Banco Santander Brasil (NYSE:BSBR) Sees Strong Trading Volume – Here’s Why

Shares of Banco Santander Brasil SA (NYSE:BSBR) saw unusually-strong trading volume on Tuesday . Approximately 4,108,507 shares changed hands during trading, an increase of 285% from the previous session’s volume of 1,067,982 shares.The stock last traded at $5.25 and had previously closed at $5.31.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Banco Santander Brasil in a report on Wednesday, June 3rd. Wall Street Zen lowered shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce”.

Banco Santander Brasil Trading Down 1.3%

The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 3.25. The firm’s fifty day moving average is $5.67 and its 200 day moving average is $6.06.

Banco Santander Brasil Announces Dividend

The business also recently disclosed a special dividend, which was paid on Monday, May 18th. Stockholders of record on Thursday, April 23rd were given a dividend of $0.1064 per share. The ex-dividend date of this dividend was Thursday, April 23rd.

Insider Buying and Selling

In related news, CEO Mario Roberto Opice Leao purchased 276,851 shares of the stock in a transaction on Tuesday, June 16th. The shares were purchased at an average cost of $5.38 per share, for a total transaction of $1,489,458.38. Following the completion of the transaction, the chief executive officer directly owned 536,751 shares of the company’s stock, valued at approximately $2,887,720.38. The trade was a 106.52% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Eduardo Alvarez Garrido sold 7,500 shares of Banco Santander Brasil stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $5.43, for a total transaction of $40,725.00. Following the transaction, the insider directly owned 24,701 shares of the company’s stock, valued at $134,126.43. This represents a 23.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders acquired 500,251 shares of company stock valued at $2,651,888 and sold 25,833 shares valued at $148,560. 0.06% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Banco Santander Brasil

A number of hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC acquired a new position in shares of Banco Santander Brasil during the fourth quarter worth approximately $9,772,000. Aquamarine Financial Cayman Ltd raised its holdings in 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 worth $59,697,000 after purchasing an additional 775,000 shares during the last quarter. Alpine Global Management LLC bought a new stake in shares of Banco Santander Brasil during the fourth quarter worth approximately $4,735,000. Arrowstreet Capital Limited Partnership raised its stake in shares of 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 worth $16,531,000 after buying an additional 430,531 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in Banco Santander Brasil by 2,671.0% in the third quarter. Millennium Management LLC now owns 326,451 shares of the bank’s stock valued at $1,825,000 after acquiring an additional 314,670 shares during the last quarter. Institutional investors own 14.53% of the company’s stock.

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.