Banco Santander Brasil (NYSE:BSBR) Insider Celso Mateus De Queiroz Sells 29,299 Shares of Stock

Banco Santander Brasil SA (NYSE:BSBR) insider Celso Mateus De Queiroz sold 29,299 shares of the stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $5.78, for a total value of $169,348.22. Following the completion of the sale, the insider directly owned 23,838 shares of the company’s stock, valued at $137,783.64. The trade was a 55.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Banco Santander Brasil Stock Performance

BSBR traded down $0.01 during mid-day trading on Tuesday, reaching $5.75. 8,786,125 shares of the stock were exchanged, compared to its average volume of 1,472,596. Banco Santander Brasil SA has a 1 year low of $4.74 and a 1 year high of $7.32. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.29 and a quick ratio of 1.29. The company has a 50 day moving average price of $5.36 and a two-hundred day moving average price of $5.86.

Banco Santander Brasil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Thursday, July 30th will be issued a dividend of $0.1045 per share. The ex-dividend date is Thursday, July 30th. This represents a $0.42 annualized dividend and a yield of 7.3%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Banco Santander Brasil

Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada increased its position in Banco Santander Brasil by 288.1% in the fourth quarter. Royal Bank of Canada now owns 5,038 shares of the bank’s stock worth $31,000 after buying an additional 3,740 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake 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 valued at $34,000 after acquiring an additional 4,153 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Banco Santander Brasil during the fourth quarter valued at about $36,000. Cubist Systematic Strategies LLC bought a new position in Banco Santander Brasil during the first quarter worth about $46,000. Finally, Squarepoint Ops LLC bought a new position in Banco Santander Brasil during the third quarter worth about $78,000. 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.