BidaskClub upgraded shares of Banco Santander Brasil SA (NYSE:BSBR) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

BSBR has been the topic of several other research reports. J P Morgan Chase & Co raised shares of Banco Santander Brasil SA from an underweight rating to a neutral rating and increased their price target for the stock from $6.00 to $7.50 in a research report on Friday, May 19th. Credit Suisse Group upgraded shares of Banco Santander Brasil SA from a neutral rating to an outperform rating in a research note on Tuesday, April 18th. Zacks Investment Research lowered shares of Banco Santander Brasil SA from a buy rating to a hold rating in a research note on Thursday, April 27th. Bank of America Corporation upgraded shares of Banco Santander Brasil SA from an underperform rating to a neutral rating and upped their target price for the stock from $18.00 to $29.00 in a research note on Tuesday, May 2nd. Finally, HSBC Holdings plc upgraded shares of Banco Santander Brasil SA from a reduce rating to a hold rating in a research note on Thursday, May 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. Banco Santander Brasil SA has a consensus rating of Hold and a consensus target price of $12.22.

Banco Santander Brasil SA (NYSE:BSBR) traded down 0.48% on Friday, reaching $8.29. 842,616 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $7.83 and a 200-day moving average of $8.90. The stock has a market cap of $31.10 billion, a price-to-earnings ratio of 12.34 and a beta of 1.55. Banco Santander Brasil SA has a one year low of $6.29 and a one year high of $11.75.

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The business also recently declared a None dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 7th will be paid a $0.036 dividend. This is a positive change from Banco Santander Brasil SA’s previous None dividend of $0.04. The ex-dividend date is Thursday, August 3rd. Banco Santander Brasil SA’s dividend payout ratio is currently 29.55%.

A number of institutional investors have recently made changes to their positions in BSBR. State Street Corp raised its position in shares of Banco Santander Brasil SA by 3.8% in the fourth quarter. State Street Corp now owns 1,044,976 shares of the bank’s stock valued at $9,288,000 after buying an additional 38,391 shares in the last quarter. Profund Advisors LLC bought a new position in shares of Banco Santander Brasil SA during the first quarter valued at approximately $300,000. Acadian Asset Management LLC raised its position in shares of Banco Santander Brasil SA by 187.4% in the first quarter. Acadian Asset Management LLC now owns 1,532,911 shares of the bank’s stock valued at $13,520,000 after buying an additional 999,583 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Banco Santander Brasil SA by 168.8% in the first quarter. Wells Fargo & Company MN now owns 98,044 shares of the bank’s stock valued at $864,000 after buying an additional 61,565 shares in the last quarter. Finally, Boston Partners bought a new position in shares of Banco Santander Brasil SA during the first quarter valued at approximately $155,000. Institutional investors own 0.87% of the company’s stock.

About Banco Santander Brasil SA

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 SA (NYSE:BSBR)

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