Banco Santander (Brasil) (NYSE:BSBR) Upgraded at StockNews.com

StockNews.com upgraded shares of Banco Santander (Brasil) (NYSE:BSBR) from a hold rating to a buy rating in a research report report published on Monday morning.

Banco Santander (Brasil) Price Performance

BSBR stock opened at $4.46 on Monday. Banco Santander has a twelve month low of $4.39 and a twelve month high of $6.66. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.30 and a quick ratio of 0.30. The business’s 50-day simple moving average is $5.04 and its 200 day simple moving average is $5.21.

Banco Santander (Brasil) Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Monday, October 21st were paid a $0.0714 dividend. The ex-dividend date was Monday, October 21st. This represents a $0.29 dividend on an annualized basis and a dividend yield of 6.41%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BSBR. BNP Paribas Financial Markets grew its stake in shares of Banco Santander (Brasil) by 220.0% during the first quarter. BNP Paribas Financial Markets now owns 7,095 shares of the bank’s stock valued at $41,000 after purchasing an additional 4,878 shares during the last quarter. GAMMA Investing LLC increased its holdings in 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 during the last quarter. Barclays PLC boosted its holdings 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 during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of 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 valued at $71,000 after acquiring an additional 4,387 shares during the last quarter. Finally, Walleye Capital LLC acquired a new stake in shares of Banco Santander (Brasil) in the 3rd quarter valued at approximately $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.