Banco Santander Brasil (BSBR) Lowered to “Hold” at Zacks Investment Research

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Zacks Investment Research lowered shares of Banco Santander Brasil (NYSE:BSBR) from a buy rating to a hold rating in a report released on Tuesday morning, Zacks.com 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, ValuEngine cut Banco Santander Brasil from a buy rating to a hold rating in a research report on Friday, March 1st. Seven analysts have rated the stock with a hold rating, The stock has a consensus rating of Hold and a consensus target price of $12.50.

Shares of NYSE:BSBR traded down $0.18 during trading on Tuesday, hitting $10.22. The stock had a trading volume of 22,456 shares, compared to its average volume of 746,959. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.11. The stock has a market cap of $40.19 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 1.06 and a beta of 0.88. Banco Santander Brasil has a 12-month low of $7.20 and a 12-month high of $13.73.

Banco Santander Brasil (NYSE:BSBR) last announced its quarterly earnings results on Wednesday, March 27th. The bank reported $0.25 earnings per share for the quarter. The company had revenue of $4.09 billion during the quarter. Banco Santander Brasil had a return on equity of 14.54% and a net margin of 14.82%. As a group, equities analysts anticipate that Banco Santander Brasil will post 0.97 EPS for the current fiscal year.

The firm also recently disclosed a special dividend, which was paid on Monday, May 6th. Stockholders of record on Tuesday, April 9th were given a $0.0685 dividend. The ex-dividend date was Monday, April 8th. Banco Santander Brasil’s dividend payout ratio (DPR) is presently 25.56%.

Several institutional investors have recently bought and sold shares of the company. Quantamental Technologies LLC acquired a new position in Banco Santander Brasil during the 1st quarter worth approximately $26,000. Advisors Preferred LLC acquired a new position in Banco Santander Brasil during the fourth quarter worth $47,000. PNC Financial Services Group Inc. raised its position in Banco Santander Brasil by 33.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,303 shares of the bank’s stock valued at $59,000 after purchasing an additional 1,322 shares during the period. Quadrant Capital Group LLC purchased a new stake in Banco Santander Brasil in the fourth quarter valued at $101,000. Finally, Paloma Partners Management Co purchased a new stake in Banco Santander Brasil in the fourth quarter valued at $118,000. Institutional investors and hedge funds own 1.09% 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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