Banco Santander Brasil (NYSE:BSBR) Upgraded by Wall Street Zen to “Strong-Buy” Rating

Banco Santander Brasil (NYSE:BSBR) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Friday.

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

Banco Santander Brasil Trading Down 2.3%

BSBR opened at $5.66 on Friday. Banco Santander Brasil has a 1-year low of $4.26 and a 1-year high of $7.32. The stock’s 50 day simple moving average is $6.42 and its 200 day simple moving average is $6.04. The company has a debt-to-equity ratio of 3.15, a quick ratio of 1.62 and a current ratio of 1.62.

Insider Activity at Banco Santander Brasil

In other news, insider Rafael Abujamra Kappaz sold 31,285 shares of the company’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $5.76, for a total transaction of $180,201.60. Following the completion of the transaction, the insider owned 35,049 shares of the company’s stock, valued at $201,882.24. This represents a 47.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.06% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Banco Santander Brasil

A number of institutional investors have recently bought and sold shares of BSBR. American Century Companies Inc. raised its stake in Banco Santander Brasil by 21.2% during the second quarter. American Century Companies Inc. now owns 744,630 shares of the bank’s stock worth $4,058,000 after purchasing an additional 130,366 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Banco Santander Brasil by 5.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,526,757 shares of the bank’s stock valued at $13,771,000 after purchasing an additional 121,804 shares during the last quarter. Vident Advisory LLC grew its stake in shares of Banco Santander Brasil by 185.7% during the 4th quarter. Vident Advisory LLC now owns 31,805 shares of the bank’s stock valued at $194,000 after buying an additional 20,672 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Banco Santander Brasil during the 4th quarter worth $143,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Banco Santander Brasil during the 4th quarter worth $111,000. 14.53% of the stock is currently owned by hedge funds and other institutional investors.

About Banco Santander Brasil

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.