Banco Santander Brasil (NYSE:BSBR) VP Cezar Augusto Janikian Sells 6,600 Shares

Banco Santander Brasil SA (NYSE:BSBR) VP Cezar Augusto Janikian sold 6,600 shares of Banco Santander Brasil stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $5.72, for a total value of $37,752.00. Following the sale, the vice president directly owned 47,007 shares of the company’s stock, valued at $268,880.04. This trade represents a 12.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Banco Santander Brasil Stock Performance

Shares of NYSE BSBR opened at $5.82 on Friday. The stock’s 50-day simple moving average is $5.46 and its 200-day simple moving average is $5.77. Banco Santander Brasil SA has a fifty-two week low of $4.94 and a fifty-two week high of $7.32. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.29 and a quick ratio of 1.29.

Banco Santander Brasil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Thursday, July 30th were paid a $0.1045 dividend. The ex-dividend date was Thursday, July 30th. This represents a $0.42 dividend on an annualized basis and a yield of 7.2%.

Institutional Trading of Banco Santander Brasil

Several hedge funds have recently made changes to their positions in the company. Mariner LLC increased its stake in shares of Banco Santander Brasil by 1.8% during the fourth quarter. Mariner LLC now owns 97,928 shares of the bank’s stock worth $598,000 after acquiring an additional 1,732 shares during the period. Royal Bank of Canada raised its holdings in Banco Santander Brasil by 41.6% during the first quarter. Royal Bank of Canada now owns 7,136 shares of the bank’s stock worth $43,000 after purchasing an additional 2,098 shares in the last quarter. Invesco Ltd. lifted its position in Banco Santander Brasil by 1.1% in the fourth quarter. Invesco Ltd. now owns 232,826 shares of the bank’s stock valued at $1,423,000 after purchasing an additional 2,631 shares during the period. EverSource Wealth Advisors LLC lifted its position in Banco Santander Brasil by 251.5% in the first quarter. EverSource Wealth Advisors LLC now owns 5,804 shares of the bank’s stock valued at $34,000 after purchasing an additional 4,153 shares during the period. Finally, Engineers Gate Manager LP boosted its holdings in Banco Santander Brasil by 40.9% in the 2nd quarter. Engineers Gate Manager LP now owns 18,910 shares of the bank’s stock valued at $103,000 after purchasing an additional 5,490 shares in the last quarter. Institutional investors and hedge funds own 14.53% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on BSBR shares. Zacks Research cut shares of Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a research note on Friday, July 3rd. UBS Group lowered shares of Banco Santander Brasil from a “buy” rating to a “neutral” rating in a research note on Monday, August 24th. Wall Street Zen downgraded shares of 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 report on Friday, July 31st. Finally, JPMorgan Chase & Co. cut Banco Santander Brasil from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $6.50 to $6.00 in a research report on Thursday, July 30th. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Banco Santander Brasil currently has a consensus rating of “Reduce” and a consensus price target of $6.00.

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.