Banco Santander Brasil (BSBR) Upgraded to Equal Weight at Morgan Stanley

Morgan Stanley upgraded shares of Banco Santander Brasil (NYSE:BSBR) from an underweight rating to an equal weight rating in a research report sent to investors on Friday morning, The Fly reports.

A number of other brokerages have also issued reports on BSBR. Zacks Investment Research upgraded shares of Banco Santander Brasil from a strong sell rating to a hold rating in a report on Wednesday, October 17th. ValuEngine upgraded shares of Banco Santander Brasil from a hold rating to a buy rating in a report on Monday, October 8th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $12.00.

Shares of BSBR stock traded up $0.29 on Friday, reaching $11.22. The company had a trading volume of 1,292,793 shares, compared to its average volume of 1,576,199. The stock has a market capitalization of $41.62 billion, a P/E ratio of 15.37, a price-to-earnings-growth ratio of 1.01 and a beta of 0.96. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.11. Banco Santander Brasil has a one year low of $7.20 and a one year high of $12.25.

The firm also recently disclosed a special dividend, which was paid on Friday, November 2nd. Investors of record on Thursday, October 11th were issued a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, October 10th. Banco Santander Brasil’s dividend payout ratio (DPR) is presently 19.18%.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sei Investments Co. raised its holdings in Banco Santander Brasil by 16.6% in the 2nd quarter. Sei Investments Co. now owns 63,957 shares of the bank’s stock valued at $480,000 after buying an additional 9,102 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in Banco Santander Brasil by 23.2% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 50,725 shares of the bank’s stock valued at $447,000 after purchasing an additional 9,551 shares during the period. American Century Companies Inc. increased its position in Banco Santander Brasil by 6.4% during the 2nd quarter. American Century Companies Inc. now owns 173,574 shares of the bank’s stock valued at $1,302,000 after purchasing an additional 10,505 shares during the period. Comerica Bank increased its position in Banco Santander Brasil by 5.9% during the 3rd quarter. Comerica Bank now owns 223,357 shares of the bank’s stock valued at $2,504,000 after purchasing an additional 12,481 shares during the period. Finally, NumerixS Investment Technologies Inc increased its position in Banco Santander Brasil by 245.8% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 20,400 shares of the bank’s stock valued at $152,000 after purchasing an additional 14,500 shares during the period. Institutional investors and hedge funds own 1.10% of the company’s stock.

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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