Banco Santander Brasil (NYSE:BSBR) Insider Rafael Abujamra Kappaz Sells 31,285 Shares of Stock

Banco Santander Brasil SA (NYSE:BSBR) insider Rafael Abujamra Kappaz sold 31,285 shares of the stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $5.76, for a total value of $180,201.60. Following the completion of the transaction, the insider owned 35,049 shares in the company, valued at approximately $201,882.24. This represents a 47.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Banco Santander Brasil Stock Performance

NYSE BSBR opened at $5.53 on Friday. The company has a fifty day simple moving average of $6.46 and a 200 day simple moving average of $6.03. The company has a debt-to-equity ratio of 3.15, a current ratio of 1.62 and a quick ratio of 1.62. Banco Santander Brasil SA has a 12-month low of $4.26 and a 12-month high of $7.32.

Banco Santander Brasil Dividend Announcement

The firm also recently announced a special dividend, which was paid on Wednesday, February 18th. Investors of record on Thursday, January 22nd were issued a $0.1001 dividend. The ex-dividend date was Thursday, January 22nd.

Wall Street Analysts Forecast Growth

BSBR has been the subject of a number of analyst reports. Wall Street Zen upgraded Banco Santander Brasil from a “hold” rating to a “buy” rating in a research note on Thursday. Weiss Ratings lowered Banco Santander Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 6th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Banco Santander Brasil has a consensus rating of “Hold”.

Hedge Funds Weigh In On Banco Santander Brasil

Institutional investors have recently bought and sold shares of the company. Checchi Capital Advisers LLC grew its holdings in Banco Santander Brasil by 10.0% during the fourth quarter. Checchi Capital Advisers LLC now owns 17,463 shares of the bank’s stock valued at $107,000 after purchasing an additional 1,585 shares during the period. Mariner LLC raised its stake in shares of Banco Santander Brasil by 1.8% in the fourth quarter. Mariner LLC now owns 97,928 shares of the bank’s stock valued at $598,000 after buying an additional 1,732 shares during the period. GAMMA Investing LLC lifted its position in shares of Banco Santander Brasil by 10.7% during the 4th quarter. GAMMA Investing LLC now owns 24,316 shares of the bank’s stock valued at $149,000 after buying an additional 2,350 shares during the last quarter. Invesco Ltd. lifted its position in shares of Banco Santander Brasil by 1.1% during the 4th quarter. Invesco Ltd. now owns 232,826 shares of the bank’s stock valued at $1,423,000 after buying an additional 2,631 shares during the last quarter. Finally, Royal Bank of Canada grew its stake 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 worth $31,000 after acquiring an additional 3,740 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 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.