Banco Santander Brasil (NYSE:BSBR) Raised to “Buy” at Wall Street Zen

Banco Santander Brasil (NYSE:BSBR) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Thursday.

Separately, Weiss Ratings cut 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 issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold”.

Banco Santander Brasil Stock Performance

NYSE BSBR opened at $5.53 on Thursday. Banco Santander Brasil has a 1 year low of $4.26 and a 1 year high of $7.32. The business’s fifty day moving average is $6.46 and its two-hundred day moving average is $6.03. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 3.15.

Insider Activity at Banco Santander Brasil

In related news, insider Rafael Abujamra Kappaz sold 31,285 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider owned 35,049 shares of the company’s stock, valued at approximately $201,882.24. This trade represents a 47.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.06% of the company’s stock.

Institutional Trading of Banco Santander Brasil

Several large investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Banco Santander Brasil in the fourth quarter valued at $36,000. Alpine Global Management LLC purchased a new position in shares of Banco Santander Brasil during the fourth quarter valued at $4,735,000. Invesco Ltd. grew its holdings in shares of Banco Santander Brasil by 1.1% during the fourth quarter. Invesco Ltd. now owns 232,826 shares of the bank’s stock valued at $1,423,000 after buying an additional 2,631 shares in the last quarter. Vident Advisory LLC raised its position in Banco Santander Brasil by 185.7% during the fourth quarter. Vident Advisory LLC now owns 31,805 shares of the bank’s stock valued at $194,000 after buying an additional 20,672 shares during the period. Finally, Empowered Funds LLC purchased a new stake in Banco Santander Brasil in the 4th quarter worth about $9,772,000. 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.