Banco Santander (Brasil) S.A. (NYSE:BSBR) Receives Average Rating of “Hold” from Brokerages

Banco Santander (Brasil) S.A. (NYSE:BSBR – Get Rating) has been assigned a consensus rating of “Hold” from the six brokerages that are covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $6.00.

Several research analysts have recently commented on the company. Barclays initiated coverage on Banco Santander (Brasil) in a report on Monday, January 24th. They set an “equal weight” rating and a $6.00 price target on the stock. Zacks Investment Research downgraded Banco Santander (Brasil) from a “buy” rating to a “hold” rating in a research report on Friday, May 13th. StockNews.com initiated coverage on shares of Banco Santander (Brasil) in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, TheStreet upgraded shares of Banco Santander (Brasil) from a “c+” rating to a “b-” rating in a report on Friday, March 25th.

NYSE:BSBR opened at $6.70 on Friday. Banco Santander has a 1 year low of $5.18 and a 1 year high of $9.27. The firm has a market capitalization of $25.12 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 0.75 and a beta of 0.96. The business has a 50 day simple moving average of $7.06 and a 200-day simple moving average of $6.31.

Banco Santander (Brasil) (NYSE:BSBR – Get Rating) last announced its earnings results on Thursday, February 24th. The bank reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $3.31 billion. Banco Santander (Brasil) had a net margin of 12.01% and a return on equity of 12.41%. On average, analysts expect that Banco Santander will post 0.91 earnings per share for the current year.

The firm also recently disclosed a Variable dividend, which will be paid on Monday, May 23rd. Stockholders of record on Monday, April 25th will be issued a dividend of $0.0352 per share. This represents a dividend yield of 5.55%. The ex-dividend date is Friday, April 22nd. Banco Santander (Brasil)’s dividend payout ratio (DPR) is 92.50%.

A number of institutional investors have recently modified their holdings of BSBR. Wells Fargo & Company MN boosted its stake in Banco Santander (Brasil) by 400.6% in the second quarter. Wells Fargo & Company MN now owns 4,435 shares of the bank’s stock valued at $36,000 after acquiring an additional 3,549 shares during the period. AXA S.A. purchased a new position in Banco Santander (Brasil) in the 3rd quarter worth about $32,000. Quadrant Capital Group LLC increased its stake in Banco Santander (Brasil) by 42.1% in the 4th quarter. Quadrant Capital Group LLC now owns 6,286 shares of the bank’s stock worth $34,000 after purchasing an additional 1,861 shares in the last quarter. Samalin Investment Counsel LLC boosted its position in Banco Santander (Brasil) by 2,346.6% during the 4th quarter. Samalin Investment Counsel LLC now owns 8,563 shares of the bank’s stock worth $46,000 after acquiring an additional 8,213 shares during the period. Finally, Two Sigma Securities LLC acquired a new stake in Banco Santander (Brasil) during the 3rd quarter worth about $66,000.

About Banco Santander (Brasil) (Get Rating)

Banco Santander (Brasil) SA, together with its subsidiaries, provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally. The company operates in two segments, Commercial Banking and Global Wholesale Banking. It offers deposits and other bank funding instruments; debit and credit cards; digital prepaid solutions; payment platform; loyalty programs; employee benefit vouchers; payroll loans; digital lending and online debt renegotiation services; mortgages; home equity financing products; consumer credit; and local loans, commercial and trade finance, guarantees, structured loans, and cash management and funding solutions, as well as on-lending transfer services.

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