Insider Selling: Banco Santander Brasil (NYSE:BSBR) Insider Sells $65,935.11 in Stock

Banco Santander Brasil SA (NYSE:BSBR) insider Rudolf Gschliffner sold 11,507 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $5.73, for a total value of $65,935.11. Following the completion of the transaction, the insider owned 33,192 shares of the company’s stock, valued at $190,190.16. The trade was a 25.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Banco Santander Brasil Trading Up 1.6%

BSBR stock opened at $5.82 on Friday. Banco Santander Brasil SA has a one year low of $4.94 and a one year high of $7.32. The company’s fifty day moving average price is $5.46 and its 200-day moving average price is $5.77. 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 announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Thursday, July 30th were issued a $0.1045 dividend. This represents a $0.42 annualized dividend and a dividend yield of 7.2%. The ex-dividend date of this dividend was Thursday, July 30th.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Royal Bank of Canada boosted its stake in Banco Santander Brasil by 288.1% in the 4th quarter. Royal Bank of Canada now owns 5,038 shares of the bank’s stock worth $31,000 after purchasing an additional 3,740 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings 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 buying an additional 4,153 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Banco Santander Brasil during the fourth quarter worth $36,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Banco Santander Brasil during the first quarter valued at $46,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Banco Santander Brasil in the 3rd quarter valued at $78,000. Institutional investors 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.