Banco Santander Brasil (NYSE:BSBR) Upgraded at Wall Street Zen

Banco Santander Brasil (NYSE:BSBR) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Sunday.

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

Banco Santander Brasil Stock Performance

NYSE BSBR opened at $6.58 on Friday. Banco Santander Brasil has a 52 week low of $4.26 and a 52 week high of $7.32. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 3.13. The firm has a 50 day moving average of $6.36 and a two-hundred day moving average of $5.81.

Hedge Funds Weigh In On Banco Santander Brasil

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Checchi Capital Advisers LLC lifted its position in shares of Banco Santander Brasil by 10.0% in the fourth quarter. Checchi Capital Advisers LLC now owns 17,463 shares of the bank’s stock worth $107,000 after purchasing an additional 1,585 shares in the last quarter. GAMMA Investing LLC grew its holdings in Banco Santander Brasil by 10.7% in the 4th quarter. GAMMA Investing LLC now owns 24,316 shares of the bank’s stock valued at $149,000 after buying an additional 2,350 shares during the last quarter. Engineers Gate Manager LP grew its position in Banco Santander Brasil by 40.9% in the 2nd quarter. Engineers Gate Manager LP now owns 18,910 shares of the bank’s stock worth $103,000 after purchasing an additional 5,490 shares during the last quarter. Hantz Financial Services Inc. increased its position 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 during the period. Finally, Brooklyn Investment Group grew its stake in shares of Banco Santander Brasil by 14.3% in the 4th quarter. Brooklyn Investment Group now owns 58,972 shares of the bank’s stock valued at $356,000 after purchasing an additional 7,356 shares during the period. 14.53% of the stock is currently 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.