Banco Santander Brasil SA (BSBR) – What Are Investment Firms Saying About This Stock?

Shares of Banco Santander Brasil SA (NYSE:BSBR) have received a consensus recommendation of “Hold” from the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $6.10.

Several research analysts have weighed in on BSBR shares. Zacks Research downgraded Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a report on Friday, July 3rd. JPMorgan Chase & Co. cut Banco Santander Brasil from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $6.50 to $6.00 in a report on Thursday, July 30th. HSBC restated a “hold” rating and set a $6.20 price objective (down from $7.20) on shares of Banco Santander Brasil in a report on Tuesday, September 15th. Weiss Ratings raised Banco Santander Brasil from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Finally, UBS Group lowered Banco Santander Brasil from a “buy” rating to a “neutral” rating in a research note on Monday, August 24th.

Insider Activity at Banco Santander Brasil

In other news, VP Edmilson Saes sold 50,000 shares of the stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $5.79, for a total transaction of $289,500.00. Following the transaction, the vice president directly owned 300,203 shares in the company, valued at $1,738,175.37. This represents a 14.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Celso Mateus De Queiroz sold 29,299 shares of the stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $5.78, for a total transaction of $169,348.22. Following the transaction, the insider owned 23,838 shares in the company, valued at approximately $137,783.64. The trade was a 55.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 233,438 shares of company stock worth $1,338,299. Corporate insiders own 0.06% of the company’s stock.

Hedge Funds Weigh In On Banco Santander Brasil

A number of large investors have recently bought and sold shares of the stock. Alpine Global Management LLC acquired a new position in shares of Banco Santander Brasil in the 4th quarter valued at $4,735,000. Dimensional Fund Advisors LP increased its holdings in shares of Banco Santander Brasil by 43.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 221,909 shares of the bank’s stock worth $1,316,000 after buying an additional 67,224 shares during the last quarter. Engineers Gate Manager LP increased its holdings in shares of Banco Santander Brasil by 765.6% during the 2nd quarter. Engineers Gate Manager LP now owns 139,178 shares of the bank’s stock worth $731,000 after buying an additional 123,100 shares during the last quarter. SPX Gestao de Recursos Ltda raised its position in shares of Banco Santander Brasil by 58.9% in the 1st quarter. SPX Gestao de Recursos Ltda now owns 86,883 shares of the bank’s stock worth $515,000 after buying an additional 32,189 shares during the period. Finally, Public Employees Retirement System of Ohio raised its position in shares of Banco Santander Brasil by 9.4% in the 1st quarter. Public Employees Retirement System of Ohio now owns 81,609 shares of the bank’s stock worth $484,000 after buying an additional 6,982 shares during the period. Hedge funds and other institutional investors own 14.53% of the company’s stock.

Banco Santander Brasil Stock Performance

Shares of NYSE BSBR opened at $5.58 on Tuesday. Banco Santander Brasil has a 1 year low of $4.95 and a 1 year high of $7.32. The firm’s 50 day moving average price is $5.77 and its 200 day moving average price is $5.65. The company has a debt-to-equity ratio of 3.34, a quick ratio of 1.56 and a current ratio of 1.56.

Banco Santander Brasil Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Thursday, October 22nd will be issued a $0.0804 dividend. This is a negative change from Banco Santander Brasil’s previous quarterly dividend of $0.1045. The ex-dividend date is Thursday, October 22nd. This represents a $0.32 annualized dividend and a yield of 5.8%.

Banco Santander Brasil Company Profile

Banco Santander (Brasil) SA is a Brazilian financial institution and a subsidiary of Spain-based Banco Santander. Headquartered in São Paulo, the bank serves individuals, small and midsize businesses, corporations, and institutional clients throughout Brazil.

The company provides retail and commercial banking services, including checking and savings accounts, consumer and business lending, credit and debit cards, mortgages, payment solutions, and digital banking. Its broader platform also includes corporate and investment banking, private banking, asset management, insurance, and other financial services.

Santander Brasil’s operations were built in part through the expansion of Banco Santander in Brazil and the acquisition of Banco do Estado de São Paulo (Banespa) in 2000.