Insider Selling: Banco Santander Brasil (NYSE:BSBR) Insider Sells $19,057.85 in Stock

Banco Santander Brasil SA (NYSE:BSBR) insider Denis Junior Ferro sold 3,203 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $5.95, for a total value of $19,057.85. Following the completion of the sale, the insider owned 26,803 shares of the company’s stock, valued at $159,477.85. This trade represents a 10.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Banco Santander Brasil Trading Up 0.1%

BSBR stock traded up $0.01 during trading hours on Tuesday, hitting $5.96. 6,046,548 shares of the stock were exchanged, compared to its average volume of 1,847,245. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 3.34. The company has a 50-day simple moving average of $5.54 and a two-hundred day simple moving average of $5.73. Banco Santander Brasil SA has a 12 month low of $4.94 and a 12 month high of $7.32.

Banco Santander Brasil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors 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 annualized dividend and a dividend yield of 7.0%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BSBR. JPMorgan Chase & Co. cut shares of Banco Santander Brasil from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $6.50 to $6.00 in a research note on Thursday, July 30th. UBS Group cut shares of Banco Santander Brasil from a “buy” rating to a “neutral” rating in a report on Monday, August 24th. Zacks Research downgraded shares of Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a research report on Friday, July 3rd. Weiss Ratings upgraded Banco Santander Brasil from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Finally, Wall Street Zen downgraded Banco Santander Brasil from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $6.00.

Institutional Investors Weigh In On Banco Santander Brasil

Several institutional investors and hedge funds have recently bought and sold shares of BSBR. Public Employees Retirement System of Ohio bought a new position in Banco Santander Brasil in the 2nd quarter valued at about $476,000. EverSource Wealth Advisors LLC raised its position in shares of Banco Santander Brasil by 251.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,804 shares of the bank’s stock valued at $34,000 after buying an additional 4,153 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Banco Santander Brasil by 41.6% during the 1st quarter. Royal Bank of Canada now owns 7,136 shares of the bank’s stock worth $43,000 after acquiring an additional 2,098 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Banco Santander Brasil by 43.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 221,909 shares of the bank’s stock worth $1,316,000 after acquiring an additional 67,224 shares in the last quarter. Finally, SPX Gestao de Recursos Ltda boosted its position in shares of Banco Santander Brasil by 58.9% during the 1st quarter. SPX Gestao de Recursos Ltda now owns 86,883 shares of the bank’s stock worth $515,000 after acquiring an additional 32,189 shares in the last quarter. Institutional investors 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.