Banco Santander Brasil SA’s previous special dividend of $0.04. The ex-dividend date of this dividend is Tuesday, October 10th. Banco Santander Brasil SA’s payout ratio is 30.91%.

Institutional investors have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Banco Santander Brasil SA by 32.5% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 90,046 shares of the bank’s stock worth $678,000 after purchasing an additional 22,100 shares during the period. Credit Suisse AG lifted its holdings in Banco Santander Brasil SA by 85.6% in the first quarter. Credit Suisse AG now owns 473,361 shares of the bank’s stock valued at $4,175,000 after acquiring an additional 218,333 shares during the period. Goldman Sachs Group Inc. lifted its holdings 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 acquiring an additional 4,119,776 shares during the period. Invictus RG lifted its holdings in Banco Santander Brasil SA by 695.8% in the first quarter. Invictus RG now owns 28,649 shares of the bank’s stock valued at $253,000 after acquiring an additional 25,049 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in Banco Santander Brasil SA in the first quarter valued at approximately $1

Other equities research analysts have also issued research reports about the company. Zacks Investment Research upgraded Banco Santander Brasil SA from a hold rating to a buy rating and set a $9.75 price target on the stock in a research note on Tuesday, August 15th. ValuEngine lowered Banco Santander Brasil SA from a strong-buy rating to a buy rating in a research note on Monday, October 2nd. Finally, Citigroup Inc. upgraded Banco Santander Brasil SA from a sell rating to a neutral rating in a research note on Tuesday, July 4th. Six equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $13.88.

Shares of Banco Santander Brasil SA (BSBR) traded down 1.27% on Wednesday, reaching $9.34. 1,778,827 shares of the company traded hands. The stock has a market capitalization of $35.04 billion, a P/E ratio of 14.15 and a beta of 1.56. Banco Santander Brasil SA has a one year low of $6.86 and a one year high of $11.75. The stock’s 50 day moving average price is $9.13 and its 200-day moving average price is $8.38.

COPYRIGHT VIOLATION NOTICE: “Banco Santander Brasil SA (BSBR) Stock Rating Upgraded by BidaskClub” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be read at https://ledgergazette.com/2017/10/21/banco-santander-brasil-sa-bsbr-upgraded-by-bidaskclub-to-buy.html.

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 issued a dividend of $0.0422 per share. This is an increase from Banco Santander Brasil SA’s previous special dividend of $0.04. The ex-dividend date of this dividend is Tuesday, October 10th. Banco Santander Brasil SA’s payout ratio is 30.91%.

Institutional investors have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Banco Santander Brasil SA by 32.5% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 90,046 shares of the bank’s stock worth $678,000 after purchasing an additional 22,100 shares during the period. Credit Suisse AG lifted its holdings in Banco Santander Brasil SA by 85.6% in the first quarter. Credit Suisse AG now owns 473,361 shares of the bank’s stock valued at $4,175,000 after acquiring an additional 218,333 shares during the period. Goldman Sachs Group Inc. lifted its holdings 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 acquiring an additional 4,119,776 shares during the period. Invictus RG lifted its holdings in Banco Santander Brasil SA by 695.8% in the first quarter. Invictus RG now owns 28,649 shares of the bank’s stock valued at $253,000 after acquiring an additional 25,049 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in Banco Santander Brasil SA in the first quarter valued at approximately $1,775,000. 1.66% of the stock is owned by hedge funds and other institutional investors.

Banco Santander Brasil SA 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.

Analyst Recommendations for Banco Santander Brasil SA (NYSE:BSBR)

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