Banco Santander Brasil (NYSE:BSBR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Banco Santander Brasil (NYSE:BSBR) from a buy rating to a strong-buy rating in a research report released on Saturday morning.

Separately, Weiss Ratings cut Banco Santander Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 6th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Banco Santander Brasil Trading Down 0.2%

Shares of Banco Santander Brasil stock opened at $6.35 on Friday. The business has a fifty day simple moving average of $6.23 and a 200-day simple moving average of $6.13. 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 has a 12 month low of $4.62 and a 12 month high of $7.32.

Banco Santander Brasil Announces Dividend

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

Insider Activity

In related news, insider Alexandre Teixeira De Araujo sold 20,156 shares of Banco Santander Brasil stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $5.94, for a total transaction of $119,726.64. Following the completion of the sale, the insider owned 18,071 shares of the company’s stock, valued at approximately $107,341.74. This trade represents a 52.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eduardo Alvarez Garrido sold 16,500 shares of Banco Santander Brasil stock in a transaction on Thursday, March 26th. The shares were sold at an average price of $5.95, for a total value of $98,175.00. Following the sale, the insider directly owned 32,201 shares of the company’s stock, valued at approximately $191,595.95. The trade was a 33.88% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 207,105 shares of company stock valued at $1,215,422. 0.06% of the stock is currently owned by company insiders.

Institutional Trading of Banco Santander Brasil

A number of institutional investors have recently bought and sold shares of the company. Aquamarine Financial Cayman Ltd boosted its position in Banco Santander Brasil by 8.6% during the fourth 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 raised its holdings in Banco Santander Brasil by 17.0% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,957,288 shares of the bank’s stock valued at $16,531,000 after buying an additional 430,531 shares in the last quarter. Empowered Funds LLC bought a new position in Banco Santander Brasil during the fourth quarter valued at about $9,772,000. Alpine Global Management LLC bought a new position in Banco Santander Brasil during the fourth quarter valued at about $4,735,000. Finally, Alliancebernstein L.P. raised its holdings 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 in the last quarter. Institutional investors and hedge funds own 14.53% of the company’s stock.

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.