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

Banco Santander (Brasil) logo with Finance background

StockNews.com downgraded shares of Banco Santander (Brasil) (NYSE:BSBR - Free Report) from a buy rating to a hold rating in a research report released on Friday.

BSBR has been the topic of a number of other research reports. The Goldman Sachs Group raised shares of Banco Santander (Brasil) from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $4.20 to $4.70 in a report on Wednesday, February 12th. JPMorgan Chase & Co. raised shares of Banco Santander (Brasil) from a "neutral" rating to an "overweight" rating and lowered their price target for the company from $7.00 to $6.00 in a report on Monday, November 25th. Finally, Bank of America downgraded shares of Banco Santander (Brasil) from a "buy" rating to a "neutral" rating in a report on Tuesday, December 10th.

Check Out Our Latest Analysis on Banco Santander (Brasil)

Banco Santander (Brasil) Stock Performance

Shares of BSBR traded up $0.01 on Friday, reaching $4.63. The company's stock had a trading volume of 208,106 shares, compared to its average volume of 872,897. 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 stock has a market capitalization of $17.21 billion, a P/E ratio of 5.71, a PEG ratio of 0.73 and a beta of 1.01. The stock's 50 day simple moving average is $4.26 and its two-hundred day simple moving average is $4.76. Banco Santander has a 12-month low of $3.75 and a 12-month high of $6.01.

Banco Santander (Brasil) Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Friday, January 24th will be issued a dividend of $0.066 per share. This represents a $0.26 annualized dividend and a yield of 5.71%. The ex-dividend date is Friday, January 24th. Banco Santander (Brasil)'s dividend payout ratio is currently 24.69%.

Institutional Investors Weigh In On Banco Santander (Brasil)

Several institutional investors and hedge funds have recently modified their holdings of BSBR. Wellington Management Group LLP raised its position in shares of Banco Santander (Brasil) by 49.2% during the third quarter. Wellington Management Group LLP now owns 1,137,946 shares of the bank's stock valued at $5,986,000 after buying an additional 375,364 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Banco Santander (Brasil) during the fourth quarter valued at approximately $983,000. Robeco Institutional Asset Management B.V. raised its position in shares of Banco Santander (Brasil) by 107.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 378,361 shares of the bank's stock valued at $1,990,000 after buying an additional 196,141 shares during the last quarter. Marshall Wace LLP raised its position in shares of Banco Santander (Brasil) by 35.1% during the fourth quarter. Marshall Wace LLP now owns 750,403 shares of the bank's stock valued at $2,934,000 after buying an additional 194,984 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Banco Santander (Brasil) by 92.3% during the fourth quarter. Bank of America Corp DE now owns 256,119 shares of the bank's stock valued at $1,001,000 after buying an additional 122,924 shares during the last quarter. Institutional investors own 14.53% of the company's stock.

Banco Santander (Brasil) Company Profile

(Get Free Report)

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.

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