Several other equities research analysts have also issued reports on BSBR. Morgan Stanley upgraded shares of Banco Santander Brasil from an “equal” rating to a “weight” rating in a research note on Wednesday, August 7th. Zacks Investment Research lowered shares of Banco Santander Brasil from a “hold” rating to a “sell” rating in a research note on Monday, October 14th. Finally, Citigroup upgraded shares of Banco Santander Brasil from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Banco Santander Brasil currently has an average rating of “Hold” and an average price target of $12.50.
NYSE:BSBR traded down $0.02 on Monday, hitting $11.09. The stock had a trading volume of 588,400 shares, compared to its average volume of 886,695. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.14 and a current ratio of 0.14. The stock has a market cap of $41.37 billion, a P/E ratio of 12.32, a price-to-earnings-growth ratio of 1.28 and a beta of 0.81. Banco Santander Brasil has a 1 year low of $9.68 and a 1 year high of $13.73. The firm’s fifty day simple moving average is $10.83 and its two-hundred day simple moving average is $11.22.
Banco Santander Brasil (NYSE:BSBR) last posted its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.23 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.23. The firm had revenue of $4.08 billion during the quarter. Banco Santander Brasil had a net margin of 15.45% and a return on equity of 14.88%. Equities research analysts predict that Banco Santander Brasil will post 0.96 EPS for the current year.
Several hedge funds have recently modified their holdings of BSBR. Bank of America Corp DE increased its stake in shares of Banco Santander Brasil by 419.2% during the 2nd quarter. Bank of America Corp DE now owns 898,421 shares of the bank’s stock worth $10,663,000 after purchasing an additional 725,377 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Banco Santander Brasil by 26.5% during the 2nd quarter. Renaissance Technologies LLC now owns 3,382,500 shares of the bank’s stock worth $40,150,000 after purchasing an additional 709,000 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Banco Santander Brasil during the 2nd quarter worth approximately $3,252,000. Provida Pension Fund Administrator purchased a new stake in shares of Banco Santander Brasil during the 2nd quarter worth approximately $1,407,000. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Banco Santander Brasil during the 1st quarter worth approximately $1,280,000. Institutional investors own 1.07% of the company’s stock.
Banco Santander Brasil Company Profile
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.
Further Reading: Book Value Of Equity Per Share – BVPS Explained
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