Insider Selling: Banco Santander Brasil (NYSE:BSBR) Insider Sells 7,500 Shares of Stock

Banco Santander Brasil SA (NYSE:BSBR) insider Eduardo Alvarez Garrido sold 7,500 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $5.43, for a total transaction of $40,725.00. Following the transaction, the insider owned 24,701 shares in the company, valued at approximately $134,126.43. The trade was a 23.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Eduardo Alvarez Garrido also recently made the following trade(s):

• On Thursday, March 26th, Eduardo Alvarez Garrido sold 16,500 shares of Banco Santander Brasil stock. The stock was sold at an average price of $5.95, for a total transaction of $98,175.00.

Banco Santander Brasil Trading Down 2.8%

Shares of BSBR stock traded down $0.16 during trading hours on Friday, hitting $5.41. 545,285 shares of the company were exchanged, compared to its average volume of 982,342. Banco Santander Brasil SA has a 1 year low of $4.62 and a 1 year high of $7.32. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 3.25. The firm has a fifty day moving average of $5.89 and a 200 day moving average of $6.19.

Banco Santander Brasil Announces Dividend

The company also recently announced a special dividend, which was paid on Monday, May 18th. Investors of record on Thursday, April 23rd were given a $0.1064 dividend. The ex-dividend date of this dividend was Thursday, April 23rd.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BSBR. Weiss Ratings lowered Banco Santander Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 6th. Wall Street Zen lowered shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Aquamarine Financial Cayman Ltd raised its position in Banco Santander Brasil by 8.6% in 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 period. SPX Gestao de Recursos Ltda raised its stake in shares of Banco Santander Brasil by 58.9% during the first quarter. SPX Gestao de Recursos Ltda now owns 86,883 shares of the bank’s stock valued at $515,000 after purchasing an additional 32,189 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Banco Santander Brasil during the fourth quarter valued at approximately $36,000. Alpine Global Management LLC purchased a new stake in shares of Banco Santander Brasil during the fourth quarter valued at approximately $4,735,000. Finally, Hantz Financial Services Inc. raised its stake in shares of Banco Santander Brasil by 23.2% during the fourth quarter. Hantz Financial Services Inc. now owns 48,228 shares of the bank’s stock valued at $295,000 after purchasing an additional 9,077 shares during the period. 14.53% of the stock is owned by hedge funds and other institutional investors.

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.