Banco Santander (Brasil) (NYSE:BSBR) Lowered to “Hold” Rating by StockNews.com

Banco Santander (Brasil) (NYSE:BSBR) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Friday.

Several other brokerages have also recently issued reports on BSBR. Bank of America cut shares of Banco Santander (Brasil) from a “buy” rating to a “neutral” rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. raised shares of Banco Santander (Brasil) from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $7.00 to $6.00 in a report on Monday, November 25th. Finally, The Goldman Sachs Group upgraded shares of Banco Santander (Brasil) from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $4.20 to $4.70 in a research report on Wednesday, February 12th.

Banco Santander (Brasil) Price Performance

BSBR stock traded down $0.09 during trading on Friday, hitting $4.63. 394,971 shares of the company traded hands, compared to its average volume of 892,452. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average of $4.24 and a 200-day moving average of $4.77. Banco Santander has a 1 year low of $3.75 and a 1 year high of $6.01.

Hedge Funds Weigh In On Banco Santander (Brasil)

Institutional investors and hedge funds have recently made changes to their positions in the business. Robeco Institutional Asset Management B.V. grew its stake in shares of Banco Santander (Brasil) by 107.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 378,361 shares of the bank’s stock worth $1,990,000 after buying an additional 196,141 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Banco Santander (Brasil) by 68.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,741 shares of the bank’s stock worth $99,000 after acquiring an additional 7,608 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Banco Santander (Brasil) during the third quarter valued at $103,000. BNP Paribas Financial Markets raised its position in shares of Banco Santander (Brasil) by 186.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 42,558 shares of the bank’s stock worth $224,000 after purchasing an additional 27,675 shares during the last quarter. Finally, Walleye Capital LLC bought a new position in Banco Santander (Brasil) in the 3rd quarter worth about $85,000. Institutional investors own 14.53% of the company’s stock.

Banco Santander (Brasil) Company Profile

Banco Santander (Brasil) SA, together with its subsidiaries, provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally. The company operates through Commercial Banking and Global Wholesale Banking segments. It offers local loans, commercial financing options, development bank funds, and cash management services; export and import financing, guarantees, structuring of asset services.