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

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

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

Banco Santander Brasil Price Performance

Banco Santander Brasil stock opened at $5.72 on Thursday. The company has a quick ratio of 1.62, a current 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. The business has a fifty day moving average price of $6.49 and a 200-day moving average price of $6.03.

Hedge Funds Weigh In On Banco Santander Brasil

Several large investors have recently added to or reduced their stakes in the company. Checchi Capital Advisers LLC boosted its stake in 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 purchasing an additional 1,585 shares during the period. Mariner LLC lifted its holdings in shares of Banco Santander Brasil by 1.8% in 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 in the last quarter. GAMMA Investing LLC boosted its position in shares of Banco Santander Brasil by 10.7% during 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 last quarter. Invesco Ltd. boosted its position in shares of Banco Santander Brasil by 1.1% during the fourth quarter. Invesco Ltd. now owns 232,826 shares of the bank’s stock worth $1,423,000 after acquiring an additional 2,631 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in Banco Santander Brasil by 288.1% during 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 in the last quarter. Hedge funds and other institutional investors own 14.53% of the company’s stock.

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.