Banco Santander (Brasil) (NYSE:BSBR) Stock Rating Upgraded by StockNews.com

Banco Santander (Brasil) (NYSE:BSBR) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.

A number of other equities analysts have also commented on BSBR. Bank of America lowered shares of Banco Santander (Brasil) from a “buy” rating to a “neutral” rating in a report on Tuesday, December 10th. The Goldman Sachs Group raised shares of Banco Santander (Brasil) from a “sell” rating to a “neutral” rating and increased their price target for the stock from $4.20 to $4.70 in a report on Wednesday. Finally, JPMorgan Chase & Co. raised shares of Banco Santander (Brasil) from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $7.00 to $6.00 in a report on Monday, November 25th.

Banco Santander (Brasil) Trading Up 5.5 %

Shares of NYSE:BSBR opened at $4.74 on Thursday. The company’s fifty day moving average price is $4.18 and its 200-day moving average price is $4.78. Banco Santander has a one year low of $3.75 and a one year high of $6.01. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.30 and a quick ratio of 0.30.

Hedge Funds Weigh In On Banco Santander (Brasil)

Several institutional investors and hedge funds have recently made changes to their positions in BSBR. SBI Securities Co. Ltd. bought a new position in shares of Banco Santander (Brasil) during the 4th quarter valued at $37,000. EntryPoint Capital LLC purchased a new stake in Banco Santander (Brasil) during the 4th quarter valued at $47,000. GAMMA Investing LLC boosted its position in Banco Santander (Brasil) by 183.6% during the 3rd quarter. GAMMA Investing LLC now owns 9,751 shares of the bank’s stock valued at $51,000 after buying an additional 6,313 shares during the period. Barclays PLC boosted 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 valued at $65,000 after buying an additional 8,561 shares during the period. Finally, R Squared Ltd purchased a new stake in Banco Santander (Brasil) during the 4th quarter valued at $70,000. 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.