Alexandre Guimaraes Soares Sells 35,443 Shares of Banco Santander Brasil (NYSE:BSBR) Stock

Banco Santander Brasil SA (NYSE:BSBR) insider Alexandre Guimaraes Soares sold 35,443 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $5.92, for a total transaction of $209,822.56. Following the sale, the insider directly owned 29,286 shares in the company, valued at approximately $173,373.12. This represents a 54.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Banco Santander Brasil Trading Down 0.7%

Banco Santander Brasil stock traded down $0.05 during trading hours on Thursday, hitting $6.33. 1,181,211 shares of the stock traded hands, compared to its average volume of 1,021,120. The firm’s 50 day moving average price is $6.25 and its 200-day moving average price is $6.11. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 3.15. Banco Santander Brasil SA has a 1 year low of $4.62 and a 1 year high of $7.32.

Banco Santander Brasil Announces Dividend

The company also recently announced a special dividend, which will be paid on Monday, May 18th. Investors of record on Thursday, April 23rd will be issued a dividend of $0.1064 per share. The ex-dividend date of this dividend is Thursday, April 23rd.

Institutional Trading of Banco Santander Brasil

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aquamarine Financial Cayman Ltd grew its position 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 acquiring an additional 775,000 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings 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 purchasing an additional 430,531 shares in the last quarter. Empowered Funds LLC acquired a new position in Banco Santander Brasil during the fourth quarter worth about $9,772,000. Alpine Global Management LLC acquired a new position in shares of Banco Santander Brasil during the 4th quarter worth approximately $4,735,000. Finally, Alliancebernstein L.P. grew its holdings in Banco Santander Brasil by 99.6% in the 3rd 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 in the last quarter. Institutional investors and hedge funds own 14.53% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on BSBR shares. Weiss Ratings lowered shares of Banco Santander Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 6th. Wall Street Zen upgraded shares of Banco Santander Brasil from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Banco Santander Brasil has a consensus rating of “Hold”.

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.