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

Wall Street Zen upgraded shares of Banco Santander Brasil (NYSE:BSBR) from a hold rating to a buy rating in a research note released on Thursday morning.

Separately, Weiss Ratings lowered Banco Santander Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 6th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Banco Santander Brasil Stock Down 4.1%

Shares of Banco Santander Brasil stock opened at $5.53 on Thursday. The business has a 50 day moving average price of $6.46 and a 200 day moving average price of $6.03. The company has a debt-to-equity ratio of 3.15, a quick ratio of 1.62 and a current ratio of 1.62. Banco Santander Brasil has a 1 year low of $4.26 and a 1 year high of $7.32.

Banco Santander Brasil Announces Dividend

The business also recently disclosed 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.

Insider Buying and Selling at Banco Santander Brasil

In related news, insider Rafael Abujamra Kappaz sold 31,285 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $5.76, for a total value of $180,201.60. Following the transaction, the insider directly owned 35,049 shares of the company’s stock, valued at approximately $201,882.24. This trade represents a 47.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.06% of the company’s stock.

Hedge Funds Weigh In On Banco Santander Brasil

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its stake in shares of Banco Santander Brasil by 288.1% in the fourth quarter. Royal Bank of Canada now owns 5,038 shares of the bank’s stock worth $31,000 after buying an additional 3,740 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Banco Santander Brasil in the 4th quarter valued at $36,000. Cubist Systematic Strategies LLC bought a new position in Banco Santander Brasil in the 1st quarter worth $46,000. Tuttle Capital Management LLC acquired a new position in Banco Santander Brasil during the 4th quarter worth $66,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in Banco Santander Brasil during the 4th quarter worth $76,000. Institutional investors and hedge funds 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.