Banco Santander Brasil’s (BSBR) “Hold” Rating Reiterated at HSBC

HSBC reiterated their hold rating on shares of Banco Santander Brasil (NYSE:BSBR) in a report issued on Tuesday, Marketbeat Ratings reports. They currently have a $6.20 price objective on the bank’s stock, down from their previous price objective of $7.20.

A number of other research analysts have also recently issued reports on the stock. Wall Street Zen cut shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Zacks Research cut Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a research note on Friday, July 3rd. Weiss Ratings raised Banco Santander Brasil from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. JPMorgan Chase & Co. lowered Banco Santander Brasil from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $6.50 to $6.00 in a research note on Thursday, July 30th. Finally, UBS Group cut Banco Santander Brasil from a “buy” rating to a “neutral” rating in a report on Monday, August 24th. Four analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Banco Santander Brasil currently has a consensus rating of “Reduce” and an average target price of $6.10.

Banco Santander Brasil Stock Up 2.7%

Shares of Banco Santander Brasil stock opened at $5.96 on Tuesday. 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 12-month low of $4.94 and a 12-month high of $7.32. The firm’s 50-day moving average price is $5.66 and its two-hundred day moving average price is $5.68.

Banco Santander Brasil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Thursday, July 30th were paid a $0.1045 dividend. The ex-dividend date of this dividend was Thursday, July 30th. This represents a $0.42 annualized dividend and a yield of 7.0%.

Insider Transactions at Banco Santander Brasil

In other Banco Santander Brasil news, insider Gustavo De Sousa Santos sold 29,200 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $5.70, for a total transaction of $166,440.00. Following the sale, the insider owned 53,023 shares of the company’s stock, valued at approximately $302,231.10. The trade was a 35.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Cezar Augusto Janikian sold 6,600 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $5.72, for a total transaction of $37,752.00. Following the transaction, the vice president 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 162,638 shares of company stock valued at $930,663. Corporate insiders own 0.06% of the company’s stock.

Hedge Funds Weigh In On Banco Santander Brasil

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Engineers Gate Manager LP raised its holdings in Banco Santander Brasil by 765.6% in the 2nd quarter. Engineers Gate Manager LP now owns 139,178 shares of the bank’s stock valued at $731,000 after buying an additional 123,100 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in Banco Santander Brasil during the 2nd quarter worth approximately $476,000. EverSource Wealth Advisors LLC grew its holdings in Banco Santander Brasil by 251.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,804 shares of the bank’s stock worth $34,000 after acquiring an additional 4,153 shares during the last quarter. Royal Bank of Canada increased its position in Banco Santander Brasil by 41.6% in the 1st quarter. Royal Bank of Canada now owns 7,136 shares of the bank’s stock valued at $43,000 after acquiring an additional 2,098 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Banco Santander Brasil by 43.5% during the first quarter. Dimensional Fund Advisors LP now owns 221,909 shares of the bank’s stock valued at $1,316,000 after acquiring an additional 67,224 shares during the last quarter. Institutional investors and hedge funds own 14.53% of the company’s stock.

About Banco Santander Brasil

Banco Santander Brasil SA is a Brazilian financial institution and a subsidiary of Spain-based Banco Santander. Headquartered in São Paulo, the company provides banking and financial services to individual customers, small and midsize businesses, corporations and institutional clients throughout Brazil.

Its offerings include checking and savings accounts, consumer and commercial lending, credit and debit cards, mortgages, insurance, investments, asset management, payment solutions and foreign-exchange services.