Banco Santander Brasil SA (NYSE:BSBR) Given Consensus Rating of “Reduce” by Analysts

Banco Santander Brasil SA (NYSE:BSBR) has earned a consensus rating of “Reduce” from the five brokerages that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $6.00.

Several equities research analysts have recently commented on the stock. Weiss Ratings raised shares of Banco Santander Brasil from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Wall Street Zen downgraded shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. UBS Group lowered shares of Banco Santander Brasil from a “buy” rating to a “neutral” rating in a research report on Monday, August 24th. Zacks Research cut shares of Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a report on Friday, July 3rd. Finally, JPMorgan Chase & Co. downgraded shares of Banco Santander Brasil from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $6.50 to $6.00 in a research report on Thursday, July 30th.

Banco Santander Brasil Stock Performance

Banco Santander Brasil stock opened at $5.82 on Monday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 3.25. Banco Santander Brasil 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 $5.46 and a 200 day moving average of $5.76.

Banco Santander Brasil Dividend Announcement

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

Insider Buying and Selling

In related news, insider Celso Mateus De Queiroz sold 29,299 shares of Banco Santander Brasil stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $5.78, for a total transaction of $169,348.22. Following the transaction, the insider directly owned 23,838 shares in the company, valued at approximately $137,783.64. The trade was a 55.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mario Roberto Opice Leao purchased 276,851 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were bought at an average cost of $5.38 per share, with a total value of $1,489,458.38. Following the acquisition, the chief executive officer directly owned 536,751 shares of the company’s stock, valued at $2,887,720.38. This trade represents a 106.52% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders purchased 500,251 shares of company stock worth $2,651,888 and sold 161,268 shares worth $921,265. 0.06% of the stock is owned by company insiders.

Institutional Investors Weigh In On Banco Santander Brasil

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mariner LLC boosted its holdings in Banco Santander Brasil by 1.8% in the 4th quarter. Mariner LLC now owns 97,928 shares of the bank’s stock worth $598,000 after buying an additional 1,732 shares during the period. Royal Bank of Canada raised its holdings in Banco Santander Brasil by 41.6% during the first quarter. Royal Bank of Canada now owns 7,136 shares of the bank’s stock valued at $43,000 after acquiring an additional 2,098 shares during the period. Invesco Ltd. raised its holdings in Banco Santander Brasil by 1.1% during the fourth quarter. Invesco Ltd. now owns 232,826 shares of the bank’s stock valued at $1,423,000 after acquiring an additional 2,631 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Banco Santander Brasil by 251.5% in the first 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 in the last quarter. Finally, Engineers Gate Manager LP boosted its stake in shares of Banco Santander Brasil by 40.9% in the second quarter. Engineers Gate Manager LP now owns 18,910 shares of the bank’s stock worth $103,000 after acquiring an additional 5,490 shares during the period. 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.