Banco Santander Brasil SA (NYSE:BSBR) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

BSBR has been the subject of several other reports. JPMorgan Chase & Co. raised Banco Santander Brasil SA from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $6.00 to $7.50 in a report on Friday, May 19th. Credit Suisse Group raised Banco Santander Brasil SA from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 18th. Bank of America Corporation raised Banco Santander Brasil SA from an “underperform” rating to a “neutral” rating and upped their price target for the company from $18.00 to $29.00 in a research note on Tuesday, May 2nd. HSBC Holdings plc raised Banco Santander Brasil SA from a “reduce” rating to a “hold” rating in a research note on Thursday, May 18th. Finally, ValuEngine raised Banco Santander Brasil SA from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $12.22.

Shares of Banco Santander Brasil SA (NYSE:BSBR) traded down 2.37% during trading on Wednesday, hitting $8.24. 909,003 shares of the stock traded hands. Banco Santander Brasil SA has a 1-year low of $5.76 and a 1-year high of $11.75. The company has a market cap of $30.98 billion and a PE ratio of 13.29. The company has a 50 day moving average of $7.69 and a 200-day moving average of $8.99.

COPYRIGHT VIOLATION NOTICE: “Banco Santander Brasil SA (BSBR) Downgraded by Zacks Investment Research” was posted by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another site, it was stolen and republished in violation of US and international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/07/19/banco-santander-brasil-sa-bsbr-downgraded-by-zacks-investment-research.html.

A number of institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. increased its position in Banco Santander Brasil SA by 32.6% in the first quarter. Sei Investments Co. now owns 269,012 shares of the bank’s stock worth $2,373,000 after buying an additional 66,100 shares during the period. Karp Capital Management Corp purchased a new position in Banco Santander Brasil SA during the first quarter worth $1,426,000. World Asset Management Inc increased its position in Banco Santander Brasil SA by 1.4% in the first quarter. World Asset Management Inc now owns 241,079 shares of the bank’s stock worth $2,126,000 after buying an additional 3,387 shares during the period. GRATRY & Co LLC increased its position in Banco Santander Brasil SA by 8.4% in the first quarter. GRATRY & Co LLC now owns 29,265 shares of the bank’s stock worth $258,000 after buying an additional 2,260 shares during the period. Finally, Comerica Bank increased its position in Banco Santander Brasil SA by 1.3% in the first quarter. Comerica Bank now owns 222,241 shares of the bank’s stock worth $1,860,000 after buying an additional 2,882 shares during the period.

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.

Get a free copy of the Zacks research report on Banco Santander Brasil SA (BSBR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Banco Santander Brasil SA (NYSE:BSBR)

Receive News & Ratings for Banco Santander Brasil SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Santander Brasil SA and related companies with MarketBeat.com's FREE daily email newsletter.