Banco Santander (Brasil) (NYSE:BSBR - Get Free Report) was upgraded by stock analysts at UBS Group from a "neutral" rating to a "buy" rating in a note issued to investors on Wednesday, MarketBeat reports.
Several other equities analysts have also recently issued reports on the stock. Wall Street Zen upgraded shares of Banco Santander (Brasil) from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. The Goldman Sachs Group upgraded shares of Banco Santander (Brasil) from a "sell" rating to a "neutral" rating and increased their price objective for the company from $4.20 to $4.70 in a research report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $5.35.
Read Our Latest Stock Analysis on Banco Santander (Brasil)
Banco Santander (Brasil) Stock Performance
Shares of NYSE:BSBR traded up $0.02 during midday trading on Wednesday, reaching $5.40. 371,959 shares of the company's stock traded hands, compared to its average volume of 483,950. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.30 and a current ratio of 0.30. Banco Santander has a one year low of $3.75 and a one year high of $5.77. The company has a market cap of $20.10 billion, a price-to-earnings ratio of 6.67, a P/E/G ratio of 0.73 and a beta of 0.76. The stock has a 50 day moving average of $5.05 and a 200 day moving average of $4.60.
Institutional Investors Weigh In On Banco Santander (Brasil)
Hedge funds and other institutional investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. bought a new stake in Banco Santander (Brasil) during the fourth quarter valued at approximately $37,000. Cubist Systematic Strategies LLC purchased a new position in shares of Banco Santander (Brasil) during the 1st quarter worth $46,000. Signaturefd LLC grew its position 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 valued at $46,000 after acquiring an additional 1,986 shares during the period. Vident Advisory LLC purchased a new stake in shares of Banco Santander (Brasil) in the 1st quarter worth $50,000. Finally, EntryPoint Capital LLC purchased a new stake in shares of Banco Santander (Brasil) in the 4th quarter worth $47,000. Hedge funds and other institutional investors own 14.53% of the company's stock.
About Banco Santander (Brasil)
(
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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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