Insider Selling: Banco Santander Brasil (NYSE:BSBR) Insider Sells 31,285 Shares of Stock

Banco Santander Brasil SA (NYSE:BSBR) insider Rafael Abujamra Kappaz sold 31,285 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $5.76, for a total value of $180,201.60. Following the transaction, the insider directly owned 35,049 shares in the company, valued at approximately $201,882.24. The trade was a 47.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Banco Santander Brasil Stock Performance

Shares of BSBR traded down $0.24 during midday trading on Friday, reaching $5.53. 1,954,722 shares of the stock were exchanged, compared to its average volume of 1,053,050. Banco Santander Brasil SA has a twelve month low of $4.26 and a twelve month high of $7.32. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 3.15. The business’s 50-day moving average price is $6.48 and its 200 day moving average price is $6.03.

Banco Santander Brasil Announces Dividend

The company also recently declared a special dividend, which was paid on Wednesday, February 18th. Shareholders of record on Thursday, January 22nd were given a dividend of $0.1001 per share. The ex-dividend date of this dividend was Thursday, January 22nd.

Analysts Set New Price Targets

Several research firms have recently weighed in on BSBR. Wall Street Zen raised Banco Santander Brasil from a “hold” rating to a “buy” rating in a report on Thursday. Weiss Ratings cut shares of Banco Santander Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 6th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Institutional Trading of Banco Santander Brasil

Hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC acquired a new position in shares of Banco Santander Brasil in the fourth quarter valued at approximately $9,772,000. Aquamarine Financial Cayman Ltd lifted its holdings in shares of Banco Santander Brasil by 8.6% during the fourth 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 acquired a new stake in shares of Banco Santander Brasil during the fourth quarter worth $4,735,000. Arrowstreet Capital Limited Partnership grew its position in Banco Santander Brasil by 17.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,957,288 shares of the bank’s stock valued at $16,531,000 after buying an additional 430,531 shares during the last quarter. Finally, Millennium Management LLC increased its stake in Banco Santander Brasil by 2,671.0% in the 3rd quarter. Millennium Management LLC now owns 326,451 shares of the bank’s stock valued at $1,825,000 after buying an additional 314,670 shares during the period. 14.53% of the stock is owned by institutional investors and hedge funds.

About Banco Santander Brasil

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.