Banco Santander Brasil (NYSE:BSBR) Rating Lowered to Sell at ValuEngine

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Banco Santander Brasil (NYSE:BSBR) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Tuesday, ValuEngine reports.

BSBR has been the topic of a number of other research reports. Morgan Stanley upgraded Banco Santander Brasil from an “equal” rating to a “weight” rating in a research report on Wednesday, August 7th. Goldman Sachs Group assumed coverage on Banco Santander Brasil in a research report on Monday, June 10th. They set a “neutral” rating and a $12.00 price target on the stock. Finally, Zacks Investment Research upgraded Banco Santander Brasil from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $12.50.

Shares of BSBR stock opened at $10.41 on Tuesday. The company has a market capitalization of $38.69 billion, a P/E ratio of 11.57, a P/E/G ratio of 1.05 and a beta of 0.78. The business’s 50 day moving average is $11.62 and its two-hundred day moving average is $11.69. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.10. Banco Santander Brasil has a 12-month low of $7.86 and a 12-month high of $13.73.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA lifted its position in shares of Banco Santander Brasil by 21.8% in the first quarter. BNP Paribas Arbitrage SA now owns 11,703 shares of the bank’s stock valued at $131,000 after acquiring an additional 2,096 shares in the last quarter. Quantamental Technologies LLC purchased a new position in shares of Banco Santander Brasil in the first quarter valued at approximately $26,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new position in shares of Banco Santander Brasil in the second quarter valued at approximately $43,000. Susquehanna Fundamental Investments LLC lifted its position in shares of Banco Santander Brasil by 22.7% in the second quarter. Susquehanna Fundamental Investments LLC now owns 21,100 shares of the bank’s stock valued at $250,000 after acquiring an additional 3,900 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its position in shares of Banco Santander Brasil by 71.7% in the first quarter. Quadrant Capital Group LLC now owns 15,657 shares of the bank’s stock valued at $175,000 after acquiring an additional 6,537 shares in the last quarter. Institutional investors and hedge funds own 1.06% of the company’s stock.

About Banco Santander Brasil

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 through 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.

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