Banco Santander (Brasil) (NYSE:BSBR) Downgraded by StockNews.com to Hold

StockNews.com cut shares of Banco Santander (Brasil) (NYSE:BSBR) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning.

Separately, JPMorgan Chase & Co. raised Banco Santander (Brasil) from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $7.00 to $6.00 in a report on Monday.

Banco Santander (Brasil) Trading Up 0.4 %

BSBR opened at $4.61 on Tuesday. The company has a fifty day moving average of $4.95 and a two-hundred day moving average of $5.17. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.25. Banco Santander has a fifty-two week low of $4.32 and a fifty-two week high of $6.66.

Banco Santander (Brasil) Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Monday, October 21st were paid a dividend of $0.0714 per share. The ex-dividend date was Monday, October 21st. This represents a $0.29 annualized dividend and a yield of 6.20%.

Institutional Investors Weigh In On Banco Santander (Brasil)

Several institutional investors and hedge funds have recently added to or reduced their stakes in BSBR. Dimensional Fund Advisors LP boosted its position in Banco Santander (Brasil) by 11.5% during the second quarter. Dimensional Fund Advisors LP now owns 30,067 shares of the bank’s stock worth $149,000 after acquiring an additional 3,098 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Banco Santander (Brasil) by 41.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,024 shares of the bank’s stock worth $71,000 after purchasing an additional 4,387 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Banco Santander (Brasil) by 183.6% in the third quarter. GAMMA Investing LLC now owns 9,751 shares of the bank’s stock valued at $51,000 after purchasing an additional 6,313 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings 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 valued at $99,000 after purchasing an additional 7,608 shares during the last quarter. Finally, Barclays PLC lifted its position in Banco Santander (Brasil) by 221.4% during the third quarter. Barclays PLC now owns 12,428 shares of the bank’s stock worth $65,000 after buying an additional 8,561 shares in the last quarter. Institutional investors and hedge funds own 14.53% of the company’s stock.

About Banco Santander (Brasil)

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.