Banco Santander (Brasil) (NYSE:BSBR) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Banco Santander (Brasil) (NYSE:BSBR) from a hold rating to a buy rating in a report published on Monday morning.

Banco Santander (Brasil) Stock Performance

NYSE BSBR opened at $4.44 on Monday. Banco Santander has a twelve month low of $4.43 and a twelve month 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. The stock’s 50-day simple moving average is $5.08 and its two-hundred day simple moving average is $5.22.

Banco Santander (Brasil) Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, October 21st were issued a $0.0714 dividend. This represents a $0.29 annualized dividend and a dividend yield of 6.43%. The ex-dividend date was Monday, October 21st.

Institutional Investors Weigh In On Banco Santander (Brasil)

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in Banco Santander (Brasil) by 49.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,137,946 shares of the bank’s stock worth $5,986,000 after acquiring an additional 375,364 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Banco Santander (Brasil) by 44.0% in the second quarter. Marshall Wace LLP now owns 1,099,003 shares of the bank’s stock worth $5,429,000 after purchasing an additional 335,915 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Banco Santander (Brasil) by 107.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 378,361 shares of the bank’s stock valued at $1,990,000 after purchasing an additional 196,141 shares during the period. Cubist Systematic Strategies LLC bought a new position in Banco Santander (Brasil) during the 2nd quarter valued at approximately $575,000. Finally, Longfellow Investment Management Co. LLC lifted its holdings in Banco Santander (Brasil) by 220.2% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 120,528 shares of the bank’s stock worth $595,000 after buying an additional 82,890 shares during the period. 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.