Banco Santander Brasil (NYSE:BSBR) Insider Sells $227,281.80 in Stock

Banco Santander Brasil SA (NYSE:BSBR) insider Robson De Souza Rezende sold 39,874 shares of Banco Santander Brasil stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $5.70, for a total transaction of $227,281.80. Following the completion of the transaction, the insider directly owned 31,003 shares in the company, valued at approximately $176,717.10. The trade was a 56.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Banco Santander Brasil Stock Up 0.3%

NYSE BSBR opened at $5.80 on Friday. The business’s 50-day moving average is $5.35 and its 200 day moving average is $5.88. 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 SA has a 1 year low of $4.74 and a 1 year high of $7.32.

Banco Santander Brasil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Thursday, July 30th will be paid a $0.1045 dividend. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $0.42 dividend on an annualized basis and a yield of 7.2%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Banco Santander Brasil

Several hedge funds have recently bought and sold shares of BSBR. EverSource Wealth Advisors LLC boosted 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 worth $34,000 after purchasing an additional 4,153 shares in the last quarter. Royal Bank of Canada raised its stake 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 valued at $43,000 after buying an additional 2,098 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Banco Santander Brasil by 9.4% in the first quarter. Public Employees Retirement System of Ohio now owns 81,609 shares of the bank’s stock worth $484,000 after acquiring an additional 6,982 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Banco Santander Brasil by 43.5% in the first 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 increased its holdings 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 acquiring an additional 32,189 shares in 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.