Banco Santander Brasil SA (NYSE:BSBR) Stock Rated “Hold” by Wall Street Analysts

Shares of Banco Santander Brasil SA (NYSE:BSBR) have been assigned a consensus recommendation of “Hold” from the five ratings firms that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $6.10.

BSBR has been the topic of several research reports. UBS Group cut shares of Banco Santander Brasil from a “buy” rating to a “neutral” rating in a research report on Monday, August 24th. HSBC lowered Banco Santander Brasil from a “buy” rating to a “hold” rating and dropped their target price for the stock from $7.20 to $6.20 in a research report on Tuesday, September 15th. Wall Street Zen lowered shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. JPMorgan Chase & Co. lowered Banco Santander Brasil from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $6.50 to $6.00 in a research report on Thursday, July 30th. Finally, Weiss Ratings cut Banco Santander Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, October 26th.

Insider Buying and Selling

In related news, VP Cezar Augusto Janikian sold 6,600 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $5.72, for a total value of $37,752.00. Following the sale, the vice president directly owned 47,007 shares of the company’s stock, valued at $268,880.04. This trade represents a 12.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Leonardo Mendes Cabral sold 20,000 shares of the company’s stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $5.68, for a total value of $113,600.00. Following the sale, the insider owned 112,571 shares of the company’s stock, valued at $639,403.28. This trade represents a 15.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 92,520 shares of company stock worth $532,722 in the last ninety days. Corporate insiders own 0.06% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC raised its stake in shares of Banco Santander Brasil by 80.9% during the third quarter. Farther Finance Advisors LLC now owns 4,501 shares of the bank’s stock worth $25,000 after buying an additional 2,013 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Banco Santander Brasil by 251.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,804 shares of the bank’s stock valued at $34,000 after purchasing an additional 4,153 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Banco Santander Brasil by 41.6% during the first quarter. Royal Bank of Canada now owns 7,136 shares of the bank’s stock worth $43,000 after purchasing an additional 2,098 shares during the period. QRG Capital Management Inc. purchased a new position in Banco Santander Brasil in the 2nd quarter worth approximately $57,000. Finally, May Hill Capital LLC bought a new position in shares of Banco Santander Brasil in the third quarter worth about $73,000. 14.53% of the stock is owned by hedge funds and other institutional investors.

Banco Santander Brasil Stock Performance

Shares of Banco Santander Brasil stock opened at $4.64 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 3.34. Banco Santander Brasil has a one year low of $4.38 and a one year high of $7.32. The stock has a 50 day moving average price of $5.53 and a 200-day moving average price of $5.78.

Banco Santander Brasil (NYSE:BSBR) last released its earnings results on Wednesday, October 28th. The bank reported $0.07 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.10). Banco Santander Brasil had a return on equity of 11.06% and a net margin of 7.49%. The firm had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.98 billion. Equities analysts forecast that Banco Santander Brasil will post 0.71 EPS for the current year.

Banco Santander Brasil Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Thursday, October 22nd will be paid a $0.0804 dividend. The ex-dividend date of this dividend is Thursday, October 22nd. This is a negative change from Banco Santander Brasil’s previous quarterly dividend of $0.1045. This represents a $0.32 dividend on an annualized basis and a yield of 6.9%.

About Banco Santander Brasil

Banco Santander (Brasil) SA is a Brazilian financial institution and a subsidiary of Spain-based Banco Santander. It provides banking and financial services to individuals, small and midsize businesses, corporate clients and institutional customers throughout Brazil.

The company’s offerings include checking and savings accounts, consumer and commercial loans, credit and debit cards, mortgages, payroll lending, insurance, investment products, foreign-exchange services, cash management and payment solutions.