Shares of Banco Santander Brasil SA (NYSE:BSBR) have been assigned a consensus recommendation of “Hold” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $12.00.

Several equities research analysts recently issued reports on BSBR shares. ValuEngine raised Banco Santander Brasil from a “hold” rating to a “buy” rating in a research report on Monday, October 8th. Zacks Investment Research raised Banco Santander Brasil from a “strong sell” rating to a “hold” rating in a research report on Wednesday.

A number of hedge funds and other institutional investors have recently modified their holdings of BSBR. NumerixS Investment Technologies Inc increased its position in Banco Santander Brasil by 245.8% in the second quarter. NumerixS Investment Technologies Inc now owns 20,400 shares of the bank’s stock worth $152,000 after buying an additional 14,500 shares during the period. Citadel Advisors LLC acquired a new stake in Banco Santander Brasil in the second quarter worth $310,000. Sei Investments Co. increased its position in Banco Santander Brasil by 16.6% in the second quarter. Sei Investments Co. now owns 63,957 shares of the bank’s stock worth $480,000 after buying an additional 9,102 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in Banco Santander Brasil in the second quarter worth $625,000. Finally, Eqis Capital Management Inc. acquired a new stake in Banco Santander Brasil in the second quarter worth $682,000. 1.10% of the stock is currently owned by hedge funds and other institutional investors.

Shares of BSBR stock traded up $0.03 on Monday, hitting $10.80. 1,897,152 shares of the stock traded hands, compared to its average volume of 1,239,809. The firm has a market cap of $40.38 billion, a P/E ratio of 14.79, a P/E/G ratio of 0.95 and a beta of 1.54. Banco Santander Brasil has a 1-year low of $7.20 and a 1-year high of $12.11.

Banco Santander Brasil (NYSE:BSBR) last posted its quarterly earnings results on Wednesday, July 25th. The bank reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.02). The firm had revenue of $4.11 billion for the quarter. Banco Santander Brasil had a net margin of 12.16% and a return on equity of 11.68%. On average, equities research analysts forecast that Banco Santander Brasil will post 0.93 earnings per share for the current fiscal year.

The business also recently announced a special dividend, which will be paid on Friday, November 2nd. Shareholders of record on Thursday, October 11th will be given a $0.04 dividend. The ex-dividend date is Wednesday, October 10th. Banco Santander Brasil’s dividend payout ratio is presently 19.18%.

About Banco Santander Brasil

Banco Santander (Brasil) SA provides banking products and services in Brazil and internationally. The company operates in two segments, Commercial Banking and Global Wholesale Banking. It offers savings and investment products, annuities, loans and advances, mortgage loans, credit cards, pension plans, and social securities, as well as leasing and foreign exchange services.

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