Banco Santander (Brasil) (NYSE:BSBR) Downgraded to Hold Rating by StockNews.com

Banco Santander (Brasil) (NYSE:BSBR) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Friday.

A number of other research analysts have also recently commented on BSBR. Bank of America cut Banco Santander (Brasil) from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 10th. The Goldman Sachs Group raised shares of Banco Santander (Brasil) from a “sell” rating to a “neutral” rating and upped their price objective for the company from $4.20 to $4.70 in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. upgraded shares of Banco Santander (Brasil) from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $7.00 to $6.00 in a research note on Monday, November 25th.

Banco Santander (Brasil) Trading Down 1.8 %

NYSE:BSBR opened at $4.63 on Friday. The firm’s 50 day moving average is $4.24 and its 200 day moving average is $4.77. Banco Santander has a 12 month low of $3.75 and a 12 month high of $6.01. The stock has a market capitalization of $17.21 billion, a PE ratio of 5.71, a price-to-earnings-growth ratio of 0.73 and a beta of 1.01. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.25.

Institutional Trading of Banco Santander (Brasil)

Institutional investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. purchased a new position in Banco Santander (Brasil) during the 4th quarter valued at about $37,000. EntryPoint Capital LLC bought a new position in shares of Banco Santander (Brasil) in the fourth quarter valued at approximately $47,000. Barclays PLC boosted its position in shares of Banco Santander (Brasil) by 221.4% in the third quarter. Barclays PLC now owns 12,428 shares of the bank’s stock valued at $65,000 after acquiring an additional 8,561 shares during the period. Walleye Capital LLC purchased a new position in Banco Santander (Brasil) during the third quarter valued at approximately $85,000. Finally, R Squared Ltd bought a new stake in Banco Santander (Brasil) during the 4th quarter worth approximately $70,000. Hedge funds and other institutional investors own 14.53% of the company’s stock.

Banco Santander (Brasil) Company Profile

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.