Banco Santander (Brasil) (NYSE:BSBR) Upgraded by StockNews.com to "Buy" Rating

Banco Santander (Brasil) (NYSE:BSBR - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Thursday.

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

Banco Santander (Brasil) Trading Up 5.5 %

Shares of Banco Santander (Brasil) stock traded up $0.25 during trading hours on Thursday, reaching $4.74. 807,404 shares of the company's stock were exchanged, compared to its average volume of 693,814. The business has a fifty day moving average of $4.19 and a two-hundred day moving average of $4.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.30 and a quick ratio of 0.30. Banco Santander has a 1 year low of $3.75 and a 1 year high of $6.01.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Barclays PLC raised its position in Banco Santander (Brasil) by 221.4% in 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 period. Wellington Management Group LLP raised its holdings in shares of Banco Santander (Brasil) by 49.2% in the 3rd 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 period. JPMorgan Chase & Co. lifted its stake in Banco Santander (Brasil) by 767.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,419 shares of the bank's stock worth $160,000 after acquiring an additional 26,911 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake 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 acquiring an additional 7,608 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in Banco Santander (Brasil) by 107.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 378,361 shares of the bank's stock valued at $1,990,000 after acquiring an additional 196,141 shares in the last quarter. Institutional investors and hedge funds 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.