Banco Santander Brasil (NYSE:BSBR) Downgraded to Buy Rating by Wall Street Zen

Wall Street Zen cut shares of Banco Santander Brasil (NYSE:BSBR) from a strong-buy rating to a buy rating in a report published on Monday.

Separately, Weiss Ratings raised Banco Santander Brasil from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, January 26th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Banco Santander Brasil Stock Down 4.6%

Shares of BSBR stock opened at $6.73 on Monday. The firm has a fifty day moving average of $6.45 and a two-hundred day moving average of $5.90. Banco Santander Brasil has a 1-year low of $4.26 and a 1-year high of $7.32. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.34 and a quick ratio of 1.34.

Banco Santander Brasil Announces Dividend

The business also recently announced a special dividend, which was paid on Wednesday, February 18th. Stockholders of record on Thursday, January 22nd were issued a dividend of $0.1001 per share. The ex-dividend date of this dividend was Thursday, January 22nd.

Institutional Trading of Banco Santander Brasil

Several hedge funds have recently made changes to their positions in BSBR. Cubist Systematic Strategies LLC bought a new position in Banco Santander Brasil during the 1st quarter worth $46,000. Hantz Financial Services Inc. boosted its holdings in shares of Banco Santander Brasil by 553.9% during the second quarter. Hantz Financial Services Inc. now owns 6,997 shares of the bank’s stock valued at $38,000 after acquiring an additional 5,927 shares during the period. Savant Capital LLC bought a new position in shares of Banco Santander Brasil during the second quarter worth about $123,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Banco Santander Brasil during the second quarter worth about $70,000. Finally, Vise Technologies Inc. acquired a new stake in shares of Banco Santander Brasil in the 2nd quarter worth about $94,000. Institutional investors own 14.53% of the company’s stock.

About Banco Santander Brasil

Banco Santander Brasil SA is the Brazilian unit of Spain-based Grupo Santander and one of the country’s major commercial banks. Headquartered in São Paulo, the bank serves a broad client base across Brazil through an integrated network of branches, ATMs and digital channels. Its shares are represented abroad via American Depositary Shares listed on the New York Stock Exchange under the ticker BSBR.

The bank offers a full range of financial products and services for retail, small and medium-sized enterprises, and corporate clients.