Wall Street Zen Upgrades Banco Santander Brasil (NYSE:BSBR) to Strong-Buy

Banco Santander Brasil (NYSE:BSBR) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Friday.

Separately, Weiss Ratings downgraded Banco Santander Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 6th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Banco Santander Brasil Trading Down 0.4%

Banco Santander Brasil stock opened at $5.63 on Friday. Banco Santander Brasil has a 12-month low of $4.26 and a 12-month high of $7.32. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 3.15. The firm’s fifty day moving average price is $6.41 and its 200 day moving average price is $6.05.

Insider Transactions at Banco Santander Brasil

In other Banco Santander Brasil news, insider Rafael Abujamra Kappaz sold 31,285 shares of the company’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $5.76, for a total value of $180,201.60. Following the completion of the sale, the insider directly owned 35,049 shares of the company’s stock, valued at approximately $201,882.24. This represents a 47.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.06% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its holdings in shares of Banco Santander Brasil by 288.1% during the fourth quarter. Royal Bank of Canada now owns 5,038 shares of the bank’s stock valued at $31,000 after purchasing an additional 3,740 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Banco Santander Brasil in the 4th quarter worth about $36,000. Cubist Systematic Strategies LLC acquired a new stake in Banco Santander Brasil during the 1st quarter worth about $46,000. Tuttle Capital Management LLC purchased a new stake in Banco Santander Brasil during the fourth quarter valued at about $66,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in Banco Santander Brasil during the fourth quarter valued at about $76,000. Institutional investors and hedge funds own 14.53% of the company’s stock.

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.