Banco Santander Brasil's (BSBR) Hold (C) Rating Reiterated at Weiss Ratings

Key Points

• Banco Santander Brasil's stock has been given a "hold (c)" rating by Weiss Ratings, while other firms have mixed ratings, including a recent upgrade to "buy" and a downgrade to "strong sell."
• The stock price increased by 1.8% on Friday, reaching $5.43, with a market cap of $20.24 billion.
• Several institutional investors have significantly increased their stakes in Banco Santander Brasil, indicating growing interest from the financial sector.

Banco Santander Brasil (NYSE:BSBR - Get Free Report)'s stock had its "hold (c)" rating reissued by equities researchers at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

BSBR has been the subject of several other reports. Wall Street Zen upgraded Banco Santander Brasil from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. The Goldman Sachs Group downgraded Banco Santander Brasil from a "hold" rating to a "strong sell" rating in a report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $5.35.

Banco Santander Brasil Trading Up 1.8%

Shares of BSBR stock traded up $0.10 on Friday, reaching $5.43. 382,315 shares of the stock were exchanged, compared to its average volume of 629,641. The stock has a market cap of $20.24 billion, a P/E ratio of 6.70, a price-to-earnings-growth ratio of 0.66 and a beta of 0.80. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 3.28. The firm has a 50 day moving average of $5.29 and a two-hundred day moving average of $5.15. Banco Santander Brasil has a 1-year low of $3.75 and a 1-year high of $5.65.

Hedge Funds Weigh In On Banco Santander Brasil

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BSBR. Engineers Gate Manager LP lifted its position in shares of Banco Santander Brasil by 40.9% during the second quarter. Engineers Gate Manager LP now owns 18,910 shares of the bank's stock worth $103,000 after purchasing an additional 5,490 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Banco Santander Brasil by 3,302.2% during the second quarter. BNP Paribas Financial Markets now owns 57,974 shares of the bank's stock worth $316,000 after purchasing an additional 56,270 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Banco Santander Brasil by 50.5% during the second quarter. Bank of America Corp DE now owns 291,643 shares of the bank's stock worth $1,589,000 after purchasing an additional 97,875 shares during the last quarter. Invesco Ltd. lifted its position in shares of Banco Santander Brasil by 9.7% during the second quarter. Invesco Ltd. now owns 206,851 shares of the bank's stock worth $1,127,000 after purchasing an additional 18,307 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Banco Santander Brasil by 5.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,526,757 shares of the bank's stock worth $13,771,000 after purchasing an additional 121,804 shares during the last quarter. 14.53% of the stock is owned by hedge funds and other institutional investors.

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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