Banco Santander (Brasil) (NYSE:BSBR) Rating Lowered to Hold at StockNews.com

StockNews.com downgraded shares of Banco Santander (Brasil) (NYSE:BSBR) from a buy rating to a hold rating in a report released on Friday.

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

Banco Santander (Brasil) Stock Performance

BSBR opened at $4.63 on Friday. Banco Santander has a 12-month low of $3.75 and a 12-month high of $6.01. The stock’s 50 day moving average price is $4.24 and its two-hundred day moving average price is $4.77. 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 (Brasil) Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Friday, January 24th will be given a dividend of $0.066 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $0.26 annualized dividend and a dividend yield of 5.71%.

Institutional Trading of Banco Santander (Brasil)

Large investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new position in shares of Banco Santander (Brasil) during the fourth quarter valued at $37,000. EntryPoint Capital LLC bought a new position in Banco Santander (Brasil) during the 4th quarter valued at about $47,000. Barclays PLC boosted its position in Banco Santander (Brasil) by 221.4% in the third quarter. Barclays PLC now owns 12,428 shares of the bank’s stock valued at $65,000 after buying an additional 8,561 shares in the last quarter. Walleye Capital LLC bought a new stake in Banco Santander (Brasil) during the third quarter worth about $85,000. Finally, R Squared Ltd bought a new stake in Banco Santander (Brasil) during the fourth quarter worth about $70,000. 14.53% of the stock is currently owned by institutional investors.

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.