Banco Santander (Brasil) (NYSE:BSBR) Upgraded to Buy by Bank of America

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

Banco Santander (Brasil) Stock Performance

NYSE:BSBR opened at $5.82 on Monday. The stock’s fifty day moving average is $5.57 and its 200 day moving average is $5.88. Banco Santander has a fifty-two week low of $4.93 and a fifty-two week high of $6.66. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.26 and a current ratio of 0.26.

Institutional Trading of Banco Santander (Brasil)

A number of institutional investors have recently modified their holdings of BSBR. Quantbot Technologies LP acquired a new stake in Banco Santander (Brasil) during the 3rd quarter worth about $31,000. Parallel Advisors LLC lifted its holdings in shares of Banco Santander (Brasil) by 63.5% during the fourth quarter. Parallel Advisors LLC now owns 6,522 shares of the bank’s stock worth $43,000 after purchasing an additional 2,533 shares during the period. BNP Paribas Financial Markets boosted its position in Banco Santander (Brasil) by 220.0% in the first quarter. BNP Paribas Financial Markets now owns 7,095 shares of the bank’s stock valued at $41,000 after buying an additional 4,878 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in Banco Santander (Brasil) in the 3rd quarter worth approximately $52,000. Finally, Ballentine Partners LLC raised its position in Banco Santander (Brasil) by 24.3% during the 1st quarter. Ballentine Partners LLC now owns 16,137 shares of the bank’s stock worth $92,000 after buying an additional 3,156 shares during the last quarter. 14.53% of the stock is currently owned by 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.