Banco Santander Brasil (NYSE:BSBR) Insider Sells $113,600.00 in Stock

Banco Santander Brasil SA (NYSE:BSBR) insider Leonardo Mendes Cabral sold 20,000 shares of the company’s stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $5.68, for a total transaction of $113,600.00. Following the sale, the insider directly owned 112,571 shares of the company’s stock, valued at approximately $639,403.28. This trade represents a 15.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Banco Santander Brasil Price Performance

NYSE:BSBR opened at $5.57 on Thursday. The business’s 50-day moving average is $5.73 and its two-hundred day moving average is $5.65. The company has a debt-to-equity ratio of 3.34, a current ratio of 1.56 and a quick ratio of 1.56. Banco Santander Brasil SA has a 12 month low of $4.94 and a 12 month high of $7.32.

Banco Santander Brasil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Thursday, July 30th were given a dividend of $0.1045 per share. The ex-dividend date of this dividend was Thursday, July 30th. This represents a $0.42 annualized dividend and a yield of 7.5%.

Institutional Investors Weigh In On Banco Santander Brasil

Hedge funds and other institutional investors have recently modified their holdings of the stock. Alpine Global Management LLC acquired a new position in Banco Santander Brasil in the fourth quarter worth $4,735,000. Dimensional Fund Advisors LP raised its holdings in shares of Banco Santander Brasil by 43.5% during the first quarter. Dimensional Fund Advisors LP now owns 221,909 shares of the bank’s stock worth $1,316,000 after purchasing an additional 67,224 shares during the period. Engineers Gate Manager LP raised its holdings in shares of Banco Santander Brasil by 765.6% during the second quarter. Engineers Gate Manager LP now owns 139,178 shares of the bank’s stock worth $731,000 after purchasing an additional 123,100 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Banco Santander Brasil in the 2nd quarter worth about $476,000. Finally, SPX Gestao de Recursos Ltda boosted its holdings in shares of Banco Santander Brasil by 58.9% in the 1st quarter. SPX Gestao de Recursos Ltda now owns 86,883 shares of the bank’s stock valued at $515,000 after buying an additional 32,189 shares during the period. Institutional investors own 14.53% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on BSBR shares. HSBC reaffirmed a “hold” rating and issued a $6.20 price objective (down from $7.20) on shares of Banco Santander Brasil in a research report on Tuesday, September 15th. JPMorgan Chase & Co. lowered shares of Banco Santander Brasil from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $6.50 to $6.00 in a report on Thursday, July 30th. UBS Group downgraded shares of Banco Santander Brasil from a “buy” rating to a “neutral” rating in a research note on Monday, August 24th. Wall Street Zen lowered shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Weiss Ratings raised shares of Banco Santander Brasil from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Four investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Banco Santander Brasil presently has an average rating of “Reduce” and an average price target of $6.10.

About Banco Santander Brasil

Banco Santander (Brasil) SA is a Brazilian financial institution and a subsidiary of Spain-based Banco Santander. Headquartered in São Paulo, the bank serves individuals, small and midsize businesses, corporations, and institutional clients throughout Brazil.

The company provides retail and commercial banking services, including checking and savings accounts, consumer and business lending, credit and debit cards, mortgages, payment solutions, and digital banking. Its broader platform also includes corporate and investment banking, private banking, asset management, insurance, and other financial services.

Santander Brasil’s operations were built in part through the expansion of Banco Santander in Brazil and the acquisition of Banco do Estado de São Paulo (Banespa) in 2000.