Banco Santander Brasil (BSBR) Upgraded at Zacks Investment Research

Banco Santander Brasil (NYSE:BSBR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Monday. The brokerage presently has a $12.00 target price on the bank’s stock. Zacks Investment Research‘s price target indicates a potential upside of 6.29% from the stock’s previous close.

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. “

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Other equities research analysts have also recently issued reports about the company. ValuEngine cut Banco Santander Brasil from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Citigroup cut Banco Santander Brasil from a “neutral” rating to a “sell” rating in a research report on Thursday, March 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $14.75.

Banco Santander Brasil (NYSE BSBR) traded up $0.20 during midday trading on Monday, reaching $11.29. 781,018 shares of the company’s stock traded hands, compared to its average volume of 1,291,643. The stock has a market capitalization of $41,579.36, a P/E ratio of 17.92, a PEG ratio of 1.12 and a beta of 1.59. Banco Santander Brasil has a 1-year low of $6.86 and a 1-year high of $11.93. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.90 and a current ratio of 0.91.

Hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new stake in Banco Santander Brasil in the fourth quarter worth approximately $130,000. Trexquant Investment LP boosted its stake in Banco Santander Brasil by 60.0% in the third quarter. Trexquant Investment LP now owns 25,353 shares of the bank’s stock worth $222,000 after buying an additional 9,506 shares in the last quarter. Advisory Services Network LLC boosted its stake in Banco Santander Brasil by 6,501.6% in the fourth quarter. Advisory Services Network LLC now owns 49,182 shares of the bank’s stock worth $476,000 after buying an additional 48,437 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in Banco Santander Brasil in the fourth quarter worth approximately $499,000. Finally, OxFORD Asset Management LLP boosted its stake in Banco Santander Brasil by 26.0% in the third quarter. OxFORD Asset Management LLP now owns 59,095 shares of the bank’s stock worth $514,000 after buying an additional 12,184 shares in the last quarter. Institutional investors own 1.66% of the company’s stock.

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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.

Analyst Recommendations for Banco Santander Brasil (NYSE:BSBR)

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