Insider Selling: Banco Santander Brasil (NYSE:BSBR) VP Sells $289,500.00 in Stock

Banco Santander Brasil SA (NYSE:BSBR) VP Edmilson Saes sold 50,000 shares of the firm’s stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $5.79, for a total value of $289,500.00. Following the completion of the transaction, the vice president owned 300,203 shares in the company, valued at approximately $1,738,175.37. This trade represents a 14.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Banco Santander Brasil Stock Performance

Banco Santander Brasil stock opened at $5.57 on Thursday. Banco Santander Brasil SA has a one year low of $4.94 and a one year high of $7.32. The stock has a fifty day moving average of $5.73 and a 200 day moving average of $5.65. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 3.34.

Banco Santander Brasil Announces Dividend

The firm 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 of this dividend was Thursday, July 30th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 7.5%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Weiss Ratings raised Banco Santander Brasil from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. HSBC reaffirmed a “hold” rating and set a $6.20 price objective (down from $7.20) on shares of Banco Santander Brasil in a research report on Tuesday, September 15th. JPMorgan Chase & Co. lowered shares of Banco Santander Brasil from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $6.50 to $6.00 in a report on Thursday, July 30th. Zacks Research cut shares of Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a research note on Friday, July 3rd. Finally, Wall Street Zen downgraded shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $6.10.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. QRG Capital Management Inc. bought a new position in Banco Santander Brasil during the second quarter valued at $57,000. Engineers Gate Manager LP boosted its stake in shares of Banco Santander Brasil by 765.6% during the 2nd quarter. Engineers Gate Manager LP now owns 139,178 shares of the bank’s stock worth $731,000 after purchasing an additional 123,100 shares during the period. Public Employees Retirement System of Ohio bought a new position in Banco Santander Brasil during the 2nd quarter valued at about $476,000. EverSource Wealth Advisors LLC raised its position in 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 during the period. Finally, Royal Bank of Canada raised its position in Banco Santander Brasil by 41.6% in the 1st 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 period. Hedge funds and other institutional investors own 14.53% of the company’s stock.

Banco Santander Brasil Company Profile

Banco Santander (Brasil) SA is a Brazilian financial institution and a subsidiary of Spain-based Banco Santander. Headquartered in São Paulo, the bank serves individuals, small and midsize businesses, corporations, and institutional clients throughout Brazil.

The company provides retail and commercial banking services, including checking and savings accounts, consumer and business lending, credit and debit cards, mortgages, payment solutions, and digital banking. Its broader platform also includes corporate and investment banking, private banking, asset management, insurance, and other financial services.

Santander Brasil’s operations were built in part through the expansion of Banco Santander in Brazil and the acquisition of Banco do Estado de São Paulo (Banespa) in 2000.