Banco Santander (Brasil) (NYSE:BSBR) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Banco Santander (Brasil) (NYSE:BSBR) from a sell rating to a neutral rating in a report published on Wednesday morning, MarketBeat reports. They currently have $4.70 target price on the bank’s stock, up from their previous target price of $4.20.

Other research analysts have also issued research reports about the stock. StockNews.com lowered shares of Banco Santander (Brasil) from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. upgraded shares of Banco Santander (Brasil) from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $7.00 to $6.00 in a report on Monday, November 25th. Finally, Bank of America downgraded Banco Santander (Brasil) from a “buy” rating to a “neutral” rating in a report on Tuesday, December 10th.

Banco Santander (Brasil) Stock Up 5.5 %

Shares of BSBR opened at $4.74 on Wednesday. The business has a 50-day moving average of $4.18 and a 200-day moving average of $4.78. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.30 and a current ratio of 0.30. Banco Santander has a 1 year low of $3.75 and a 1 year high of $6.01.

Banco Santander (Brasil) Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Friday, January 24th will be given a dividend of $0.066 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 5.57%.

Institutional Investors Weigh In On Banco Santander (Brasil)

Large investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new position in shares of Banco Santander (Brasil) during the 4th quarter worth about $37,000. EntryPoint Capital LLC acquired a new position in Banco Santander (Brasil) during the 4th quarter worth approximately $47,000. GAMMA Investing LLC boosted its holdings in Banco Santander (Brasil) by 183.6% in the third quarter. GAMMA Investing LLC now owns 9,751 shares of the bank’s stock worth $51,000 after acquiring an additional 6,313 shares in the last quarter. Barclays PLC grew its stake in Banco Santander (Brasil) by 221.4% in the third quarter. Barclays PLC now owns 12,428 shares of the bank’s stock valued at $65,000 after acquiring an additional 8,561 shares during the period. Finally, R Squared Ltd bought a new stake in shares of Banco Santander (Brasil) during the fourth quarter valued at approximately $70,000. 14.53% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander (Brasil) Company Profile

Banco Santander (Brasil) SA, together with its subsidiaries, provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally. The company operates through Commercial Banking and Global Wholesale Banking segments. It offers local loans, commercial financing options, development bank funds, and cash management services; export and import financing, guarantees, structuring of asset services.