Banco Santander (Brasil) (NYSE:BSBR) Cut to “Hold” at StockNews.com

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

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

Banco Santander (Brasil) Stock Performance

Shares of BSBR opened at $4.38 on Tuesday. Banco Santander has a 12-month low of $4.32 and a 12-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 business’s 50 day moving average is $4.91 and its 200 day moving average is $5.16.

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. 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 Trading of Banco Santander (Brasil)

Large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in shares of Banco Santander (Brasil) by 183.6% in the third quarter. GAMMA Investing LLC now owns 9,751 shares of the bank’s stock valued at $51,000 after purchasing an additional 6,313 shares in the last quarter. 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 during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of Banco Santander (Brasil) by 41.2% in the 2nd 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 in the last quarter. Walleye Capital LLC bought a new stake in shares of Banco Santander (Brasil) in the 3rd quarter worth about $85,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of 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 valued at $99,000 after buying an additional 7,608 shares in the last quarter. Institutional investors own 14.53% of the company’s stock.

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.