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

Wall Street Zen lowered shares of Banco Santander Brasil (NYSE:BSBR - Free Report) from a buy rating to a hold rating in a research note issued to investors on Friday.

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

Banco Santander Brasil Stock Performance

NYSE BSBR traded up $0.02 during trading hours on Friday, reaching $4.75. The stock had a trading volume of 258,526 shares, compared to its average volume of 498,299. The company has a debt-to-equity ratio of 3.33, a quick ratio of 1.55 and a current ratio of 1.55. Banco Santander Brasil has a 52-week low of $3.75 and a 52-week high of $5.77. The stock has a fifty day moving average of $5.29 and a 200 day moving average of $4.83. The stock has a market cap of $17.66 billion, a P/E ratio of 5.86, a price-to-earnings-growth ratio of 0.61 and a beta of 0.76.

Banco Santander Brasil Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, August 18th. Investors of record on Tuesday, July 22nd will be issued a dividend of $0.0655 per share. This represents a yield of 5.26%. This is a boost from Banco Santander Brasil's previous dividend of $0.05. The ex-dividend date of this dividend is Monday, July 21st. Banco Santander Brasil's dividend payout ratio (DPR) is 32.10%.

Institutional Investors Weigh In On Banco Santander Brasil

Hedge funds and other institutional investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership increased its holdings in shares of Banco Santander Brasil by 2.7% in the fourth 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 period. Wellington Management Group LLP raised its holdings in shares of Banco Santander Brasil by 74.0% in the first quarter. Wellington Management Group LLP now owns 1,606,117 shares of the bank's stock worth $7,565,000 after acquiring an additional 683,045 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Banco Santander Brasil by 35.1% in the fourth quarter. Marshall Wace LLP now owns 750,403 shares of the bank's stock worth $2,934,000 after acquiring an additional 194,984 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Banco Santander Brasil by 11.9% in the first quarter. American Century Companies Inc. now owns 614,264 shares of the bank's stock worth $2,893,000 after acquiring an additional 65,333 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Banco Santander Brasil by 92.3% in the fourth quarter. Bank of America Corp DE now owns 256,119 shares of the bank's stock worth $1,001,000 after acquiring an additional 122,924 shares during the last quarter. Institutional investors and hedge funds 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.