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

StockNews.com cut shares of Banco Santander (Brasil) (NYSE:BSBR) from a buy rating to a hold rating in a research report released on Tuesday.

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

Banco Santander (Brasil) Trading Down 5.0 %

Shares of BSBR opened at $4.38 on Tuesday. Banco Santander has a twelve month low of $4.32 and a twelve month high of $6.66. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.30 and a quick ratio of 0.30. The company’s fifty day simple moving average is $4.91 and its 200-day simple moving average is $5.16.

Banco Santander (Brasil) Cuts Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Monday, October 21st. This represents a $0.29 annualized dividend and a dividend yield of 6.52%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its position in Banco Santander (Brasil) by 183.6% in the 3rd quarter. GAMMA Investing LLC now owns 9,751 shares of the bank’s stock valued at $51,000 after buying an additional 6,313 shares during the period. Barclays PLC increased its position in shares of Banco Santander (Brasil) by 221.4% during the third quarter. Barclays PLC now owns 12,428 shares of the bank’s stock worth $65,000 after acquiring an additional 8,561 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in shares of 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 acquiring an additional 4,387 shares in the last quarter. Walleye Capital LLC bought a new position in Banco Santander (Brasil) in the third quarter worth approximately $85,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Banco Santander (Brasil) by 68.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,741 shares of the bank’s stock worth $99,000 after purchasing an additional 7,608 shares during the period. 14.53% of the stock is currently 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.