Banco Santander Brasil (NYSE:BSBR) Lowered to "Hold" Rating by Wall Street Zen

Banco Santander Brasil (NYSE:BSBR - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Friday.

Separately, UBS Group raised shares of Banco Santander Brasil from a "neutral" rating to a "buy" rating in a report on Wednesday, June 11th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $5.35.

Banco Santander Brasil Stock Performance

Shares of Banco Santander Brasil stock traded down $0.28 during trading on Friday, reaching $4.84. The company's stock had a trading volume of 1,161,873 shares, compared to its average volume of 497,684. The company has a 50-day moving average price of $5.29 and a two-hundred day moving average price of $4.82. The firm has a market cap of $18.01 billion, a PE ratio of 5.98, a P/E/G ratio of 0.65 and a beta of 0.76. Banco Santander Brasil has a fifty-two week low of $3.75 and a fifty-two week high of $5.77. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 3.33.

Institutional Investors Weigh In On Banco Santander Brasil

Institutional investors and hedge funds have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership raised its stake in Banco Santander Brasil by 2.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,931,201 shares of the bank's stock valued at $7,551,000 after purchasing an additional 51,542 shares during the last quarter. Wellington Management Group LLP raised its stake in Banco Santander Brasil by 74.0% in the 1st quarter. Wellington Management Group LLP now owns 1,606,117 shares of the bank's stock valued at $7,565,000 after purchasing an additional 683,045 shares during the last quarter. Marshall Wace LLP raised its stake in Banco Santander Brasil by 35.1% in the 4th quarter. Marshall Wace LLP now owns 750,403 shares of the bank's stock valued at $2,934,000 after purchasing an additional 194,984 shares during the last quarter. American Century Companies Inc. raised its stake in Banco Santander Brasil by 11.9% in the 1st quarter. American Century Companies Inc. now owns 614,264 shares of the bank's stock valued at $2,893,000 after purchasing an additional 65,333 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in Banco Santander Brasil by 92.3% in the 4th quarter. Bank of America Corp DE now owns 256,119 shares of the bank's stock valued at $1,001,000 after purchasing an additional 122,924 shares during the last quarter. 14.53% of the stock is currently owned by hedge funds and other institutional investors.

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.

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