Banco Santander Brasil SA (ADR) (NYSE:BSBR): Gained 11.5% in One Month

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Dallas, Texas 10/14/2013 (Financialstrend) – Sao Paulo, Brazil based Banco Santander Brasil SA (ADR) (NYSE:BSBR) is a full service bank operating in domestic as well as international markets. The bank operates in Commercial Banking segment, Global Wholesale Banking segment as well as Asset Management and Insurance segment.

Banco Santander’s market cap is around $26.87 billion with total 3.8 billion shares outstanding. The P/E ratio for the trailing twelve months period is 11.22 which is comparable to industry peers like Banco Bradesco SA (ADR) (NYSE:BBD) and Itau Unibanco Holding SA (ADR) (NYSE:ITUB) having P/E ratio of 10.83 and 11.08 respectively. The market capitalization of BBD is around $61.48 billion with 4.20 billion total shares outstanding, whereas of ITUB is around $69.74 billion with 4.74 billion total shares outstanding.

On Friday, October 11, 2013 the stock gained 0.43% to close at $7.07, around 28% above its 52 week low of $5.52 and about 11.3% below its 52 week high of $7.98. The stock traded with volume of 4.84 million shares against its 30 day average volume of 5.29 million shares. At current market price, the stock is trading around 5% above its 200 day SMA and more than 13.5% above its 50 day SMA. The stock has reported over 11.5% gains during past one month’s trade, however, during trailing twelve months period the stock has witnessed marginal decline of 3.42%. The stock has significantly underperformed S&P 500 which is increased by 18.27% during the 52 week period.

Recently in consideration with Banco Santander’s new capital management plan, Citigroup upgraded their rating for the stock to ‘neutral’. Out of six equities research analysts following the stock, one has rated ‘buy’; four have rated ‘hold’ and one analysts has given ‘underperform’ rating for the stock. The consensus price target for the stock is $7.4 which suggests over 4.45% potential upside from its previous closing.

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