Shares of Banco Santander Brasil SA (NYSE:BSBR) have been assigned a consensus recommendation of “Hold” from the ten ratings firms that are covering the firm, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $15.67.

Several equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a report on Monday, September 11th. J P Morgan Chase & Co upgraded shares of Banco Santander Brasil from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $8.00 to $10.00 in a report on Wednesday, November 1st. BidaskClub downgraded shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, ValuEngine downgraded shares of Banco Santander Brasil from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd.

Banco Santander Brasil (BSBR) traded down $0.09 during midday trading on Friday, reaching $9.44. 1,341,000 shares of the company’s stock traded hands, compared to its average volume of 2,193,186. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.90 and a quick ratio of 0.90. Banco Santander Brasil has a 1 year low of $6.86 and a 1 year high of $11.75. The company has a market capitalization of $35,792.36, a price-to-earnings ratio of 17.33, a P/E/G ratio of 0.83 and a beta of 1.51.

Several hedge funds have recently added to or reduced their stakes in the stock. Citigroup Inc. grew its stake in shares of Banco Santander Brasil by 3.7% in the second quarter. Citigroup Inc. now owns 15,961 shares of the bank’s stock valued at $120,000 after acquiring an additional 566 shares in the last quarter. Advisor Group Inc. lifted its holdings in shares of Banco Santander Brasil by 5.8% in the second quarter. Advisor Group Inc. now owns 21,268 shares of the bank’s stock worth $120,000 after acquiring an additional 1,166 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Banco Santander Brasil by 14.0% in the second quarter. Oppenheimer & Co. Inc. now owns 39,282 shares of the bank’s stock worth $296,000 after acquiring an additional 4,810 shares during the last quarter. Caxton Associates LP lifted its holdings in shares of Banco Santander Brasil by 11.9% in the second quarter. Caxton Associates LP now owns 47,000 shares of the bank’s stock worth $354,000 after acquiring an additional 4,997 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Banco Santander Brasil by 20.7% in the second quarter. Tower Research Capital LLC TRC now owns 37,851 shares of the bank’s stock worth $285,000 after acquiring an additional 6,482 shares during the last quarter. Institutional investors and hedge funds own 1.56% of the company’s stock.

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About Banco Santander Brasil

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 (NYSE:BSBR)

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