Insider Selling: Banco Santander Brasil (NYSE:BSBR) Insider Sells 7,500 Shares of Stock

Banco Santander Brasil SA (NYSE:BSBR) insider Eduardo Alvarez Garrido sold 7,500 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $5.43, for a total transaction of $40,725.00. Following the completion of the sale, the insider owned 24,701 shares in the company, valued at $134,126.43. This represents a 23.29% 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.

Eduardo Alvarez Garrido also recently made the following trade(s):

• On Thursday, March 26th, Eduardo Alvarez Garrido sold 16,500 shares of Banco Santander Brasil stock. The stock was sold at an average price of $5.95, for a total transaction of $98,175.00.

Banco Santander Brasil Stock Performance

Shares of Banco Santander Brasil stock traded down $0.16 on Friday, hitting $5.41. The company’s stock had a trading volume of 545,285 shares, compared to its average volume of 982,342. Banco Santander Brasil SA has a 52-week low of $4.62 and a 52-week 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 firm has a fifty day moving average price of $5.89 and a 200-day moving average price of $6.19.

Banco Santander Brasil Dividend Announcement

The business also recently announced a special dividend, which was paid on Monday, May 18th. Investors of record on Thursday, April 23rd were paid a $0.1064 dividend. The ex-dividend date of this dividend was Thursday, April 23rd.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BSBR. Empowered Funds LLC purchased a new position in shares of Banco Santander Brasil during the 4th quarter worth $9,772,000. Aquamarine Financial Cayman Ltd lifted its stake in shares of Banco Santander Brasil by 8.6% during the 4th 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. Alpine Global Management LLC purchased a new position in shares of Banco Santander Brasil during the 4th quarter worth $4,735,000. Arrowstreet Capital Limited Partnership lifted its stake 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 purchasing an additional 430,531 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of Banco Santander Brasil by 2,671.0% during the 3rd 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. Hedge funds and other institutional investors own 14.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on BSBR shares. Wall Street Zen lowered Banco Santander Brasil from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings lowered shares of Banco Santander Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 6th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus 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.