Shares of Banco Santander Brasil SA (NYSE:BSBR) have received a consensus recommendation of “Hold” from the twelve research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $12.22.

A number of brokerages have weighed in on BSBR. HSBC Holdings plc raised shares of Banco Santander Brasil SA from a “reduce” rating to a “hold” rating in a research note on Thursday, May 18th. BidaskClub raised shares of Banco Santander Brasil SA from a “hold” rating to a “buy” rating in a research note on Sunday. Bank of America Corporation raised shares of Banco Santander Brasil SA from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $18.00 to $29.00 in a research note on Tuesday, May 2nd. Zacks Investment Research downgraded shares of Banco Santander Brasil SA from a “buy” rating to a “hold” rating in a research note on Thursday, April 27th. Finally, Citigroup Inc. raised shares of Banco Santander Brasil SA from a “sell” rating to a “neutral” rating in a research note on Tuesday, July 4th.

Several large investors have recently bought and sold shares of BSBR. AQR Capital Management LLC increased its stake in Banco Santander Brasil SA by 84.3% in the first quarter. AQR Capital Management LLC now owns 2,904,098 shares of the bank’s stock worth $25,614,000 after buying an additional 1,328,382 shares during the period. Morgan Stanley increased its stake in Banco Santander Brasil SA by 216.4% in the first quarter. Morgan Stanley now owns 1,818,873 shares of the bank’s stock worth $16,042,000 after buying an additional 1,244,015 shares during the period. Acadian Asset Management LLC increased its stake in Banco Santander Brasil SA by 187.4% in the first quarter. Acadian Asset Management LLC now owns 1,532,911 shares of the bank’s stock worth $13,520,000 after buying an additional 999,583 shares during the period. Goldman Sachs Group Inc. increased its stake in Banco Santander Brasil SA by 48.2% in the first quarter. Goldman Sachs Group Inc. now owns 1,742,677 shares of the bank’s stock worth $15,370,000 after buying an additional 566,989 shares during the period. Finally, Vanguard Group Inc. increased its stake in Banco Santander Brasil SA by 10.7% in the first quarter. Vanguard Group Inc. now owns 5,411,354 shares of the bank’s stock worth $47,728,000 after buying an additional 521,752 shares during the period.

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Banco Santander Brasil SA (NYSE BSBR) opened at 8.35 on Tuesday. The company’s 50 day moving average is $7.78 and its 200-day moving average is $9.00. The firm has a market cap of $31.40 billion and a price-to-earnings ratio of 13.87. Banco Santander Brasil SA has a 1-year low of $5.76 and a 1-year high of $11.75.

About Banco Santander Brasil SA

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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