Banco Santander Brasil (NYSE:BSBR) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen cut shares of Banco Santander Brasil (NYSE:BSBR) from a strong-buy rating to a hold rating in a research report report published on Wednesday morning.

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

Banco Santander Brasil Trading Down 0.4%

NYSE BSBR opened at $6.19 on Wednesday. The company’s 50 day moving average is $6.54 and its 200-day moving average is $6.01. Banco Santander Brasil has a 12-month low of $4.26 and a 12-month high of $7.32. The company has a debt-to-equity ratio of 3.15, a current ratio of 1.62 and a quick ratio of 1.62.

Banco Santander Brasil Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Wednesday, February 18th. Investors of record on Thursday, January 22nd were paid a dividend of $0.1001 per share. The ex-dividend date of this dividend was Thursday, January 22nd.

Institutional Trading of Banco Santander Brasil

A number of hedge funds and other institutional investors have recently bought and sold shares of BSBR. American Century Companies Inc. grew its position in shares of Banco Santander Brasil by 21.2% during the 2nd quarter. American Century Companies Inc. now owns 744,630 shares of the bank’s stock valued at $4,058,000 after purchasing an additional 130,366 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Banco Santander Brasil by 5.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,526,757 shares of the bank’s stock worth $13,771,000 after buying an additional 121,804 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Banco Santander Brasil in the second quarter worth $70,000. Vise Technologies Inc. bought a new stake in Banco Santander Brasil during the second quarter valued at $94,000. Finally, Savant Capital LLC purchased a new position in Banco Santander Brasil during the second quarter worth about $123,000. Institutional investors own 14.53% of the company’s stock.

About Banco Santander Brasil

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.