Banco Santander Brasil SA (NYSE:BSBR) has received an average recommendation of “Hold” from the ten ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $15.67.
A number of equities research analysts have weighed in on BSBR shares. Zacks Investment Research raised shares of Banco Santander Brasil from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a report on Tuesday, March 20th. ValuEngine raised shares of Banco Santander Brasil from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Finally, Citigroup downgraded shares of Banco Santander Brasil from a “neutral” rating to a “sell” rating in a report on Thursday, March 1st.
Hedge funds and other institutional investors have recently modified their holdings of the business. Aperio Group LLC lifted its holdings in Banco Santander Brasil by 15.3% in the 4th quarter. Aperio Group LLC now owns 160,456 shares of the bank’s stock valued at $1,552,000 after acquiring an additional 21,348 shares during the last quarter. Itau Unibanco Holding S.A. lifted its stake in Banco Santander Brasil by 5,106.3% during the fourth quarter. Itau Unibanco Holding S.A. now owns 249,900 shares of the bank’s stock valued at $2,417,000 after buying an additional 245,100 shares in the last quarter. Pinebridge Investments L.P. lifted its stake in Banco Santander Brasil by 183.3% during the fourth quarter. Pinebridge Investments L.P. now owns 393,144 shares of the bank’s stock valued at $3,802,000 after buying an additional 254,384 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in Banco Santander Brasil by 11.3% during the third quarter. Allianz Asset Management GmbH now owns 328,363 shares of the bank’s stock valued at $2,870,000 after buying an additional 33,233 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Banco Santander Brasil by 192,151.0% during the third quarter. JPMorgan Chase & Co. now owns 2,526,178 shares of the bank’s stock valued at $21,725,000 after buying an additional 2,524,864 shares in the last quarter. 1.66% of the stock is owned by institutional investors.
The firm also recently declared a special dividend, which was paid on Monday, March 5th. Shareholders of record on Tuesday, January 9th were issued a $0.1856 dividend. This is an increase from Banco Santander Brasil’s previous special dividend of $0.04. The ex-dividend date was Monday, January 8th. Banco Santander Brasil’s dividend payout ratio is presently 17.46%.
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Banco Santander Brasil Company Profile
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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