Banco Santander Brasil (NYSE:BSBR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Thursday, Zacks.com reports. The brokerage currently has a $13.00 price objective on the bank’s stock. Zacks Investment Research‘s price target indicates a potential upside of 17.65% from the stock’s current price.
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 note on Friday, March 1st. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $12.50.
Shares of BSBR stock opened at $11.05 on Thursday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.11. Banco Santander Brasil has a fifty-two week low of $7.20 and a fifty-two week high of $13.73. The company has a market capitalization of $41.43 billion, a price-to-earnings ratio of 12.28, a P/E/G ratio of 1.10 and a beta of 0.88.
Banco Santander Brasil (NYSE:BSBR) last announced its quarterly earnings data on Wednesday, March 27th. The bank reported $0.25 earnings per share for the quarter. Banco Santander Brasil had a return on equity of 14.54% and a net margin of 14.82%. The firm had revenue of $4.09 billion during the quarter. On average, equities analysts predict that Banco Santander Brasil will post 0.97 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its stake in Banco Santander Brasil by 16.5% in the third quarter. BlackRock Inc. now owns 1,873,461 shares of the bank’s stock worth $16,506,000 after purchasing an additional 264,770 shares during the period. Deutsche Bank AG grew its stake in Banco Santander Brasil by 32.7% in the fourth quarter. Deutsche Bank AG now owns 504,390 shares of the bank’s stock worth $5,613,000 after purchasing an additional 124,209 shares during the period. Parametric Portfolio Associates LLC grew its stake in Banco Santander Brasil by 6.7% in the first quarter. Parametric Portfolio Associates LLC now owns 494,568 shares of the bank’s stock worth $5,554,000 after purchasing an additional 31,178 shares during the period. JPMorgan Chase & Co. grew its stake in Banco Santander Brasil by 77.3% in the first quarter. JPMorgan Chase & Co. now owns 321,439 shares of the bank’s stock worth $3,610,000 after purchasing an additional 140,167 shares during the period. Finally, Comerica Bank grew its stake in Banco Santander Brasil by 1.2% in the fourth quarter. Comerica Bank now owns 225,932 shares of the bank’s stock worth $2,982,000 after purchasing an additional 2,575 shares during the period. 1.09% of the stock is currently owned by hedge funds and other institutional investors.
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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