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

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

Separately, Weiss Ratings downgraded shares of Banco Santander Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 6th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Banco Santander Brasil Trading Down 1.6%

NYSE BSBR opened at $5.72 on Wednesday. Banco Santander Brasil has a 12 month low of $4.26 and a 12 month high of $7.32. The stock has a 50-day simple moving average of $6.52 and a 200 day simple moving average of $6.01. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 3.15.

Banco Santander Brasil Announces Dividend

The firm also recently announced a special dividend, which was paid on Wednesday, February 18th. Shareholders of record on Thursday, January 22nd were paid a $0.1001 dividend. The ex-dividend date of this dividend was Thursday, January 22nd.

Institutional Investors Weigh In On Banco Santander Brasil

Hedge funds have recently modified their holdings of the business. Aquamarine Financial Cayman Ltd lifted its holdings in shares of Banco Santander Brasil by 8.6% during the 4th quarter. Aquamarine Financial Cayman Ltd now owns 9,770,322 shares of the bank’s stock valued at $59,697,000 after purchasing an additional 775,000 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Banco Santander Brasil by 17.0% during the 3rd 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 in the last quarter. Empowered Funds LLC bought a new stake in Banco Santander Brasil during the 4th quarter worth approximately $9,772,000. Alpine Global Management LLC acquired a new stake in Banco Santander Brasil during the 4th quarter worth approximately $4,735,000. Finally, American Century Companies Inc. raised its holdings in Banco Santander Brasil by 21.2% during the 2nd quarter. American Century Companies Inc. now owns 744,630 shares of the bank’s stock worth $4,058,000 after buying an additional 130,366 shares during the period. Institutional investors and hedge funds own 14.53% of the company’s stock.

Banco Santander Brasil Company Profile

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.