StockNews.com Downgrades Banco Santander (Brasil) (NYSE:BSBR) to Hold

Banco Santander (Brasil) (NYSE:BSBR) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Separately, JPMorgan Chase & Co. raised Banco Santander (Brasil) from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from $7.00 to $6.00 in a report on Monday.

Banco Santander (Brasil) Trading Down 5.0 %

NYSE:BSBR opened at $4.38 on Tuesday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.25. The company has a 50 day simple moving average of $4.93 and a two-hundred day simple moving average of $5.16. Banco Santander has a 12 month low of $4.32 and a 12 month high of $6.66.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BSBR. GAMMA Investing LLC grew its position in shares of Banco Santander (Brasil) by 183.6% during the 3rd quarter. GAMMA Investing LLC now owns 9,751 shares of the bank’s stock valued at $51,000 after acquiring an additional 6,313 shares during the period. Barclays PLC lifted its position in Banco Santander (Brasil) by 221.4% during the third quarter. Barclays PLC now owns 12,428 shares of the bank’s stock valued at $65,000 after purchasing an additional 8,561 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in Banco Santander (Brasil) by 41.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,024 shares of the bank’s stock valued at $71,000 after purchasing an additional 4,387 shares in the last quarter. Walleye Capital LLC bought a new stake in Banco Santander (Brasil) during the third quarter valued at about $85,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in Banco Santander (Brasil) by 68.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,741 shares of the bank’s stock worth $99,000 after buying an additional 7,608 shares in the last quarter. 14.53% of the stock is currently owned by 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.