Banco Santander (Brasil) (NYSE:BSBR) Upgraded by UBS Group to “Buy” Rating

UBS Group upgraded shares of Banco Santander (Brasil) (NYSE:BSBR) from a neutral rating to a buy rating in a research note published on Wednesday, MarketBeat.com reports.

BSBR has been the topic of several other reports. Wall Street Zen raised Banco Santander (Brasil) from a “hold” rating to a “buy” rating in a research note on Thursday, May 22nd. The Goldman Sachs Group raised Banco Santander (Brasil) from a “sell” rating to a “neutral” rating and raised their target price for the stock from $4.20 to $4.70 in a research note on Wednesday, February 12th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Banco Santander (Brasil) currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.35.

Banco Santander (Brasil) Trading Up 0.4%

Shares of BSBR stock opened at $5.40 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.30 and a current ratio of 0.30. Banco Santander has a 52-week low of $3.75 and a 52-week high of $5.77. The company has a market capitalization of $20.10 billion, a PE ratio of 6.67, a price-to-earnings-growth ratio of 0.73 and a beta of 0.76. The business’s fifty day moving average is $5.07 and its 200 day moving average is $4.61.

Banco Santander (Brasil) Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, May 19th. Stockholders of record on Thursday, April 24th were given a dividend of $0.0463 per share. The ex-dividend date was Wednesday, April 23rd. This represents a dividend yield of 3.97%. Banco Santander (Brasil)’s payout ratio is 22.22%.

Institutional Trading of Banco Santander (Brasil)

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC purchased a new position in shares of Banco Santander (Brasil) during the first quarter worth approximately $46,000. Vident Advisory LLC purchased a new position in shares of Banco Santander (Brasil) during the first quarter worth approximately $50,000. Wellington Management Group LLP increased its position in shares of Banco Santander (Brasil) by 74.0% during the first quarter. Wellington Management Group LLP now owns 1,606,117 shares of the bank’s stock worth $7,565,000 after acquiring an additional 683,045 shares during the period. Brooklyn Investment Group purchased a new position in shares of Banco Santander (Brasil) during the first quarter worth approximately $71,000. Finally, American Century Companies Inc. increased its position in shares of Banco Santander (Brasil) by 11.9% during the first quarter. American Century Companies Inc. now owns 614,264 shares of the bank’s stock worth $2,893,000 after acquiring an additional 65,333 shares during the period. 14.53% of the stock is owned by hedge funds and other institutional investors.

Banco Santander (Brasil) Company Profile

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.