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. “
Several other research firms have also commented on BSBR. Citigroup raised shares of Banco Santander Brasil from a “neutral” rating to a “buy” rating in a report on Tuesday, August 27th. Morgan Stanley raised shares of Banco Santander Brasil from an “equal” rating to a “weight” rating in a report on Wednesday, August 7th. ValuEngine lowered shares of Banco Santander Brasil from a “sell” rating to a “strong sell” rating in a report on Wednesday, September 4th. Finally, Goldman Sachs Group began coverage on shares of Banco Santander Brasil in a report on Monday, June 10th. They set a “neutral” rating and a $12.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Banco Santander Brasil currently has a consensus rating of “Hold” and an average target price of $12.50.
BSBR stock opened at $10.61 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.14 and a current ratio of 0.14. Banco Santander Brasil has a 52 week low of $9.68 and a 52 week high of $13.73. The firm’s fifty day moving average is $10.56 and its 200 day moving average is $11.23. The firm has a market cap of $40.96 billion, a P/E ratio of 11.79, a P/E/G ratio of 1.27 and a beta of 0.81.
Banco Santander Brasil (NYSE:BSBR) last released its earnings results on Tuesday, July 23rd. The bank reported $0.23 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.23. Banco Santander Brasil had a net margin of 15.45% and a return on equity of 14.88%. The company had revenue of $4.08 billion for the quarter. As a group, analysts forecast that Banco Santander Brasil will post 0.96 EPS for the current year.
A number of institutional investors have recently made changes to their positions in the business. Provida Pension Fund Administrator bought a new stake in Banco Santander Brasil in the 2nd quarter worth $1,407,000. Royal Bank of Canada grew its holdings in Banco Santander Brasil by 142.3% in the 2nd quarter. Royal Bank of Canada now owns 39,267 shares of the bank’s stock worth $467,000 after acquiring an additional 23,059 shares during the last quarter. Susquehanna Fundamental Investments LLC grew its holdings in Banco Santander Brasil by 22.7% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 21,100 shares of the bank’s stock worth $250,000 after acquiring an additional 3,900 shares during the last quarter. Voloridge Investment Management LLC bought a new stake in Banco Santander Brasil in the 2nd quarter worth $582,000. Finally, Pictet Asset Management Ltd. bought a new stake in Banco Santander Brasil in the 2nd quarter worth $268,000. 1.07% of the stock is currently owned by institutional investors and hedge funds.
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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