Banco Santander Brasil SA (NYSE:BSBR) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

A number of other research analysts have also recently commented on the company. Zacks Investment Research cut Banco Santander Brasil SA from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. BidaskClub cut Banco Santander Brasil SA from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, J P Morgan Chase & Co upgraded Banco Santander Brasil SA from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $8.00 to $10.00 in a research note on Wednesday, November 1st. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $14.25.

Banco Santander Brasil SA (BSBR) traded up $0.07 on Tuesday, hitting $9.32. The stock had a trading volume of 2,127,827 shares, compared to its average volume of 2,230,827. The stock has a market cap of $35,130.00, a PE ratio of 16.73, a PEG ratio of 0.80 and a beta of 1.50. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09. Banco Santander Brasil SA has a 52 week low of $6.86 and a 52 week high of $11.75.

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Institutional investors have recently bought and sold shares of the business. Wright Investors Service Inc. bought a new stake in shares of Banco Santander Brasil SA in the 3rd quarter worth $106,000. Trexquant Investment LP bought a new stake in shares of Banco Santander Brasil SA in the 2nd quarter worth $119,000. Citigroup Inc. increased its holdings in shares of Banco Santander Brasil SA by 3.7% in the 2nd quarter. Citigroup Inc. now owns 15,961 shares of the bank’s stock worth $120,000 after purchasing an additional 566 shares in the last quarter. Advisor Group Inc. increased its holdings in shares of Banco Santander Brasil SA by 5.8% in the 2nd quarter. Advisor Group Inc. now owns 21,268 shares of the bank’s stock worth $120,000 after purchasing an additional 1,166 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Banco Santander Brasil SA by 135.1% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 18,793 shares of the bank’s stock worth $136,000 after purchasing an additional 10,800 shares in the last quarter. 1.70% of the stock is 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.

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

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