Banco Santander Brasil (NYSE:BSBR) Receives "Hold (C)" Rating from Weiss Ratings

Key Points

• Banco Santander Brasil maintains a "hold (c)" rating by Weiss Ratings, reflecting a cautious outlook on the stock.
• UBS Group and Wall Street Zen both upgraded the stock from "neutral" and "hold" to "buy," indicating growing confidence among analysts.
• The company's stock is currently trading at $5.25, having a market capitalization of $19.58 billion and an average target price of $5.35.

Banco Santander Brasil (NYSE:BSBR - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

BSBR has been the topic of a number of other research reports. UBS Group upgraded shares of Banco Santander Brasil from a "neutral" rating to a "buy" rating in a report on Wednesday, June 11th. Wall Street Zen upgraded shares of Banco Santander Brasil from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Banco Santander Brasil has an average rating of "Hold" and a consensus target price of $5.35.

Banco Santander Brasil Stock Down 0.2%

BSBR stock traded down $0.01 during midday trading on Wednesday, reaching $5.25. The company had a trading volume of 364,976 shares, compared to its average volume of 635,006. Banco Santander Brasil has a 1 year low of $3.75 and a 1 year high of $5.65. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 3.28. The company has a market capitalization of $19.58 billion, a P/E ratio of 6.48, a PEG ratio of 0.67 and a beta of 0.80. The company has a 50 day moving average of $5.20 and a two-hundred day moving average of $5.11.

Institutional Inflows and Outflows

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

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