Banco Santander Brasil (NYSE:BSBR) Insider Sells 29,200 Shares

Banco Santander Brasil SA (NYSE:BSBR) insider Gustavo De Sousa Santos sold 29,200 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $5.70, for a total transaction of $166,440.00. Following the sale, the insider directly owned 53,023 shares of the company’s stock, valued at approximately $302,231.10. This trade represents a 35.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Banco Santander Brasil Price Performance

BSBR stock traded up $0.01 during midday trading on Thursday, reaching $5.79. 2,121,644 shares of the company’s stock traded hands, compared to its average volume of 1,362,379. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 3.25. Banco Santander Brasil SA has a fifty-two week low of $4.74 and a fifty-two week high of $7.32. The business has a 50-day moving average price of $5.33 and a two-hundred day moving average price of $5.88.

Banco Santander Brasil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Thursday, July 30th will be given a dividend of $0.1045 per share. This represents a $0.42 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend is Thursday, July 30th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC acquired a new position in Banco Santander Brasil in the fourth quarter worth about $9,772,000. Alpine Global Management LLC bought a new position in Banco Santander Brasil during the fourth quarter worth $4,735,000. Aquamarine Financial Cayman Ltd boosted its holdings 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 worth $59,697,000 after purchasing an additional 775,000 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Banco Santander Brasil by 17.0% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,957,288 shares of the bank’s stock valued at $16,531,000 after purchasing an additional 430,531 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Banco Santander Brasil by 2,671.0% during the third quarter. Millennium Management LLC now owns 326,451 shares of the bank’s stock worth $1,825,000 after purchasing an additional 314,670 shares during the period. 14.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on BSBR. Weiss Ratings raised Banco Santander Brasil from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Zacks Research downgraded Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a report on Friday, July 3rd. Wall Street Zen cut Banco Santander Brasil from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, JPMorgan Chase & Co. downgraded shares of Banco Santander Brasil from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $6.50 to $6.00 in a research report on Thursday, July 30th. Two analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $6.00.

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.