Banco Santander Brasil SA (BSBR) Stock Rating Upgraded by BidaskClub

Banco Santander Brasil SA (NYSE:BSBR) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

A number of other research firms also recently weighed in on BSBR. Citigroup Inc. upgraded Banco Santander Brasil SA from a “sell” rating to a “neutral” rating in a research note on Tuesday, July 4th. ValuEngine upgraded Banco Santander Brasil SA from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research downgraded Banco Santander Brasil SA from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Banco Santander Brasil SA presently has a consensus rating of “Hold” and a consensus price target of $13.56.

Shares of Banco Santander Brasil SA (BSBR) opened at 9.31 on Wednesday. The company has a market cap of $34.92 billion, a PE ratio of 14.11 and a beta of 1.56. Banco Santander Brasil SA has a 12 month low of $6.86 and a 12 month high of $11.75. The firm’s 50-day moving average price is $9.01 and its 200-day moving average price is $8.35.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd boosted its stake in shares of Banco Santander Brasil SA by 86.6% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 64,535 shares of the bank’s stock worth $486,000 after acquiring an additional 29,955 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Banco Santander Brasil SA by 20.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 37,851 shares of the bank’s stock worth $285,000 after acquiring an additional 6,482 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Banco Santander Brasil SA by 73.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 9,351,744 shares of the bank’s stock worth $70,419,000 after acquiring an additional 3,960,380 shares during the period. Caxton Associates LP boosted its stake in shares of Banco Santander Brasil SA by 11.9% during the 2nd quarter. Caxton Associates LP now owns 47,000 shares of the bank’s stock worth $354,000 after acquiring an additional 4,997 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of Banco Santander Brasil SA by 143.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 87,463 shares of the bank’s stock worth $659,000 after acquiring an additional 51,592 shares during the period. Institutional investors own 1.66% of the company’s stock.

About Banco Santander Brasil SA

Banco Santander (Brasil) SA (the Bank) is indirectly controlled by Banco Santander, SA, and is an institution of the Financial and Prudential Group. The Bank operates through two segments, Commercial Banking and Global Wholesale Banking. The Company conducts its operations by means of portfolios such as commercial, investment, lending and financing, mortgage lending, leasing, credit card operations and foreign exchange.

Analyst Recommendations for Banco Santander Brasil SA (NYSE:BSBR)

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