Banco Santander (Brasil) (NYSE:BSBR) Upgraded at JPMorgan Chase & Co.

Banco Santander (Brasil) (NYSE:BSBR) was upgraded by equities researchers at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a report released on Monday, Marketbeat reports. The brokerage presently has a $6.00 target price on the bank’s stock, down from their previous target price of $7.00. JPMorgan Chase & Co.‘s target price indicates a potential upside of 30.15% from the stock’s current price.

Separately, StockNews.com raised Banco Santander (Brasil) from a “hold” rating to a “buy” rating in a research report on Monday, November 18th.

Banco Santander (Brasil) Stock Performance

Shares of NYSE BSBR opened at $4.61 on Monday. Banco Santander has a one year low of $4.32 and a one year high of $6.66. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.25. The business’s fifty day moving average price is $4.95 and its 200-day moving average price is $5.17.

Institutional Trading of Banco Santander (Brasil)

Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets lifted its holdings in Banco Santander (Brasil) by 220.0% during the 1st quarter. BNP Paribas Financial Markets now owns 7,095 shares of the bank’s stock worth $41,000 after purchasing an additional 4,878 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Banco Santander (Brasil) by 183.6% during the 3rd quarter. GAMMA Investing LLC now owns 9,751 shares of the bank’s stock worth $51,000 after purchasing an additional 6,313 shares in the last quarter. Barclays PLC lifted its holdings in Banco Santander (Brasil) by 221.4% during the 3rd quarter. Barclays PLC now owns 12,428 shares of the bank’s stock worth $65,000 after purchasing an additional 8,561 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in Banco Santander (Brasil) by 41.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,024 shares of the bank’s stock worth $71,000 after purchasing an additional 4,387 shares in the last quarter. Finally, Walleye Capital LLC bought a new position in Banco Santander (Brasil) in the 3rd quarter worth about $85,000. 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.