ValuEngine Lowers Banco Santander Brasil (NYSE:BSBR) to Sell

ValuEngine downgraded shares of Banco Santander Brasil (NYSE:BSBR) from a hold rating to a sell rating in a research report report published on Tuesday, ValuEngine reports.

BSBR has been the subject of a number of other reports. Zacks Investment Research raised shares of Banco Santander Brasil from a hold rating to a buy rating and set a $13.00 price objective for the company in a research report on Friday, July 26th. Morgan Stanley raised shares of Banco Santander Brasil from an equal rating to a weight rating in a research report on Wednesday, August 7th. Finally, Goldman Sachs Group started coverage on shares of Banco Santander Brasil in a research report on Monday, June 10th. They set a neutral rating and a $12.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $12.50.

NYSE:BSBR opened at $9.86 on Tuesday. Banco Santander Brasil has a 1-year low of $7.86 and a 1-year high of $13.73. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.10. The firm has a fifty day simple moving average of $11.54 and a 200 day simple moving average of $11.66. The stock has a market capitalization of $38.69 billion, a PE ratio of 10.96, a P/E/G ratio of 1.02 and a beta of 0.78.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Tuesday, July 9th were given a dividend of $0.059 per share. This represents a $0.24 dividend on an annualized basis and a yield of 2.39%. This is a boost from Banco Santander Brasil’s previous quarterly dividend of $0.04. The ex-dividend date was Monday, July 8th. Banco Santander Brasil’s payout ratio is 26.67%.

Hedge funds have recently added to or reduced their stakes in the business. Deutsche Bank AG boosted its position in Banco Santander Brasil by 32.7% during 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. Acadian Asset Management LLC acquired a new stake in shares of Banco Santander Brasil during the first quarter worth $938,000. Marshall Wace North America L.P. acquired a new stake in shares of Banco Santander Brasil during the first quarter worth $1,280,000. Millennium Management LLC acquired a new stake in shares of Banco Santander Brasil during the fourth quarter worth $401,000. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Banco Santander Brasil by 71.7% during the first quarter. Quadrant Capital Group LLC now owns 15,657 shares of the bank’s stock worth $175,000 after buying an additional 6,537 shares in the last quarter. 1.06% of the stock is owned by hedge funds and other institutional investors.

Banco Santander Brasil Company Profile

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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