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 report issued to clients and investors on Saturday.

Separately, UBS Group raised Banco Santander Brasil from a “neutral” rating to a “buy” rating in a report on Wednesday, June 11th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Banco Santander Brasil currently has a consensus rating of “Moderate Buy” and an average price target of $5.35.

Banco Santander Brasil Stock Performance

Shares of BSBR opened at $5.38 on Friday. The stock has a market capitalization of $20.05 billion, a P/E ratio of 6.64, a P/E/G ratio of 0.67 and a beta of 0.80. Banco Santander Brasil has a 12-month low of $3.75 and a 12-month high of $5.67. The firm’s 50 day moving average is $5.03 and its 200-day moving average is $5.00. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.37 and a quick ratio of 1.37.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its position in Banco Santander Brasil by 793.8% during the first quarter. GAMMA Investing LLC now owns 74,814 shares of the bank’s stock valued at $352,000 after buying an additional 66,444 shares during the period. American Century Companies Inc. boosted its holdings in shares of Banco Santander Brasil by 11.9% during the first quarter. American Century Companies Inc. now owns 614,264 shares of the bank’s stock worth $2,893,000 after purchasing an additional 65,333 shares during the period. Bank of America Corp DE boosted its holdings in shares of Banco Santander Brasil by 92.3% during the fourth quarter. Bank of America Corp DE now owns 256,119 shares of the bank’s stock worth $1,001,000 after purchasing an additional 122,924 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Banco Santander Brasil by 74.0% during the first quarter. Wellington Management Group LLP now owns 1,606,117 shares of the bank’s stock worth $7,565,000 after purchasing an additional 683,045 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Banco Santander Brasil by 67.3% during the fourth quarter. BNP Paribas Financial Markets now owns 71,216 shares of the bank’s stock worth $278,000 after purchasing an additional 28,658 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, 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.