Banco Santander Brasil SA (BSBR) Upgraded to “Buy” by BidaskClub

BidaskClub upgraded shares of Banco Santander Brasil SA (NYSE:BSBR) from a hold rating to a buy rating in a research note issued to investors on Saturday, August 5th.

Other equities research analysts also recently issued reports about the stock. ValuEngine raised shares of Banco Santander Brasil SA from a hold rating to a buy rating in a report on Friday, June 2nd. Zacks Investment Research raised shares of Banco Santander Brasil SA from a hold rating to a buy rating and set a $8.50 price target for the company in a report on Tuesday, May 23rd. Deutsche Bank AG raised shares of Banco Santander Brasil SA from a sell rating to a hold rating and set a $8.00 price target for the company in a report on Thursday, April 27th. HSBC Holdings plc raised shares of Banco Santander Brasil SA from a reduce rating to a hold rating in a report on Thursday, May 18th. Finally, Citigroup Inc. raised shares of Banco Santander Brasil SA from a sell rating to a neutral rating in a report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. Banco Santander Brasil SA has a consensus rating of Hold and a consensus price target of $12.47.

Banco Santander Brasil SA (BSBR) traded up 2.49% during mid-day trading on Friday, hitting $8.63. 657,316 shares of the stock traded hands. The stock has a 50-day moving average of $8.21 and a 200 day moving average of $8.80. Banco Santander Brasil SA has a 1-year low of $6.40 and a 1-year high of $11.75. The firm has a market cap of $32.37 billion, a price-to-earnings ratio of 12.96 and a beta of 1.55.

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The company also recently disclosed a None dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 7th will be paid a dividend of $0.036 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This is a positive change from Banco Santander Brasil SA’s previous None dividend of $0.04. Banco Santander Brasil SA’s dividend payout ratio is currently 29.55%.

A number of hedge funds have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd raised its stake in Banco Santander Brasil SA by 86.6% in the second quarter. Dynamic Technology Lab Private Ltd now owns 64,535 shares of the bank’s stock worth $486,000 after buying an additional 29,955 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Banco Santander Brasil SA by 20.7% in the second quarter. Tower Research Capital LLC TRC now owns 37,851 shares of the bank’s stock worth $285,000 after buying an additional 6,482 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Banco Santander Brasil SA by 73.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 9,351,744 shares of the bank’s stock worth $70,419,000 after buying an additional 3,960,380 shares in the last quarter. Caxton Associates LP raised its stake in Banco Santander Brasil SA by 11.9% in the second quarter. Caxton Associates LP now owns 47,000 shares of the bank’s stock worth $354,000 after buying an additional 4,997 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake in Banco Santander Brasil SA by 143.8% in the second quarter. Cubist Systematic Strategies LLC now owns 87,463 shares of the bank’s stock worth $659,000 after buying an additional 51,592 shares in the last quarter. 0.89% of the stock is owned by institutional investors.

Banco Santander Brasil SA 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 SA (NYSE:BSBR)

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