As this happened, Barclays downgraded its Banco Santander (Brasil) S.A. [BSBR] rating to an Underweight from a an Equal weight in a research note published on Tuesday, November 15, 2022; the price target was decreased to $5 from $6. PT values the company’s stock at a premium of -10.6 to its Tuesday closing price. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early November from “a Neutral” to “an Underperform”. Goldman also remained covering BSBR and has decreased its forecast on October 28, 2022 with a “Sell” recommendation from previously “Neutral” rating. Barclays started covering the stock on January 24, 2022. It rated BSBR as “an Equal weight”.
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Price Performance Review of BSBR
On Tuesday, Banco Santander (Brasil) S.A. [NYSE:BSBR] saw its stock jump 2.60% to $5.53. On the same session, the stock had its day’s lowest price of $5.48, but rose to a high of $5.555. Over the last five days, the stock has lost -2.47%. Banco Santander (Brasil) S.A. shares have risen nearly 2.60% since the year began. Nevertheless, the stocks have fallen -0.24% over the past one year. While a 52-week high of $7.75 was reached on 01/11/23, a 52-week low of $4.76 was recorded on 01/03/23. SMA at 50 days reached $5.33, while 200 days put it at $5.86. A total of 1.57 million shares were traded, compared to the trading of 1.26 million shares in the previous session.
Levels Of Support And Resistance For BSBR Stock
The 24-hour chart illustrates a support level at 5.49, which if violated will result in even more drops to 5.45. On the upside, there is a resistance level at 5.56. A further resistance level may holdings at 5.60. The Relative Strength Index (RSI) on the 14-day chart is 50.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.43%. Stochastics %K at 43.51% indicates the stock is a holding.
How much short interest is there in Banco Santander (Brasil) S.A.?
A steep rise in short interest was recorded in Banco Santander (Brasil) S.A. stocks on Oct 13, 2022, growing by 1.02 million shares to a total of 2.66 million shares. Yahoo Finance data shows the prior-month short interest on Sep 14, 2022 was 1.64 million shares. There was a rise of 38.35%, which implies that there is a positive sentiment for the stock.
Banco Santander (Brasil) S.A. [BSBR] – Who Are The Largest Shareholders?
In filings from Invesco Capital Management LLC, it is revealed that the company now owns 5,823,584 shares, or roughly 0.16% of the outstanding BSBR shares. In other words, the investor’s shares have risen by 1,239,358 from its previous 13-F filing of 4584226.0. Additionally, Macquarie Investment Management B decreased -0.22% of its stake after which the total value it holdings stand at $21,422,835, while The Vanguard Group, Inc. reduced -4.87% of its stake to hold $16.72 million in the firm. Over the last quarter, Arrowstreet Capital LP purchased 1,303,004 shares of Banco Santander (Brasil) S.A., while Aperio Group LLC bought 242,069 shares. At present, Marshall Wace LLP is holding 1,117,124 shares valued at $6.02 million. Parametric Portfolio Associates L owned 956,937 shares of the company at the time of its most recent 13F filing, worth $5.16 million.
According to FactSet, Banco Santander (Brasil) S.A.’s share price will average $6.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 16.7 percent from its previous closing price of $5.39. Analysts expect Banco Santander (Brasil) S.A. stock to reach the higher price of $9.03, while the lowest price estimate is $4.88. However, 14 analysts have rated BSBR stock as a Hold in their predictions for 2023.