Banco Santander Brasil (BSBR) Stock Price Up 5.2%

Banco Santander Brasil SA (NYSE:BSBR) shares rose 5.2% during trading on Friday . The stock traded as high as $12.05 and last traded at $12.02. Approximately 2,484,000 shares were traded during trading, an increase of 88% from the average daily volume of 1,318,715 shares. The stock had previously closed at $11.43.

BSBR has been the topic of several recent research reports. Zacks Investment Research downgraded Banco Santander Brasil from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. ValuEngine downgraded Banco Santander Brasil from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Finally, Citigroup downgraded Banco Santander Brasil from a “neutral” rating to a “sell” rating in a research note on Thursday, March 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $14.75.

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The company has a market cap of $45,066.18, a PE ratio of 16.47, a PEG ratio of 1.21 and a beta of 1.57. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.91 and a quick ratio of 0.90.

Several large investors have recently made changes to their positions in BSBR. JPMorgan Chase & Co. lifted its stake in shares of Banco Santander Brasil by 192,151.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,526,178 shares of the bank’s stock valued at $21,725,000 after purchasing an additional 2,524,864 shares during the period. AMS Capital Ltda acquired a new position in shares of Banco Santander Brasil in the 4th quarter valued at about $6,427,000. Bailard Inc. lifted its stake in shares of Banco Santander Brasil by 402.3% in the 4th quarter. Bailard Inc. now owns 524,400 shares of the bank’s stock valued at $5,071,000 after purchasing an additional 420,000 shares during the period. Pinebridge Investments L.P. lifted its stake in shares of Banco Santander Brasil by 183.3% in the 4th quarter. Pinebridge Investments L.P. now owns 393,144 shares of the bank’s stock valued at $3,802,000 after purchasing an additional 254,384 shares during the period. Finally, Itau Unibanco Holding S.A. lifted its stake in shares of Banco Santander Brasil by 5,106.3% in the 4th quarter. Itau Unibanco Holding S.A. now owns 249,900 shares of the bank’s stock valued at $2,417,000 after purchasing an additional 245,100 shares during the period. 1.66% of the stock is currently owned by institutional investors.

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About Banco Santander Brasil

Banco Santander (Brasil) SA (the Bank) is indirectly controlled by Banco Santander, SA, and is an institution of the Financial and Prudential Group. The Bank operates through two segments, Commercial Banking and Global Wholesale Banking. The Company conducts its operations by means of portfolios such as commercial, investment, lending and financing, mortgage lending, leasing, credit card operations and foreign exchange.

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