Banco Santander (Brasil) (NYSE:BSBR) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Banco Santander (Brasil) (NYSE:BSBR) from a neutral rating to an overweight rating in a research note published on Monday, Marketbeat Ratings reports. They currently have $6.00 price objective on the bank’s stock, down from their prior price objective of $7.00.

Separately, StockNews.com raised Banco Santander (Brasil) from a “hold” rating to a “buy” rating in a report on Monday, November 18th.

Banco Santander (Brasil) Price Performance

Banco Santander (Brasil) stock opened at $4.38 on Monday. Banco Santander has a one year low of $4.32 and a one year high of $6.66. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.25. The business has a fifty day moving average price of $4.93 and a 200-day moving average price of $5.16.

Banco Santander (Brasil) Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Monday, October 21st were issued a $0.0714 dividend. This represents a $0.29 annualized dividend and a yield of 6.52%. The ex-dividend date was Monday, October 21st.

Hedge Funds Weigh In On Banco Santander (Brasil)

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its position in shares of Banco Santander (Brasil) by 220.0% during the 1st quarter. BNP Paribas Financial Markets now owns 7,095 shares of the bank’s stock valued at $41,000 after acquiring an additional 4,878 shares during the last quarter. GAMMA Investing LLC raised its stake 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 in the last quarter. 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 valued at $65,000 after purchasing an additional 8,561 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew 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 buying an additional 4,387 shares in the last quarter. Finally, Walleye Capital LLC purchased a new position in Banco Santander (Brasil) in the 3rd quarter worth approximately $85,000. 14.53% of the stock is currently owned by hedge funds and other institutional investors.

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.