Banco Santander Brasil (NYSE:BSBR) Rating Lowered to “Hold” at Wall Street Zen

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

Separately, Weiss Ratings cut Banco Santander Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. One equities 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Banco Santander Brasil Stock Up 1.9%

Shares of BSBR opened at $6.21 on Wednesday. The company has a 50-day moving average of $6.53 and a two-hundred day moving average of $6.01. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 3.15. Banco Santander Brasil has a one year low of $4.26 and a one year high of $7.32.

Institutional Inflows and Outflows

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