Banco Santander (Brasil) (NYSE:BSBR) Rating Increased to Buy at Bank of America

Banco Santander (Brasil) (NYSE:BSBR) was upgraded by analysts at Bank of America from a “neutral” rating to a “buy” rating in a report issued on Monday, Marketbeat.com reports.

Banco Santander (Brasil) Stock Performance

BSBR stock opened at $5.82 on Monday. Banco Santander has a 12 month low of $4.93 and a 12 month high of $6.66. The firm has a 50-day moving average price of $5.57 and a 200-day moving average price of $5.88. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.26 and a quick ratio of 0.26.

Institutional Investors Weigh In On Banco Santander (Brasil)

Large investors have recently made changes to their positions in the business. Signaturefd LLC lifted its holdings in Banco Santander (Brasil) by 8.5% during the third quarter. Signaturefd LLC now owns 23,560 shares of the bank’s stock valued at $121,000 after purchasing an additional 1,852 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of Banco Santander (Brasil) by 63.5% during the 4th quarter. Parallel Advisors LLC now owns 6,522 shares of the bank’s stock valued at $43,000 after buying an additional 2,533 shares in the last quarter. Ballentine Partners LLC grew its stake in Banco Santander (Brasil) by 24.3% in the 1st quarter. Ballentine Partners LLC now owns 16,137 shares of the bank’s stock valued at $92,000 after buying an additional 3,156 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Banco Santander (Brasil) by 15.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,721 shares of the bank’s stock valued at $214,000 after acquiring an additional 4,359 shares during the period. Finally, Advisor Partners II LLC lifted its position in shares of Banco Santander (Brasil) by 30.5% during the third quarter. Advisor Partners II LLC now owns 19,367 shares of the bank’s stock worth $99,000 after acquiring an additional 4,526 shares in the last quarter. 14.53% of the stock is owned by hedge funds and other institutional investors.

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.