Banco Santander Brasil SA (NYSE:BSBR) Given Average Rating of “Reduce” by Brokerages

Banco Santander Brasil SA (NYSE:BSBR) has received a consensus recommendation of “Reduce” from the four research firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $6.00.

A number of equities analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. JPMorgan Chase & Co. downgraded shares of Banco Santander Brasil from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $6.50 to $6.00 in a report on Thursday, July 30th. Weiss Ratings raised shares of Banco Santander Brasil from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Finally, Zacks Research lowered shares of Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a research report on Friday, July 3rd.

Banco Santander Brasil Stock Performance

Banco Santander Brasil stock opened at $5.74 on Monday. Banco Santander Brasil has a one year low of $4.88 and a one year high of $7.32. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.29 and a quick ratio of 1.29. The business has a fifty day moving average of $5.42 and a two-hundred day moving average of $5.79.

Banco Santander Brasil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Thursday, July 30th were paid a dividend of $0.1045 per share. The ex-dividend date of this dividend was Thursday, July 30th. This represents a $0.42 annualized dividend and a dividend yield of 7.3%.

Insiders Place Their Bets

In related news, insider Mariana Cahen Margulies sold 42,545 shares of Banco Santander Brasil stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $5.70, for a total transaction of $242,506.50. Following the completion of the transaction, the insider directly owned 40,275 shares of the company’s stock, valued at approximately $229,567.50. The trade was a 51.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Robson De Souza Rezende sold 39,874 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $5.70, for a total value of $227,281.80. Following the sale, the insider owned 31,003 shares in the company, valued at approximately $176,717.10. The trade was a 56.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have acquired 500,251 shares of company stock worth $2,651,888 and have sold 143,161 shares worth $817,578. 0.06% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Alpine Global Management LLC purchased a new stake in shares of Banco Santander Brasil in the 4th quarter worth about $4,735,000. Hantz Financial Services Inc. grew its stake in Banco Santander Brasil by 23.2% in the 4th quarter. Hantz Financial Services Inc. now owns 48,228 shares of the bank’s stock valued at $295,000 after acquiring an additional 9,077 shares during the last quarter. May Hill Capital LLC acquired a new stake in Banco Santander Brasil in the 4th quarter valued at about $83,000. EverSource Wealth Advisors LLC increased its holdings in Banco Santander Brasil by 251.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,804 shares of the bank’s stock valued at $34,000 after acquiring an additional 4,153 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in Banco Santander Brasil by 41.6% during the 1st quarter. Royal Bank of Canada now owns 7,136 shares of the bank’s stock valued at $43,000 after acquiring an additional 2,098 shares in the last quarter. Hedge funds and other institutional investors own 14.53% of the company’s stock.

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.