Banco Santander Brasil (NYSE:BSBR) Raised to "Buy" at Wall Street Zen

Key Points

• Banco Santander Brasil's stock rating was upgraded from "hold" to "buy" by Wall Street Zen, following similar upgrades by UBS Group.
• The company has an average price target of $5.35, with a current trading price of $5.38, reflecting a 1.4% decrease.
• Institutional investors and hedge funds now own 14.53% of Banco Santander Brasil's stock, with significant increases in stakes by several firms recently.

Banco Santander Brasil (NYSE:BSBR - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

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

Banco Santander Brasil Trading Down 1.4%

NYSE BSBR opened at $5.38 on Friday. Banco Santander Brasil has a 12 month low of $3.75 and a 12 month high of $5.67. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market capitalization of $20.05 billion, a price-to-earnings ratio of 6.64, a price-to-earnings-growth ratio of 0.67 and a beta of 0.80. The company's fifty day moving average price is $5.03 and its two-hundred day moving average price is $5.00.

Hedge Funds Weigh In On Banco Santander Brasil

Several large investors have recently bought and sold shares of BSBR. Hantz Financial Services Inc. increased its stake in Banco Santander Brasil by 553.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 6,997 shares of the bank's stock valued at $38,000 after buying an additional 5,927 shares during the period. Signaturefd LLC increased its stake in Banco Santander Brasil by 25.2% during the 1st quarter. Signaturefd LLC now owns 9,872 shares of the bank's stock valued at $46,000 after buying an additional 1,986 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Banco Santander Brasil during the 1st quarter valued at about $46,000. Vident Advisory LLC acquired a new position in Banco Santander Brasil during the 1st quarter valued at about $50,000. Finally, Drive Wealth Management LLC acquired a new position in Banco Santander Brasil during the 1st quarter valued at about $62,000. Institutional investors and hedge funds 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.

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