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

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.

Separately, Weiss Ratings cut shares of Banco Santander Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 6th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Banco Santander Brasil presently has an average rating of “Hold”.

Banco Santander Brasil Stock Up 0.6%

Banco Santander Brasil stock opened at $5.77 on Thursday. The business has a 50-day simple moving average of $6.48 and a 200 day simple moving average of $6.03. Banco Santander Brasil has a 52 week low of $4.26 and a 52 week high of $7.32. 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 Dividend Announcement

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

Institutional Trading of Banco Santander Brasil

A number of institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada increased 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 period. Caitong International Asset Management Co. Ltd purchased a new stake in Banco Santander Brasil during the 4th quarter valued at $36,000. Cubist Systematic Strategies LLC purchased a new stake in Banco Santander Brasil during the 1st quarter valued at $46,000. Tuttle Capital Management LLC bought a new stake in Banco Santander Brasil in the 4th quarter worth $66,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Banco Santander Brasil in the second quarter valued at about $70,000. Hedge funds and other institutional investors own 14.53% of the company’s stock.

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.