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

Banco Santander (Brasil) (NYSE:BSBR) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

Several other research analysts have also issued reports on the stock. The Goldman Sachs Group raised shares of Banco Santander (Brasil) from a “sell” rating to a “neutral” rating and increased their target price for the stock from $4.20 to $4.70 in a research note on Wednesday, February 12th. JPMorgan Chase & Co. raised shares of Banco Santander (Brasil) from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from $7.00 to $6.00 in a research report on Monday, November 25th. Finally, Bank of America lowered Banco Santander (Brasil) from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 10th.

Banco Santander (Brasil) Price Performance

Banco Santander (Brasil) stock opened at $4.63 on Friday. The stock has a market capitalization of $17.21 billion, a price-to-earnings ratio of 5.71, a PEG ratio of 0.73 and a beta of 1.01. Banco Santander has a 52-week low of $3.75 and a 52-week high of $6.01. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.30 and a current ratio of 0.30. The stock’s 50 day moving average price is $4.24 and its two-hundred day moving average price is $4.77.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. lifted its position 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 acquiring an additional 7,608 shares in the last quarter. Barclays PLC raised its stake in shares of Banco Santander (Brasil) by 221.4% in the third quarter. Barclays PLC now owns 12,428 shares of the bank’s stock worth $65,000 after purchasing an additional 8,561 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Banco Santander (Brasil) during the fourth quarter valued at approximately $37,000. EntryPoint Capital LLC bought a new stake in Banco Santander (Brasil) during the fourth quarter worth $47,000. Finally, Walleye Capital LLC bought a new stake in Banco Santander (Brasil) during the third quarter worth $85,000. 14.53% of the stock is currently owned by institutional investors and hedge funds.

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.