Banco Santander Brasil (NYSE:BSBR) Sees Unusually-High Trading Volume – Still a Buy?

Banco Santander Brasil SA (NYSE:BSBR) saw unusually-high trading volume on Tuesday . 2,914,803 shares traded hands during trading, an increase of 60% from the previous session’s volume of 1,819,791 shares.The stock last traded at $5.9650 and had previously closed at $5.96.

Wall Street Analysts Forecast Growth

BSBR has been the subject of several analyst reports. Wall Street Zen lowered 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. JPMorgan Chase & Co. cut Banco Santander Brasil from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $6.50 to $6.00 in a research report on Thursday, July 30th. Zacks Research downgraded Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a research note on Friday, July 3rd. Finally, UBS Group cut Banco Santander Brasil from a “buy” rating to a “neutral” rating in a research report on Monday, August 24th. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Banco Santander Brasil presently has a consensus rating of “Reduce” and a consensus price target of $6.00.

Banco Santander Brasil Price Performance

The company has a debt-to-equity ratio of 3.34, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a 50-day moving average of $5.54 and a 200-day moving average of $5.73.

Banco Santander Brasil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Thursday, July 30th were given a dividend of $0.1045 per share. The ex-dividend date was Thursday, July 30th. This represents a $0.42 annualized dividend and a dividend yield of 7.0%.

Insider Transactions at Banco Santander Brasil

In other Banco Santander Brasil news, insider Robson De Souza Rezende sold 39,874 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $5.70, for a total transaction of $227,281.80. Following the completion of the transaction, the insider owned 31,003 shares of the company’s stock, valued at $176,717.10. This represents a 56.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Roberto Leao acquired 276,851 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were purchased at an average price of $5.38 per share, with a total value of $1,489,458.38. Following the transaction, the chief executive officer owned 536,751 shares of the company’s stock, valued at approximately $2,887,720.38. This represents a 106.52% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have bought 425,330 shares of company stock valued at $2,261,593 and have sold 159,435 shares valued at $911,605. 0.06% of the stock is owned by corporate insiders.

Institutional Trading of Banco Santander Brasil

A number of large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in shares of Banco Santander Brasil by 288.1% during the 4th quarter. Royal Bank of Canada now owns 5,038 shares of the bank’s stock valued at $31,000 after acquiring an additional 3,740 shares during the last quarter. EverSource Wealth Advisors LLC increased 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 worth $34,000 after purchasing an additional 4,153 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Banco Santander Brasil during the fourth quarter valued at $36,000. Cubist Systematic Strategies LLC purchased a new stake in Banco Santander Brasil during the first quarter valued at $46,000. Finally, Squarepoint Ops LLC bought a new position in Banco Santander Brasil during the third quarter valued at $78,000. 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.