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

Banco Santander (Brasil) (NYSE:BSBR) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

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

Banco Santander (Brasil) Trading Up 1.5 %

Shares of NYSE BSBR opened at $4.60 on Tuesday. The business has a 50-day simple moving average of $4.97 and a two-hundred day simple moving average of $5.18. Banco Santander has a 52 week low of $4.32 and a 52 week high of $6.66. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.30 and a current ratio of 0.30.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BSBR. Longfellow Investment Management Co. LLC boosted its position in Banco Santander (Brasil) by 220.2% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 120,528 shares of the bank’s stock valued at $595,000 after buying an additional 82,890 shares during the period. American Century Companies Inc. increased its holdings in Banco Santander (Brasil) by 8.5% during the 2nd quarter. American Century Companies Inc. now owns 409,483 shares of the bank’s stock valued at $2,023,000 after purchasing an additional 32,238 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Banco Santander (Brasil) by 11.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 30,067 shares of the bank’s stock worth $149,000 after buying an additional 3,098 shares during the period. Vanguard Personalized Indexing Management LLC grew its position 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 worth $71,000 after buying an additional 4,387 shares during the last quarter. Finally, Frank Rimerman Advisors LLC bought a new position in shares of Banco Santander (Brasil) during the second quarter valued at approximately $218,000. 14.53% of the stock is 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.