Analysts Expect Banco Santander Brasil SA (NYSE:BSBR) to Post $0.14 Earnings Per Share

Wall Street brokerages forecast that Banco Santander Brasil SA (NYSE:BSBR) will report earnings of $0.14 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have made estimates for Banco Santander Brasil SA’s earnings, with estimates ranging from $0.11 to $0.17. Banco Santander Brasil SA reported earnings of $0.07 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 100%. The firm is scheduled to issue its next earnings report on Wednesday, July 26th.

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On average, analysts expect that Banco Santander Brasil SA will report full year earnings of $0.56 per share for the current financial year, with EPS estimates ranging from $0.43 to $0.69. For the next year, analysts forecast that the business will report earnings of $0.60 per share, with EPS estimates ranging from $0.44 to $0.76. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Banco Santander Brasil SA.

Several research firms have commented on BSBR. Bank of America Corporation upgraded shares of Banco Santander Brasil SA from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $18.00 to $29.00 in a research note on Tuesday, May 2nd. 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. BidaskClub upgraded shares of Banco Santander Brasil SA from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Deutsche Bank AG raised shares of Banco Santander Brasil SA from a “sell” rating to a “hold” rating and set a $8.00 target price for the company in a research report on Thursday, April 27th. Finally, Santander raised shares of Banco Santander Brasil SA from a “sell” rating to a “neutral” rating in a research report on Friday, April 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $12.22.

Banco Santander Brasil SA (NYSE:BSBR) traded down 0.85% during trading on Monday, reaching $8.18. The company had a trading volume of 973,425 shares. Banco Santander Brasil SA has a one year low of $5.76 and a one year high of $11.75. The company has a market capitalization of $30.76 billion, a price-to-earnings ratio of 13.07 and a beta of 1.54. The company has a 50-day moving average price of $7.72 and a 200 day moving average price of $8.98.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NN Investment Partners Holdings N.V. bought a new position in Banco Santander Brasil SA during the first quarter worth $118,000. Koch Industries Inc. bought a new position in Banco Santander Brasil SA during the first quarter worth $121,000. Boston Partners bought a new position in Banco Santander Brasil SA during the first quarter worth $155,000. Two Sigma Securities LLC bought a new position in Banco Santander Brasil SA during the first quarter worth $155,000. Finally, O Shaughnessy Asset Management LLC bought a new position in Banco Santander Brasil SA during the first quarter worth $196,000. 0.88% of the stock is owned by hedge funds and other institutional investors.

Banco Santander Brasil SA Company Profile

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.

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