ValuEngine upgraded shares of Banco Santander Brasil (NYSE:BSBR) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning, ValuEngine reports.

A number of other equities analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Banco Santander Brasil from a buy rating to a hold rating in a report on Friday, November 15th. Morgan Stanley upgraded shares of Banco Santander Brasil from an equal rating to a weight rating in a research report on Wednesday, August 7th. Citigroup raised shares of Banco Santander Brasil from a neutral rating to a buy rating in a report on Tuesday, August 27th. Finally, UBS Group upgraded shares of Banco Santander Brasil from a sell rating to a neutral rating in a research report on Thursday, November 21st. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $12.00.

Banco Santander Brasil stock opened at $10.57 on Tuesday. Banco Santander Brasil has a 52-week low of $9.68 and a 52-week high of $13.73. The company has a market cap of $38.80 billion, a P/E ratio of 11.74, a P/E/G ratio of 1.19 and a beta of 0.80. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.11. The business has a 50-day simple moving average of $11.22 and a two-hundred day simple moving average of $11.19.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC increased its position in Banco Santander Brasil by 26.5% in the second quarter. Renaissance Technologies LLC now owns 3,382,500 shares of the bank’s stock worth $40,150,000 after buying an additional 709,000 shares in the last quarter. State Street Corp grew its stake in shares of Banco Santander Brasil by 2.1% during the 3rd quarter. State Street Corp now owns 2,258,562 shares of the bank’s stock valued at $24,596,000 after acquiring an additional 45,425 shares during the period. Bank of America Corp DE grew 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 valued at $10,663,000 after acquiring an additional 725,377 shares during the period. Morgan Stanley increased its holdings in Banco Santander Brasil by 6.0% in the 2nd quarter. Morgan Stanley now owns 734,612 shares of the bank’s stock worth $8,721,000 after acquiring an additional 41,685 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its holdings in Banco Santander Brasil by 7.0% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 529,042 shares of the bank’s stock worth $6,280,000 after acquiring an additional 34,474 shares in the last quarter. Institutional investors own 1.01% 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.

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