Banco Santander Brasil (NYSE:BSBR) VP Sells $37,752.00 in Stock

Banco Santander Brasil SA (NYSE:BSBR) VP Cezar Augusto Janikian sold 6,600 shares of Banco Santander Brasil stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $5.72, for a total value of $37,752.00. Following the transaction, the vice president owned 47,007 shares of the company’s stock, valued at $268,880.04. The trade was a 12.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Banco Santander Brasil Trading Up 1.6%

Shares of NYSE BSBR traded up $0.09 during trading on Friday, reaching $5.82. The company had a trading volume of 2,009,083 shares, compared to its average volume of 1,692,859. Banco Santander Brasil SA has a 12-month low of $4.94 and a 12-month 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 business’s 50-day moving average is $5.45 and its 200 day moving average is $5.77.

Banco Santander Brasil Dividend Announcement

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

Institutional Trading of Banco Santander Brasil

A number of institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new stake in shares of Banco Santander Brasil in the second quarter worth approximately $476,000. EverSource Wealth Advisors LLC lifted its position in Banco Santander Brasil by 251.5% during 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. Royal Bank of Canada boosted its holdings in Banco Santander Brasil by 41.6% in 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 during 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 purchasing an additional 67,224 shares during the last quarter. Finally, SPX Gestao de Recursos Ltda grew its position in Banco Santander Brasil by 58.9% in the 1st quarter. SPX Gestao de Recursos Ltda now owns 86,883 shares of the bank’s stock worth $515,000 after purchasing an additional 32,189 shares during the period. Hedge funds and other institutional investors own 14.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on BSBR shares. Weiss Ratings raised shares of Banco Santander Brasil from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. UBS Group cut shares of Banco Santander Brasil from a “buy” rating to a “neutral” rating in a report on Monday. 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. JPMorgan Chase & Co. lowered shares of Banco Santander Brasil from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $6.50 to $6.00 in a report on Thursday, July 30th. Finally, Wall Street Zen cut Banco Santander Brasil from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $6.00.

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.