Banco Santander (Brasil) (NYSE:BSBR) Cut to “Neutral” at Bank of America

Bank of America lowered shares of Banco Santander (Brasil) (NYSE:BSBR) from a buy rating to a neutral rating in a report issued on Tuesday, Marketbeat reports.

BSBR has been the topic of several other research reports. StockNews.com lowered shares of Banco Santander (Brasil) from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. raised Banco Santander (Brasil) from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $7.00 to $6.00 in a research report on Monday, November 25th.

Banco Santander (Brasil) Stock Performance

Shares of Banco Santander (Brasil) stock opened at $4.14 on Tuesday. Banco Santander has a 12 month low of $4.05 and a 12 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 has a fifty day simple moving average of $4.71 and a two-hundred day simple moving average of $5.08.

Banco Santander (Brasil) Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Monday, October 21st were paid a $0.0714 dividend. This represents a $0.29 dividend on an annualized basis and a yield of 6.90%. The ex-dividend date was Monday, October 21st.

Institutional Investors Weigh In On Banco Santander (Brasil)

A number of institutional investors have recently made changes to their positions in the company. Longfellow Investment Management Co. LLC lifted its holdings in shares of Banco Santander (Brasil) by 220.2% during the second quarter. Longfellow Investment Management Co. LLC now owns 120,528 shares of the bank’s stock valued at $595,000 after purchasing an additional 82,890 shares in the last quarter. American Century Companies Inc. raised its position in Banco Santander (Brasil) by 8.5% in the 2nd quarter. American Century Companies Inc. now owns 409,483 shares of the bank’s stock worth $2,023,000 after buying an additional 32,238 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Banco Santander (Brasil) by 11.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 30,067 shares of the bank’s stock valued at $149,000 after acquiring an additional 3,098 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Banco Santander (Brasil) by 41.2% during 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, Frank Rimerman Advisors LLC bought a new stake in shares of Banco Santander (Brasil) in the second quarter worth approximately $218,000. Hedge funds and other institutional investors 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.