Banco Santander Brasil (NYSE:BSBR) Stock Rating Upgraded by Wall Street Zen

Banco Santander Brasil (NYSE:BSBR) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Sunday.

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

Banco Santander Brasil Trading Down 2.8%

Shares of BSBR opened at $6.58 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 3.13. The firm’s fifty day simple moving average is $6.37 and its two-hundred day simple moving average is $5.83. Banco Santander Brasil has a 12 month low of $4.26 and a 12 month high of $7.32.

Institutional Trading of Banco Santander Brasil

Large investors have recently modified their holdings of the business. Hantz Financial Services Inc. boosted its holdings in 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 acquiring an additional 5,927 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Banco Santander Brasil during the 1st quarter worth approximately $46,000. Tuttle Capital Management LLC bought a new position in shares of Banco Santander Brasil in the 4th quarter worth approximately $66,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Banco Santander Brasil in the 2nd quarter valued at approximately $70,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of Banco Santander Brasil during the fourth quarter valued at approximately $76,000. 14.53% of the stock is owned by 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.