Banco Santander Brasil (NYSE:BSBR) Insider Gustavo De Sousa Santos Sells 29,200 Shares of Stock

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

Banco Santander Brasil Trading Up 0.1%

Shares of BSBR 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 company has a 50 day moving average price of $5.34 and a 200 day moving average price of $5.88. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.29 and a current ratio of 1.29.

Banco Santander Brasil Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Wall Street Zen cut Banco Santander Brasil from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Weiss Ratings raised Banco Santander Brasil from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Zacks Research downgraded Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a report on Friday, July 3rd. Finally, JPMorgan Chase & Co. lowered Banco Santander Brasil from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $6.50 to $6.00 in a research report on Thursday, July 30th. Two 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 currently has an average rating of “Reduce” and a consensus target price of $6.00.

Hedge Funds Weigh In On Banco Santander Brasil

Several large investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its holdings in Banco Santander Brasil by 288.1% during the 4th quarter. Royal Bank of Canada now owns 5,038 shares of the bank’s stock worth $31,000 after buying an additional 3,740 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Banco Santander Brasil by 251.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,804 shares of the bank’s stock valued at $34,000 after acquiring an additional 4,153 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Banco Santander Brasil in the 4th quarter valued at about $36,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Banco Santander Brasil during the 1st quarter worth about $46,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of Banco Santander Brasil during the 4th quarter worth about $76,000. Hedge funds and other institutional investors own 14.53% of the company’s stock.

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.