Banco Santander Brasil (NYSE:BSBR) Insider Sells $166,440.00 in Stock

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

Banco Santander Brasil Trading Up 0.3%

Shares of NYSE:BSBR opened at $5.80 on Friday. Banco Santander Brasil SA has a 52-week low of $4.74 and a 52-week high of $7.32. The stock has a 50 day moving average price of $5.35 and a 200-day moving average price of $5.88. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.29 and a quick ratio of 1.29.

Banco Santander Brasil Announces Dividend

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

Institutional Trading of Banco Santander Brasil

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Checchi Capital Advisers LLC increased its position in Banco Santander Brasil by 10.0% during the 4th quarter. Checchi Capital Advisers LLC now owns 17,463 shares of the bank’s stock valued at $107,000 after buying an additional 1,585 shares in the last quarter. Mariner LLC boosted its holdings in Banco Santander Brasil by 1.8% in the fourth quarter. Mariner LLC now owns 97,928 shares of the bank’s stock worth $598,000 after acquiring an additional 1,732 shares in the last quarter. Royal Bank of Canada boosted its holdings in Banco Santander Brasil by 41.6% in the first quarter. Royal Bank of Canada now owns 7,136 shares of the bank’s stock worth $43,000 after acquiring an additional 2,098 shares in the last quarter. Invesco Ltd. grew its stake in shares of Banco Santander Brasil by 1.1% in the fourth quarter. Invesco Ltd. now owns 232,826 shares of the bank’s stock worth $1,423,000 after acquiring an additional 2,631 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Banco Santander Brasil by 251.5% in the first quarter. EverSource Wealth Advisors LLC now owns 5,804 shares of the bank’s stock worth $34,000 after acquiring an additional 4,153 shares during the last quarter. Hedge funds and other institutional investors own 14.53% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. JPMorgan Chase & Co. lowered 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. Wall Street Zen downgraded shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings upgraded shares of Banco Santander Brasil from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Finally, Zacks Research cut shares of Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a research report on Friday, July 3rd. Two investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Banco Santander Brasil currently has an average rating of “Reduce” and an average 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.