Banco Santander Brasil (BSBR) Rating Lowered to Hold at Zacks Investment Research

Banco Santander Brasil (NYSE:BSBR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday, Zacks.com reports.

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. “

Separately, ValuEngine downgraded shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Seven equities research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and a consensus target price of $11.50.

Shares of Banco Santander Brasil stock traded up $0.52 on Tuesday, reaching $10.91. The stock had a trading volume of 1,192,900 shares, compared to its average volume of 917,719. Banco Santander Brasil has a 1 year low of $7.20 and a 1 year high of $13.73. The company has a market cap of $37.91 billion, a price-to-earnings ratio of 12.12, a PEG ratio of 1.00 and a beta of 0.88. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.11.

Banco Santander Brasil (NYSE:BSBR) last announced its quarterly earnings results on Wednesday, March 27th. The bank reported $0.25 earnings per share (EPS) for the quarter. Banco Santander Brasil had a net margin of 14.82% and a return on equity of 14.54%. The firm had revenue of $4.09 billion for the quarter. On average, sell-side analysts predict that Banco Santander Brasil will post 0.97 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the company. Macquarie Group Ltd. raised its stake in Banco Santander Brasil by 0.3% in the first quarter. Macquarie Group Ltd. now owns 4,670,466 shares of the bank’s stock valued at $52,449,000 after purchasing an additional 14,000 shares in the last quarter. Renaissance Technologies LLC raised its stake in Banco Santander Brasil by 43.7% in the first quarter. Renaissance Technologies LLC now owns 2,673,500 shares of the bank’s stock valued at $30,023,000 after purchasing an additional 812,600 shares in the last quarter. BlackRock Inc. raised its stake in Banco Santander Brasil by 16.5% in the third quarter. BlackRock Inc. now owns 1,873,461 shares of the bank’s stock valued at $16,506,000 after purchasing an additional 264,770 shares in the last quarter. Morgan Stanley raised its stake in Banco Santander Brasil by 332.6% in the first quarter. Morgan Stanley now owns 692,927 shares of the bank’s stock valued at $7,781,000 after purchasing an additional 532,732 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in Banco Santander Brasil by 32.7% in the fourth quarter. Deutsche Bank AG now owns 504,390 shares of the bank’s stock valued at $5,613,000 after purchasing an additional 124,209 shares in the last quarter. 1.09% of the stock is currently owned by hedge funds and other institutional investors.

About Banco Santander Brasil

Banco Santander (Brasil) SA provides commercial banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally. It operates through two segments, Commercial Banking and Global Wholesale Banking. The company offers checking and savings accounts; priority services, such as withdrawals, debit cards, deposits, and transfers; onshore and offshore financial products and services, investment advice, and asset management services; consumer credit for purchasing motor vehicles, and other goods and services; local loans, commercial finance, trade finance, guarantees, structured loans, and cash management and funding solutions, as well as Banco Nacional de Desenvolvimento Econômico e Social on-lending transfer services; payroll, mortgage, and agribusiness loans, as well as microcredit; investment products; and credit cards and foreign exchange services.

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