Insider Selling: Banco Santander Brasil (NYSE:BSBR) Insider Sells $242,506.50 in Stock

Banco Santander Brasil SA (NYSE:BSBR) insider Mariana Cahen Margulies sold 42,545 shares of the business’s stock in a transaction dated 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 sale, the insider owned 40,275 shares in the company, valued at $229,567.50. This represents a 51.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Banco Santander Brasil Stock Up 0.1%

NYSE:BSBR traded up $0.01 during mid-day trading on Thursday, hitting $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 debt-to-equity ratio of 3.25, a quick ratio of 1.29 and a current ratio of 1.29. The firm’s 50 day simple moving average is $5.33 and its 200 day simple moving average is $5.88. Banco Santander Brasil SA has a 1 year low of $4.74 and a 1 year high of $7.32.

Banco Santander Brasil Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 7.2%. The ex-dividend date is Thursday, July 30th.

Wall Street Analyst Weigh In

A number of brokerages have commented on BSBR. JPMorgan Chase & Co. cut Banco Santander Brasil from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $6.50 to $6.00 in a report on Thursday, July 30th. Zacks Research lowered shares of 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, Weiss Ratings upgraded shares of Banco Santander Brasil from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Two research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $6.00.

Hedge Funds Weigh In On Banco Santander Brasil

Institutional investors have recently added to or reduced their stakes in the company. Aquamarine Financial Cayman Ltd raised its position in shares of Banco Santander Brasil by 8.6% in the 4th 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 in the last quarter. Alpine Global Management LLC bought a new stake in Banco Santander Brasil in the 4th quarter valued at about $4,735,000. Royal Bank of Canada grew its holdings in Banco Santander Brasil by 41.6% in the 1st quarter. Royal Bank of Canada now owns 7,136 shares of the bank’s stock worth $43,000 after buying an additional 2,098 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in Banco Santander Brasil by 9.4% during the 1st quarter. Public Employees Retirement System of Ohio now owns 81,609 shares of the bank’s stock valued at $484,000 after acquiring an additional 6,982 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Banco Santander Brasil by 43.5% in the first quarter. Dimensional Fund Advisors LP now owns 221,909 shares of the bank’s stock worth $1,316,000 after purchasing an additional 67,224 shares during the period. Institutional investors and hedge funds 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.