Banco Santander (Brasil) (NYSE:BSBR) Rating Increased to Overweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Banco Santander (Brasil) (NYSE:BSBR) from a neutral rating to an overweight rating in a research report sent to investors on Monday, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has $6.00 target price on the bank’s stock, down from their prior target price of $7.00.

Separately, StockNews.com raised Banco Santander (Brasil) from a “hold” rating to a “buy” rating in a research note on Monday, November 18th.

Banco Santander (Brasil) Trading Up 1.5 %

Banco Santander (Brasil) stock opened at $4.60 on Monday. The company has a 50-day simple moving average of $4.97 and a 200-day simple moving average of $5.18. Banco Santander has a one year low of $4.32 and a one year high of $6.66. 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 (Brasil) Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, October 21st were given a dividend of $0.0714 per share. This represents a $0.29 annualized dividend and a dividend yield of 6.21%. The ex-dividend date was Monday, October 21st.

Institutional Investors Weigh In On Banco Santander (Brasil)

Institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets grew its holdings in shares of Banco Santander (Brasil) by 220.0% during the 1st quarter. BNP Paribas Financial Markets now owns 7,095 shares of the bank’s stock valued at $41,000 after acquiring an additional 4,878 shares in the last quarter. GAMMA Investing LLC raised its stake 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 worth $51,000 after purchasing an additional 6,313 shares in the last quarter. Barclays PLC grew its stake in shares of Banco Santander (Brasil) by 221.4% in the 3rd quarter. Barclays PLC now owns 12,428 shares of the bank’s stock valued at $65,000 after buying an additional 8,561 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in Banco Santander (Brasil) by 41.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,024 shares of the bank’s stock worth $71,000 after buying an additional 4,387 shares during the last quarter. Finally, Walleye Capital LLC bought a new stake in Banco Santander (Brasil) in the third quarter worth approximately $85,000. 14.53% of the stock is owned by institutional investors and hedge funds.

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.