Banco Santander Brasil SA (NYSE:BSBR) Plans Quarterly Dividend of $0.10

Banco Santander Brasil SA (NYSE:BSBR) announced a quarterly dividend on Monday, July 20th. Investors of record on Thursday, July 30th will be given a dividend of 0.1045 per share by the bank on Monday, August 17th. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date is Thursday, July 30th.

Banco Santander Brasil has decreased its dividend payment by an average of 0.2%per year over the last three years. Banco Santander Brasil has a payout ratio of 34.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Banco Santander Brasil to earn $0.95 per share next year, which means the company should continue to be able to cover its $0.29 annual dividend with an expected future payout ratio of 30.5%.

Banco Santander Brasil Stock Up 0.8%

NYSE BSBR traded up $0.04 on Tuesday, hitting $5.42. 667,926 shares of the company were exchanged, compared to its average volume of 1,200,905. Banco Santander Brasil has a 1-year low of $4.62 and a 1-year high of $7.32. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 3.25. The firm has a 50 day moving average of $5.33 and a two-hundred day moving average of $5.94.

Insiders Place Their Bets

In other news, insider Eduardo Alvarez Garrido sold 7,500 shares of Banco Santander Brasil stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $5.43, for a total value of $40,725.00. Following the completion of the transaction, the insider owned 24,701 shares of the company’s stock, valued at $134,126.43. This trade represents a 23.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Mario Roberto Opice Leao bought 276,851 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was purchased at an average cost of $5.38 per share, for a total transaction of $1,489,458.38. Following the completion of the acquisition, the chief executive officer owned 536,751 shares in the company, valued at $2,887,720.38. This trade represents a 106.52% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders acquired 500,251 shares of company stock valued at $2,651,888. Corporate insiders own 0.06% of the company’s stock.

Institutional Trading of Banco Santander Brasil

A number of hedge funds have recently made changes to their positions in the business. Checchi Capital Advisers LLC lifted its holdings in shares of Banco Santander Brasil by 10.0% during the fourth quarter. Checchi Capital Advisers LLC now owns 17,463 shares of the bank’s stock worth $107,000 after buying an additional 1,585 shares in the last quarter. Mariner LLC grew its stake in shares of Banco Santander Brasil by 1.8% in the fourth quarter. Mariner LLC now owns 97,928 shares of the bank’s stock valued at $598,000 after acquiring an additional 1,732 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Banco Santander Brasil by 41.6% in the first quarter. Royal Bank of Canada now owns 7,136 shares of the bank’s stock valued at $43,000 after acquiring an additional 2,098 shares in the last quarter. GAMMA Investing LLC increased its position in Banco Santander Brasil by 10.7% during the fourth quarter. GAMMA Investing LLC now owns 24,316 shares of the bank’s stock worth $149,000 after acquiring an additional 2,350 shares during the period. Finally, Invesco Ltd. increased its position in Banco Santander Brasil by 1.1% during 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 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.