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

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

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

Banco Santander (Brasil) Price Performance

Shares of Banco Santander (Brasil) stock opened at $4.61 on Tuesday. Banco Santander has a 12 month low of $4.32 and a 12 month high of $6.66. The business has a 50-day moving average of $4.95 and a 200 day moving average of $5.17. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.30 and a current ratio of 0.30.

Banco Santander (Brasil) Cuts Dividend

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

Institutional Investors Weigh In On Banco Santander (Brasil)

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its position in shares of Banco Santander (Brasil) by 11.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 30,067 shares of the bank’s stock valued at $149,000 after buying an additional 3,098 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position 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 valued at $71,000 after acquiring an additional 4,387 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Banco Santander (Brasil) by 183.6% during the third quarter. GAMMA Investing LLC now owns 9,751 shares of the bank’s stock worth $51,000 after purchasing an additional 6,313 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Banco Santander (Brasil) by 68.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,741 shares of the bank’s stock valued at $99,000 after buying an additional 7,608 shares during the period. Finally, Barclays PLC raised its position in Banco Santander (Brasil) by 221.4% during the 3rd 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. 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.