Banco Santander Brasil (NYSE:BSBR) Insider Robson De Souza Rezende Sells 39,874 Shares

Banco Santander Brasil SA (NYSE:BSBR) insider Robson De Souza Rezende sold 39,874 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $5.70, for a total transaction of $227,281.80. Following the completion of the transaction, the insider directly owned 31,003 shares of the company’s stock, valued at approximately $176,717.10. The trade was a 56.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Banco Santander Brasil Trading Up 0.1%

Banco Santander Brasil stock opened at $5.79 on Friday. Banco Santander Brasil SA has a fifty-two week low of $4.74 and a fifty-two week high of $7.32. The firm’s fifty day moving average price is $5.34 and its 200-day moving average price is $5.88. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 3.25.

Banco Santander Brasil Announces Dividend

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

Institutional Investors Weigh In On Banco Santander Brasil

Institutional investors have recently made changes to their positions in the business. Aquamarine Financial Cayman Ltd grew its holdings 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 valued at $59,697,000 after purchasing an additional 775,000 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Banco Santander Brasil by 17.0% in the third 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 last quarter. Empowered Funds LLC bought a new stake in Banco Santander Brasil in the fourth quarter worth $9,772,000. Alpine Global Management LLC purchased a new stake in Banco Santander Brasil during the fourth quarter valued at about $4,735,000. Finally, Alliancebernstein L.P. boosted its position in Banco Santander Brasil by 99.6% during the third quarter. Alliancebernstein L.P. now owns 327,261 shares of the bank’s stock valued at $1,829,000 after buying an additional 163,314 shares during the period. Hedge funds and other institutional investors own 14.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BSBR shares. Weiss Ratings raised shares of Banco Santander Brasil from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. 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. JPMorgan Chase & Co. downgraded shares of Banco Santander Brasil from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $6.50 to $6.00 in a report on Thursday, July 30th. Finally, Zacks Research lowered shares of Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a research report on Friday, July 3rd. Two analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.