Denis Junior Ferro Sells 3,203 Shares of Banco Santander Brasil (NYSE:BSBR) Stock

Banco Santander Brasil SA (NYSE:BSBR) insider Denis Junior Ferro sold 3,203 shares of the firm’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $5.95, for a total value of $19,057.85. Following the completion of the transaction, the insider owned 26,803 shares in the company, valued at $159,477.85. The trade was a 10.67% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Banco Santander Brasil Stock Performance

Shares of BSBR opened at $5.88 on Thursday. Banco Santander Brasil SA has a 52-week low of $4.94 and a 52-week high of $7.32. The firm’s fifty day moving average is $5.57 and its two-hundred day moving average is $5.71. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 3.34.

Banco Santander Brasil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Thursday, July 30th were paid a dividend of $0.1045 per share. This represents a $0.42 annualized dividend and a yield of 7.1%. The ex-dividend date of this dividend was Thursday, July 30th.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on BSBR shares. Weiss Ratings upgraded Banco Santander Brasil from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. UBS Group cut Banco Santander Brasil from a “buy” rating to a “neutral” rating in a report on Monday, August 24th. Wall Street Zen downgraded Banco Santander Brasil from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Zacks Research lowered Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a research note on Friday, July 3rd. Finally, JPMorgan Chase & Co. cut Banco Santander Brasil from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $6.50 to $6.00 in a report on Thursday, July 30th. Three investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Banco Santander Brasil currently has a consensus rating of “Reduce” and an average target price of $6.00.

Institutional Trading of Banco Santander Brasil

Several institutional investors have recently made changes to their positions in BSBR. Engineers Gate Manager LP grew its position in Banco Santander Brasil by 765.6% in the second quarter. Engineers Gate Manager LP now owns 139,178 shares of the bank’s stock worth $731,000 after acquiring an additional 123,100 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Banco Santander Brasil in the second quarter valued at $476,000. EverSource Wealth Advisors LLC lifted its stake in shares of Banco Santander Brasil by 251.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,804 shares of the bank’s stock valued at $34,000 after purchasing an additional 4,153 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Banco Santander Brasil by 41.6% in the 1st quarter. Royal Bank of Canada now owns 7,136 shares of the bank’s stock valued at $43,000 after purchasing an additional 2,098 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Banco Santander Brasil by 43.5% during the 1st 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. Hedge funds and other institutional investors own 14.53% of the company’s stock.

Banco Santander Brasil Company Profile

Banco Santander Brasil SA is a Brazilian financial institution and a subsidiary of Spain-based Banco Santander. Headquartered in São Paulo, the company provides banking and financial services to individual customers, small and midsize businesses, corporations and institutional clients throughout Brazil.

Its offerings include checking and savings accounts, consumer and commercial lending, credit and debit cards, mortgages, insurance, investments, asset management, payment solutions and foreign-exchange services.