Banco Santander (Brasil) (NYSE:BSBR) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of Banco Santander (Brasil) (NYSE:BSBR) from a hold rating to a buy rating in a research note published on Monday.

Banco Santander (Brasil) Price Performance

BSBR opened at $4.36 on Monday. The company’s 50 day moving average is $5.02 and its 200-day moving average is $5.20. Banco Santander has a 1-year low of $4.32 and a 1-year high of $6.66. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.30 and a current ratio of 0.30.

Banco Santander (Brasil) Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Monday, October 21st were issued a dividend of $0.0714 per share. The ex-dividend date was Monday, October 21st. This represents a $0.29 annualized dividend and a yield of 6.55%.

Institutional Investors Weigh In On Banco Santander (Brasil)

Several institutional investors and hedge funds have recently added to or reduced their stakes in BSBR. Wellington Management Group LLP lifted its stake in shares of Banco Santander (Brasil) by 49.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,137,946 shares of the bank’s stock valued at $5,986,000 after buying an additional 375,364 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of Banco Santander (Brasil) by 44.0% in the second quarter. Marshall Wace LLP now owns 1,099,003 shares of the bank’s stock worth $5,429,000 after acquiring an additional 335,915 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Banco Santander (Brasil) by 107.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 378,361 shares of the bank’s stock worth $1,990,000 after acquiring an additional 196,141 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of Banco Santander (Brasil) during the 2nd quarter valued at $575,000. Finally, Longfellow Investment Management Co. LLC lifted its holdings in Banco Santander (Brasil) by 220.2% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 120,528 shares of the bank’s stock worth $595,000 after purchasing an additional 82,890 shares in the last quarter. Hedge funds and other institutional investors own 14.53% of the company’s stock.

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.