Banco Santander Brasil (NYSE:BSBR) Upgraded by Wall Street Zen to Strong-Buy Rating

Wall Street Zen upgraded shares of Banco Santander Brasil (NYSE:BSBR) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday morning.

Separately, Weiss Ratings cut Banco Santander Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 6th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold”.

Banco Santander Brasil Stock Performance

Shares of Banco Santander Brasil stock opened at $6.36 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 3.15. The stock has a 50 day moving average price of $6.24 and a two-hundred day moving average price of $6.12. Banco Santander Brasil has a 12-month low of $4.62 and a 12-month high of $7.32.

Banco Santander Brasil Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Monday, May 18th. Stockholders of record on Thursday, April 23rd will be given a $0.1064 dividend. The ex-dividend date of this dividend is Thursday, April 23rd.

Insider Buying and Selling

In other news, VP Cezar Augusto Janikian sold 17,000 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $5.87, for a total value of $99,790.00. Following the completion of the sale, the vice president directly owned 53,607 shares of the company’s stock, valued at approximately $314,673.09. This represents a 24.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jean Paulo Kambourakis sold 36,721 shares of the stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $5.89, for a total value of $216,286.69. Following the completion of the sale, the insider directly owned 31,623 shares of the company’s stock, valued at $186,259.47. This represents a 53.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 207,105 shares of company stock valued at $1,215,422 in the last ninety days. Company insiders own 0.06% of the company’s stock.

Institutional Investors Weigh In On Banco Santander Brasil

Several hedge funds have recently modified their holdings of BSBR. Empowered Funds LLC bought a new position in Banco Santander Brasil in the fourth quarter worth $9,772,000. Alpine Global Management LLC bought a new position in Banco Santander Brasil in the fourth quarter worth $4,735,000. Aquamarine Financial Cayman Ltd lifted its position in Banco Santander Brasil by 8.6% in the fourth quarter. Aquamarine Financial Cayman Ltd now owns 9,770,322 shares of the bank’s stock worth $59,697,000 after purchasing an additional 775,000 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Banco Santander Brasil by 17.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,957,288 shares of the bank’s stock worth $16,531,000 after purchasing an additional 430,531 shares during the period. Finally, Millennium Management LLC lifted its position in Banco Santander Brasil by 2,671.0% in the third quarter. Millennium Management LLC now owns 326,451 shares of the bank’s stock worth $1,825,000 after purchasing an additional 314,670 shares during the period. 14.53% of the stock is owned by institutional investors.

Key Stories Impacting Banco Santander Brasil

Here are the key news stories impacting Banco Santander Brasil this week:

• Positive Sentiment: Company announced a special dividend of $0.1064 per ADS payable May 18 to holders of record April 23 (ex-dividend April 23) — a near-term cash return that can support the share price. MarketBeat article
• Positive Sentiment: Wall Street Zen upgraded BSBR from Buy to Strong-Buy (March 27), which could attract buyers if investors follow that research. Wall Street Zen upgrade
• Neutral Sentiment: Analyst coverage is mixed: Weiss Ratings cut BSBR to Hold while coverage overall averages to a “Hold” rating — this produces balanced pressure rather than a clear directional catalyst. Weiss Ratings
• Neutral Sentiment: Institutional moves show small-scale repositioning: several funds added or trimmed modest stakes in recent quarters (institutional ownership ~14.5%), which is not a large directional change.
• Negative Sentiment: Multiple insiders executed sizable stock sales in March (timing/pricing near $5.79–$5.95): Jean Paulo Kambourakis sold 36,721 shares (~$216k), cutting his stake by ~53.7%. SEC filing
• Negative Sentiment: Ana Paula Vitali Janes Vescovi sold 38,000 shares (~$220k) on March 19, trimming her holding by ~52.8%. SEC filing
• Negative Sentiment: Alexandre Guimaraes Soares sold 35,443 shares (~$210k) on March 19, a ~54.8% reduction. SEC filing
• Negative Sentiment: Other insider disposals include Alexandre Teixeira De Araujo (20,156 shares), VP Cezar Augusto Janikian (17,000 shares), Eduardo Alvarez Garrido (16,500 shares) and Michele Soares Ishii (12,000 shares); these aggregated sales raise governance/insider-confidence questions for some investors. Sample SEC filing

Banco Santander Brasil Company Profile

Banco Santander Brasil SA is the Brazilian unit of Spain-based Grupo Santander and one of the country’s major commercial banks. Headquartered in São Paulo, the bank serves a broad client base across Brazil through an integrated network of branches, ATMs and digital channels. Its shares are represented abroad via American Depositary Shares listed on the New York Stock Exchange under the ticker BSBR.

The bank offers a full range of financial products and services for retail, small and medium-sized enterprises, and corporate clients.