Banco Santander Brasil (NYSE:BSBR) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research downgraded shares of Banco Santander Brasil (NYSE:BSBR) from a buy rating to a hold rating in a report issued on Monday morning, 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, Goldman Sachs Group downgraded shares of SUMCO CORP/ADR from a buy rating to a neutral rating in a research note on Monday, June 10th. Five investment analysts have rated the stock with a hold rating, The stock currently has a consensus rating of Hold and a consensus price target of $12.50.

Shares of Banco Santander Brasil stock traded down $0.03 on Monday, hitting $12.36. 24,260 shares of the company traded hands, compared to its average volume of 901,724. The company has a 50 day moving average of $11.58. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.93 and a current ratio of 0.93. Banco Santander Brasil has a 52 week low of $7.61 and a 52 week high of $13.73. The stock has a market cap of $46.49 billion, a P/E ratio of 13.67, a PEG ratio of 1.23 and a beta of 0.80.

Banco Santander Brasil (NYSE:BSBR) last posted its quarterly earnings results on Tuesday, April 30th. The bank reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.02. Banco Santander Brasil had a net margin of 14.82% and a return on equity of 14.54%. The firm had revenue of $4.02 billion during the quarter. On average, analysts forecast that Banco Santander Brasil will post 0.97 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Tuesday, July 9th will be paid a dividend of $0.059 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Monday, July 8th. This is an increase from Banco Santander Brasil’s previous quarterly dividend of $0.04. Banco Santander Brasil’s payout ratio is currently 26.67%.

A number of large investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its stake in Banco Santander Brasil by 33.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,303 shares of the bank’s stock worth $59,000 after buying an additional 1,322 shares in the last quarter. American Century Companies Inc. raised its stake in Banco Santander Brasil by 1.1% in the fourth quarter. American Century Companies Inc. now owns 176,560 shares of the bank’s stock worth $1,965,000 after buying an additional 1,986 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Banco Santander Brasil by 21.8% in the first quarter. BNP Paribas Arbitrage SA now owns 11,703 shares of the bank’s stock worth $131,000 after buying an additional 2,096 shares in the last quarter. Quantamental Technologies LLC bought a new position in Banco Santander Brasil in the first quarter worth approximately $26,000. Finally, Quadrant Capital Group LLC raised its stake in Banco Santander Brasil by 71.7% in the first quarter. Quadrant Capital Group LLC now owns 15,657 shares of the bank’s stock worth $175,000 after buying an additional 6,537 shares in the last quarter. 1.06% of the stock is owned by 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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