Insider Selling: Banco Santander Brasil (NYSE:BSBR) Insider Sells 31,285 Shares of Stock

Banco Santander Brasil SA (NYSE:BSBR) insider Rafael Abujamra Kappaz sold 31,285 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $5.76, for a total value of $180,201.60. Following the completion of the sale, the insider directly owned 35,049 shares in the company, valued at approximately $201,882.24. The trade was a 47.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Banco Santander Brasil Trading Down 4.1%

Shares of NYSE BSBR traded down $0.24 during trading on Friday, reaching $5.53. The stock had a trading volume of 1,954,722 shares, compared to its average volume of 1,053,050. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 3.15. The business’s 50-day moving average price is $6.48 and its 200-day moving average price is $6.03. Banco Santander Brasil SA has a fifty-two week low of $4.26 and a fifty-two week high of $7.32.

Banco Santander Brasil Announces Dividend

The business also recently disclosed a special dividend, which was paid on Wednesday, February 18th. Stockholders of record on Thursday, January 22nd were paid a $0.1001 dividend. The ex-dividend date was Thursday, January 22nd.

Hedge Funds Weigh In On Banco Santander Brasil

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Aquamarine Financial Cayman Ltd increased its stake in Banco Santander Brasil by 8.6% in the fourth quarter. Aquamarine Financial Cayman Ltd now owns 9,770,322 shares of the bank’s stock valued at $59,697,000 after purchasing an additional 775,000 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Banco Santander Brasil by 17.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,957,288 shares of the bank’s stock worth $16,531,000 after buying an additional 430,531 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Banco Santander Brasil in the 4th quarter valued at $9,772,000. Alpine Global Management LLC purchased a new position in shares of Banco Santander Brasil in the 4th quarter valued at $4,735,000. Finally, American Century Companies Inc. raised its stake in Banco Santander Brasil by 21.2% during the 2nd quarter. American Century Companies Inc. now owns 744,630 shares of the bank’s stock worth $4,058,000 after acquiring an additional 130,366 shares in the last quarter. 14.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BSBR. Wall Street Zen upgraded shares of Banco Santander Brasil from a “hold” rating to a “buy” rating in a research note on Thursday. Weiss Ratings cut shares of Banco Santander Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 6th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Banco Santander Brasil has an average rating of “Hold”.

Banco Santander Brasil Company Profile

Banco Santander Brasil SA is the Brazilian unit of Spain-based Grupo Santander and one of the country’s major commercial banks. Headquartered in São Paulo, the bank serves a broad client base across Brazil through an integrated network of branches, ATMs and digital channels. Its shares are represented abroad via American Depositary Shares listed on the New York Stock Exchange under the ticker BSBR.

The bank offers a full range of financial products and services for retail, small and medium-sized enterprises, and corporate clients.