Banco Santander Brasil (NYSE:BSBR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Banco Santander Brasil (NYSE:BSBR) from a buy rating to a strong-buy rating in a research report sent to investors on Tuesday.

Separately, Weiss Ratings raised shares of Banco Santander Brasil from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, January 26th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Banco Santander Brasil Stock Down 3.9%

Shares of BSBR stock opened at $6.09 on Tuesday. Banco Santander Brasil has a 1 year low of $4.26 and a 1 year high of $7.32. The company has a current ratio of 1.62, a quick ratio of 1.34 and a debt-to-equity ratio of 3.15. The business’s fifty day moving average is $6.54 and its 200-day moving average is $5.97.

Banco Santander Brasil Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its position in shares of Banco Santander Brasil by 288.1% in the 4th quarter. Royal Bank of Canada now owns 5,038 shares of the bank’s stock valued at $31,000 after acquiring an additional 3,740 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Banco Santander Brasil during the 4th quarter valued at $36,000. Hantz Financial Services Inc. lifted its holdings in shares of Banco Santander Brasil by 553.9% in the second quarter. Hantz Financial Services Inc. now owns 6,997 shares of the bank’s stock valued at $38,000 after purchasing an additional 5,927 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Banco Santander Brasil in the first quarter worth $46,000. Finally, Tuttle Capital Management LLC purchased a new position in shares of Banco Santander Brasil during the fourth quarter valued at $66,000. 14.53% of the stock is owned by hedge funds and other institutional investors.

Banco Santander Brasil Company Profile

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.