Banco Santander Brasil SA (NYSE:BSBR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday. The brokerage presently has a $9.75 price objective on the bank’s stock. Zacks Investment Research‘s target price suggests a potential upside of 12.72% from the stock’s current price.

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. “

Other equities analysts also recently issued research reports about the stock. ValuEngine raised shares of Banco Santander Brasil SA from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub raised shares of Banco Santander Brasil SA from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Deutsche Bank AG raised shares of Banco Santander Brasil SA from a “sell” rating to a “hold” rating and set a $8.00 price objective for the company in a research note on Thursday, April 27th. 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. 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. Banco Santander Brasil SA has a consensus rating of “Hold” and a consensus target price of $12.47.

Banco Santander Brasil SA (NYSE BSBR) traded up 0.35% during mid-day trading on Tuesday, hitting $8.65. The company had a trading volume of 971,378 shares. The firm has a market capitalization of $32.45 billion, a PE ratio of 12.87 and a beta of 1.55. Banco Santander Brasil SA has a 1-year low of $6.40 and a 1-year high of $11.75. The company has a 50 day moving average of $8.09 and a 200 day moving average of $8.82.

TRADEMARK VIOLATION NOTICE: “Banco Santander Brasil SA (BSBR) Upgraded to Buy by Zacks Investment Research” was posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The correct version of this story can be read at https://www.americanbankingnews.com/2017/08/15/banco-santander-brasil-sa-bsbr-upgraded-to-buy-by-zacks-investment-research.html.

A number of institutional investors have recently added to or reduced their stakes in BSBR. Tower Research Capital LLC TRC raised its position 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 valued at $285,000 after buying an additional 6,482 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position 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 valued at $70,419,000 after buying an additional 3,960,380 shares in the last quarter. Caxton Associates LP raised its position 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 valued at $354,000 after buying an additional 4,997 shares in the last quarter. Cubist Systematic Strategies LLC raised its position 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 valued at $659,000 after buying an additional 51,592 shares in the last quarter. Finally, State Street Corp raised its position in Banco Santander Brasil SA by 1.2% in the second quarter. State Street Corp now owns 804,077 shares of the bank’s stock valued at $6,055,000 after buying an additional 9,652 shares in the last quarter. 0.89% of the stock is currently owned by institutional investors and hedge funds.

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.