Shares of Banco Santander Brasil SA (NYSE:BSBR) have been assigned a consensus recommendation of “Hold” from the twelve ratings firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $12.47.

Several analysts have weighed in on BSBR shares. J P Morgan Chase & Co raised Banco Santander Brasil SA from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $6.00 to $7.50 in a research report on Friday, May 19th. BidaskClub cut Banco Santander Brasil SA from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. ValuEngine raised Banco Santander Brasil SA from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Citigroup Inc. raised Banco Santander Brasil SA from a “sell” rating to a “neutral” rating in a research report on Tuesday, July 4th. Finally, Zacks Investment Research raised Banco Santander Brasil SA from a “hold” rating to a “buy” rating and set a $8.50 price objective on the stock in a research report on Tuesday, May 23rd.

Banco Santander Brasil SA (NYSE:BSBR) opened at 8.98 on Wednesday. Banco Santander Brasil SA has a 1-year low of $6.40 and a 1-year high of $11.75. The company’s 50-day moving average price is $8.50 and its 200-day moving average price is $8.61. The firm has a market capitalization of $33.69 billion, a P/E ratio of 13.56 and a beta of 1.55.

The company also recently disclosed a None dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 7th were given a dividend of $0.036 per share. This is a boost from Banco Santander Brasil SA’s previous None dividend of $0.04. The ex-dividend date was Thursday, August 3rd. Banco Santander Brasil SA’s payout ratio is presently 29.55%.

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A number of institutional investors have recently bought and sold shares of BSBR. NN Investment Partners Holdings N.V. purchased a new position in shares of Banco Santander Brasil SA during the first quarter valued at approximately $118,000. Koch Industries Inc. purchased a new position in shares of Banco Santander Brasil SA during the first quarter valued at approximately $121,000. Trexquant Investment LP purchased a new position in shares of Banco Santander Brasil SA during the second quarter valued at approximately $119,000. Citigroup Inc. lifted its holdings in shares of Banco Santander Brasil SA by 3.7% during the second quarter. Citigroup Inc. now owns 15,961 shares of the bank’s stock valued at $120,000 after purchasing an additional 566 shares during the last quarter. Finally, Boston Partners purchased a new position in shares of Banco Santander Brasil SA during the first quarter valued at approximately $155,000. 1.66% of the stock is currently owned by institutional investors and hedge funds.

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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