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

Banco Santander Brasil (NYSE:BSBR) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Monday.

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

Banco Santander Brasil Price Performance

Shares of BSBR opened at $7.04 on Monday. Banco Santander Brasil has a one year low of $4.26 and a one year high of $7.32. The stock has a 50-day moving average of $6.44 and a 200-day moving average of $5.88. The company has a debt-to-equity ratio of 3.13, a quick ratio of 1.34 and a current ratio of 1.34.

Institutional Investors Weigh In On Banco Santander Brasil

A number of institutional investors and hedge funds have recently bought and sold shares of BSBR. Checchi Capital Advisers LLC boosted its holdings in shares of Banco Santander Brasil by 10.0% in the 4th quarter. Checchi Capital Advisers LLC now owns 17,463 shares of the bank’s stock worth $107,000 after buying an additional 1,585 shares during the last quarter. Mariner LLC increased its holdings in Banco Santander Brasil by 1.8% during the fourth quarter. Mariner LLC now owns 97,928 shares of the bank’s stock worth $598,000 after buying an additional 1,732 shares during the last quarter. GAMMA Investing LLC raised its position in Banco Santander Brasil by 10.7% in the fourth quarter. GAMMA Investing LLC now owns 24,316 shares of the bank’s stock worth $149,000 after acquiring an additional 2,350 shares during the period. Invesco Ltd. boosted its stake in Banco Santander Brasil by 1.1% in the fourth quarter. Invesco Ltd. now owns 232,826 shares of the bank’s stock valued at $1,423,000 after acquiring an additional 2,631 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in Banco Santander Brasil by 288.1% in the fourth 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 during 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 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.