Wall Street Zen Upgrades Banco Santander (Brasil) (NYSE:BSBR) to Buy

Wall Street Zen upgraded shares of Banco Santander (Brasil) (NYSE:BSBR - Free Report) from a hold rating to a buy rating in a research note published on Thursday.

Separately, The Goldman Sachs Group raised shares of Banco Santander (Brasil) from a "sell" rating to a "neutral" rating and increased their price target for the stock from $4.20 to $4.70 in a research report on Wednesday, February 12th.

Banco Santander (Brasil) Stock Performance

BSBR stock traded up $0.03 during midday trading on Thursday, hitting $5.33. The stock had a trading volume of 382,678 shares, compared to its average volume of 662,958. The firm has a market capitalization of $19.84 billion, a price-to-earnings ratio of 6.58, a P/E/G ratio of 0.73 and a beta of 0.76. Banco Santander has a 52 week low of $3.75 and a 52 week high of $5.77. The stock has a 50-day simple moving average of $4.92 and a 200 day simple moving average of $4.54. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.25.

Banco Santander (Brasil) Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, May 19th. Stockholders of record on Thursday, April 24th were issued a $0.0463 dividend. This represents a dividend yield of 3.97%. The ex-dividend date was Wednesday, April 23rd. Banco Santander (Brasil)'s payout ratio is 22.22%.

Hedge Funds Weigh In On Banco Santander (Brasil)

Several institutional investors have recently added to or reduced their stakes in BSBR. SBI Securities Co. Ltd. bought a new stake in Banco Santander (Brasil) during the fourth quarter worth about $37,000. Cubist Systematic Strategies LLC acquired a new stake in Banco Santander (Brasil) during the 1st quarter valued at $46,000. Signaturefd LLC raised its position in Banco Santander (Brasil) by 25.2% in the 1st quarter. Signaturefd LLC now owns 9,872 shares of the bank's stock valued at $46,000 after purchasing an additional 1,986 shares during the last quarter. Vident Advisory LLC bought a new position in Banco Santander (Brasil) in the 1st quarter valued at $50,000. Finally, EntryPoint Capital LLC acquired a new position in Banco Santander (Brasil) in the fourth quarter worth $47,000. 14.53% of the stock is owned by institutional investors.

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.