Banco Santander Brasil (NYSE:BSBR) Rating Lowered 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 research note issued to investors on Saturday.

A number of other equities research analysts also recently weighed in on the company. Weiss Ratings raised Banco Santander Brasil from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, January 26th. The Goldman Sachs Group downgraded Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $4.70.

Banco Santander Brasil Stock Down 0.3%

BSBR stock opened at $6.49 on Friday. The company’s 50-day moving average price is $6.32 and its two-hundred day moving average price is $5.73. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.34 and a quick ratio of 1.34. Banco Santander Brasil has a 12 month low of $4.26 and a 12 month high of $7.32.

Hedge Funds Weigh In On Banco Santander Brasil

Several large investors have recently bought and sold shares of BSBR. Hantz Financial Services Inc. boosted its stake in shares of Banco Santander Brasil by 553.9% during the second quarter. Hantz Financial Services Inc. now owns 6,997 shares of the bank’s stock valued at $38,000 after purchasing an additional 5,927 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in Banco Santander Brasil in the 1st quarter valued at approximately $46,000. Tuttle Capital Management LLC acquired a new stake in Banco Santander Brasil during the 4th quarter worth approximately $66,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in Banco Santander Brasil during the 4th quarter worth approximately $76,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Banco Santander Brasil in the 2nd quarter valued at approximately $70,000. 14.53% of the stock is currently owned by 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.