Banco Santander (Brasil) (NYSE:BSBR) Lowered to Hold at Zacks Investment Research


Share on StockTwits

Banco Santander (Brasil) (NYSE:BSBR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks.com reports.

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. “

Other research analysts have also issued reports about the stock. BidaskClub lowered shares of Banco Santander (Brasil) from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 5th. ValuEngine raised shares of Banco Santander (Brasil) from a “sell” rating to a “hold” rating in a research report on Tuesday, December 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $8.63.

Shares of NYSE BSBR opened at $8.40 on Tuesday. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.14. Banco Santander has a 12 month low of $3.69 and a 12 month high of $11.13. The firm has a market capitalization of $31.49 billion, a PE ratio of 11.20, a price-to-earnings-growth ratio of 2.15 and a beta of 1.03. The firm has a fifty day simple moving average of $8.36 and a two-hundred day simple moving average of $6.29.

Banco Santander (Brasil) (NYSE:BSBR) last issued its quarterly earnings data on Tuesday, October 27th. The bank reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.05. Banco Santander (Brasil) had a net margin of 18.90% and a return on equity of 15.40%. The business had revenue of $2.82 billion during the quarter. On average, sell-side analysts predict that Banco Santander will post 0.65 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the stock. State Street Corp raised its position in shares of Banco Santander (Brasil) by 7.4% during the third quarter. State Street Corp now owns 2,289,852 shares of the bank’s stock valued at $11,399,000 after buying an additional 157,818 shares during the last quarter. Aperio Group LLC grew its holdings in Banco Santander (Brasil) by 18.9% in the 3rd quarter. Aperio Group LLC now owns 1,085,856 shares of the bank’s stock valued at $5,364,000 after buying an additional 172,504 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Banco Santander (Brasil) by 20.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,073,776 shares of the bank’s stock valued at $5,304,000 after buying an additional 182,290 shares in the last quarter. AQR Capital Management LLC grew its holdings in Banco Santander (Brasil) by 21.9% in the 3rd quarter. AQR Capital Management LLC now owns 174,696 shares of the bank’s stock valued at $863,000 after buying an additional 31,356 shares in the last quarter. Finally, Morgan Stanley grew its holdings in Banco Santander (Brasil) by 7.4% in the 3rd quarter. Morgan Stanley now owns 168,119 shares of the bank’s stock valued at $830,000 after buying an additional 11,587 shares in the last quarter. 0.65% of the stock is currently owned by 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 in 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.

Featured Story: What are the qualifications of a portfolio manager?

Get a free copy of the Zacks research report on Banco Santander (Brasil) (BSBR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Banco Santander (Brasil) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Santander (Brasil) and related companies with MarketBeat.com's FREE daily email newsletter.