Banco Santander Brasil (NYSE:BSBR) Cut to Buy at Wall Street Zen

Wall Street Zen cut shares of Banco Santander Brasil (NYSE:BSBR) from a strong-buy rating to a buy rating in a report issued on Saturday morning.

BSBR has been the topic of several other research reports. The Goldman Sachs Group lowered shares of Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Weiss Ratings raised Banco Santander Brasil from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, January 26th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Banco Santander Brasil currently has a consensus rating of “Hold” and an average target price of $4.70.

Banco Santander Brasil Stock Up 6.0%

Banco Santander Brasil stock opened at $6.88 on Friday. The stock’s 50 day moving average is $6.33 and its 200 day moving average is $5.76. Banco Santander Brasil has a one year low of $4.26 and a one year high of $7.32. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 3.13.

Banco Santander Brasil Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Wednesday, February 18th. Stockholders of record on Thursday, January 22nd will be given a dividend of $0.1001 per share. The ex-dividend date of this dividend is Thursday, January 22nd.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Aquamarine Financial Cayman Ltd boosted its holdings in Banco Santander Brasil by 8.6% in the fourth quarter. Aquamarine Financial Cayman Ltd now owns 9,770,322 shares of the bank’s stock worth $59,697,000 after acquiring an additional 775,000 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Banco Santander Brasil by 17.0% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,957,288 shares of the bank’s stock worth $16,531,000 after purchasing an additional 430,531 shares during the period. Millennium Management LLC lifted its holdings in shares of Banco Santander Brasil by 2,671.0% in the 3rd quarter. Millennium Management LLC now owns 326,451 shares of the bank’s stock worth $1,825,000 after purchasing an additional 314,670 shares in the last quarter. Citadel Advisors LLC grew its position in Banco Santander Brasil by 821.9% in the 3rd quarter. Citadel Advisors LLC now owns 183,769 shares of the bank’s stock valued at $1,027,000 after purchasing an additional 163,835 shares during the period. Finally, Alliancebernstein L.P. grew its position in Banco Santander Brasil by 99.6% in the 3rd quarter. Alliancebernstein L.P. now owns 327,261 shares of the bank’s stock valued at $1,829,000 after purchasing an additional 163,314 shares during the period. 14.53% of the stock is owned by institutional investors and hedge funds.

About Banco Santander Brasil

Banco Santander Brasil SA is the Brazilian unit of Spain-based Grupo Santander and one of the country’s major commercial banks. Headquartered in São Paulo, the bank serves a broad client base across Brazil through an integrated network of branches, ATMs and digital channels. Its shares are represented abroad via American Depositary Shares listed on the New York Stock Exchange under the ticker BSBR.

The bank offers a full range of financial products and services for retail, small and medium-sized enterprises, and corporate clients.