Banco Santander (Brazil) (NYSE:BSBR) Cut to “hold” at Zacks Investment Research
Zacks Investment Research cut shares by Banco Santander (Brazil) (NYSE: BSBR – Get Rating) from a buy rating to a hold rating in a research report released Friday, Zacks.com reports.
According to Zacks, “Banco Santander, SA is a retail and commercial bank. The Banks segments include Continental Europe, United Kingdom, Latin America and United States. The Continental Europe segment covers all activities in Continental Europe. The United Kingdom segment includes the businesses developed by various units and branches in the country. The Latin America segment encompasses all of 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 business model meets the needs of all types of customers: individuals with varying incomes. “
BSBR has been the subject of several other reports. StockNews.com began covering Banco Santander (Brazil) in a research note on Thursday, March 31. They have set a holding rating on the stock. TheStreet upgraded Banco Santander (Brazil) from a c+ to a b- rating in a Friday 25 March research note. Barclays began covering Banco Santander (Brazil) in a research note on Monday January 24. They set an equal weighted quote and a price target of $6.00 on the stock. Finally, Goldman Sachs Group upgraded Banco Santander (Brazil) from a sell rating to a neutral rating and set a price target of $6.00 on the stock in a Friday, January 14 research note. Five analysts have rated the stock with a holding rating. Based on data from MarketBeat.com, the company currently has an average holding rating and an average price target of $6.92.
Shares of Banco Santander (Brazil) rose $0.14 during Friday’s trading, hitting $6.53. The company’s stock had a trading volume of 1,365,119 shares, compared to its average volume of 1,679,002. The company’s fifty-day moving average price is $7.02 and its 200 days is $6.30. Banco Santander has a one-year low of $5.18 and a one-year high of $9.27.
Banco Santander (Brazil) (NYSE: BSBR – Get Rating) last released quarterly earnings data on Thursday, February 24. The bank reported EPS of $0.17 for the quarter, missing analyst consensus estimates of $0.20 per ($0.03). The company posted revenue of $2.85 billion in the quarter, versus a consensus estimate of $3.31 billion. Banco Santander (Brazil) achieved a return on equity of 12.41% and a net margin of 12.01%. Research analysts expect Banco Santander to post earnings per share of 0.91 for the current year.
The company also recently announced a variable dividend, which will be paid on Monday, May 23. Shareholders of record on Monday, April 25 will receive a dividend of $0.0352 per share. This represents a return of 5.55%. The ex-dividend date is Friday, April 22. The payout rate of Banco Santander (Brazil) is 92.50%.
Several institutional investors and hedge funds have recently changed their positions in BSBR. AXA SA acquired a new position in shares of Banco Santander (Brasil) in the 3rd quarter for a value of approximately $32,000. Quadrant Capital Group LLC increased its stake in shares of Banco Santander (Brasil) by 42.1% in the 4th quarter. Quadrant Capital Group LLC now owns 6,286 shares of the bank worth $34,000 after acquiring 1,861 additional shares in the last quarter. Wells Fargo & Company MN increased its stake in Banco Santander (Brasil) shares by 400.6% in the 2nd quarter. Wells Fargo & Company MN now owns 4,435 shares of the bank worth $36,000 after acquiring 3,549 additional shares last quarter. Samalin Investment Counsel LLC increased its equity stake in Banco Santander (Brasil) by 2,346.6% in Q4. Samalin Investment Counsel LLC now owns 8,563 shares of the bank worth $46,000 after acquiring 8,213 additional shares in the last quarter. Finally, Two Sigma Securities LLC acquired a new position in shares of Banco Santander (Brazil) in Q3 worth approximately $66,000.
About Banco Santander (Brazil) (Get an evaluation)
Banco Santander (Brasil) SA, together with its subsidiaries, provides various banking products and services to individuals, small and medium enterprises and corporations in Brazil and abroad. The Company operates in two segments, Commercial Banking and Global Wholesale Banking. It offers deposits and other bank financing instruments; debit and credit cards; prepaid digital solutions; payment platform; Loyalty programs; employee benefit vouchers; payday loans; digital lending and online debt renegotiation services; mortgages; home equity financing products; Consumer credit ; and local loans, trade and commercial finance, guarantees, structured loans, cash management and financing solutions, and loan transfer services.
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