Banco Santander Brasil (NYSE:BSBR) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Banco Santander Brasil (NYSE:BSBR) from a buy rating to a hold rating in a research report sent to investors on Monday, Zacks.com reports.

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. “

Separately, Goldman Sachs Group lowered shares of SUMCO CORP/ADR from a buy rating to a neutral rating in a research note on Monday, June 10th. Five investment analysts have rated the stock with a hold rating, The stock currently has a consensus rating of Hold and a consensus target price of $12.50.

NYSE BSBR opened at $12.35 on Monday. The firm has a 50-day moving average of $11.61. Banco Santander Brasil has a 12 month low of $7.77 and a 12 month high of $13.73. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $46.45 billion, a PE ratio of 13.47, a P/E/G ratio of 1.23 and a beta of 0.80.

Banco Santander Brasil (NYSE:BSBR) last issued its quarterly earnings results on Tuesday, April 30th. The bank reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. The company had revenue of $4.02 billion for the quarter. Banco Santander Brasil had a net margin of 14.82% and a return on equity of 14.54%. On average, equities research analysts anticipate that Banco Santander Brasil will post 0.97 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Tuesday, July 9th will be paid a dividend of $0.059 per share. The ex-dividend date of this dividend is Monday, July 8th. This is a positive change from Banco Santander Brasil’s previous quarterly dividend of $0.04. This represents a $0.24 dividend on an annualized basis and a yield of 1.91%. Banco Santander Brasil’s dividend payout ratio is 26.67%.

A number of large investors have recently modified their holdings of the business. PNC Financial Services Group Inc. increased its stake in Banco Santander Brasil by 33.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,303 shares of the bank’s stock worth $59,000 after purchasing an additional 1,322 shares during the period. American Century Companies Inc. increased its stake in Banco Santander Brasil by 1.1% during the fourth quarter. American Century Companies Inc. now owns 176,560 shares of the bank’s stock worth $1,965,000 after purchasing an additional 1,986 shares during the period. BNP Paribas Arbitrage SA increased its stake in Banco Santander Brasil by 21.8% during the first quarter. BNP Paribas Arbitrage SA now owns 11,703 shares of the bank’s stock worth $131,000 after purchasing an additional 2,096 shares during the period. Quantamental Technologies LLC purchased a new stake in Banco Santander Brasil during the first quarter worth about $26,000. Finally, Quadrant Capital Group LLC increased its stake in Banco Santander Brasil by 71.7% during the first quarter. Quadrant Capital Group LLC now owns 15,657 shares of the bank’s stock worth $175,000 after purchasing an additional 6,537 shares during the period. Institutional investors own 1.06% of the company’s stock.

Banco Santander Brasil Company Profile

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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