Banco Santander Brasil (NYSE:BSBR) Raised to Buy at Wall Street Zen

Banco Santander Brasil (NYSE:BSBR) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Thursday.

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

Banco Santander Brasil Stock Down 1.8%

BSBR stock opened at $5.72 on Thursday. The firm has a fifty day moving average price of $6.49 and a 200 day moving average price of $6.03. Banco Santander Brasil has a fifty-two week low of $4.26 and a fifty-two week high of $7.32. The company has a debt-to-equity ratio of 3.15, a current ratio of 1.62 and a quick ratio of 1.62.

Hedge Funds Weigh In On Banco Santander Brasil

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada boosted its position in Banco Santander Brasil by 288.1% during the 4th quarter. Royal Bank of Canada now owns 5,038 shares of the bank’s stock valued at $31,000 after acquiring an additional 3,740 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Banco Santander Brasil during the 4th quarter worth $36,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Banco Santander Brasil during the 1st quarter worth $46,000. Tuttle Capital Management LLC bought a new stake in Banco Santander Brasil during the fourth quarter valued at about $66,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Banco Santander Brasil during the second quarter valued at about $70,000. 14.53% of the stock is currently 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.