Banco Santander Brasil (NYSE:BSBR) Insider Sells 20,000 Shares of Company Stock

Banco Santander Brasil SA (NYSE:BSBR) insider Leonardo Mendes Cabral sold 20,000 shares of the stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $5.68, for a total value of $113,600.00. Following the sale, the insider owned 112,571 shares in the company, valued at $639,403.28. The trade was a 15.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Banco Santander Brasil Stock Down 0.8%

Shares of Banco Santander Brasil stock traded down $0.04 during trading on Monday, reaching $5.71. The company’s stock had a trading volume of 4,932,286 shares, compared to its average volume of 1,933,110. The stock has a 50-day moving average price of $5.72 and a two-hundred day moving average price of $5.66. The company has a debt-to-equity ratio of 3.34, a quick ratio of 1.56 and a current ratio of 1.56. Banco Santander Brasil SA has a one year low of $4.94 and a one year high of $7.32.

Banco Santander Brasil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Thursday, July 30th were given a $0.1045 dividend. This represents a $0.42 annualized dividend and a yield of 7.3%. The ex-dividend date was Thursday, July 30th.

Institutional Trading of Banco Santander Brasil

Several institutional investors and hedge funds have recently added to or reduced their stakes in BSBR. QRG Capital Management Inc. bought a new position in shares of Banco Santander Brasil in the 2nd quarter valued at about $57,000. Engineers Gate Manager LP raised its stake in shares of Banco Santander Brasil by 765.6% during the second quarter. Engineers Gate Manager LP now owns 139,178 shares of the bank’s stock worth $731,000 after buying an additional 123,100 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Banco Santander Brasil during the second quarter worth approximately $476,000. EverSource Wealth Advisors LLC lifted its holdings 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 valued at $34,000 after buying an additional 4,153 shares during the period. Finally, Royal Bank of Canada boosted its stake in Banco Santander Brasil by 41.6% in 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 last quarter. 14.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BSBR has been the topic of a number of research reports. HSBC reiterated a “hold” rating and set a $6.20 target price (down from $7.20) on shares of Banco Santander Brasil in a research report on Tuesday, September 15th. Zacks Research lowered shares of Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a report on Friday, July 3rd. Wall Street Zen cut shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. JPMorgan Chase & Co. downgraded Banco Santander Brasil from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $6.50 to $6.00 in a report on Thursday, July 30th. Finally, UBS Group lowered Banco Santander Brasil from a “buy” rating to a “neutral” rating in a research report on Monday, August 24th. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $6.10.

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 company provides banking and financial services to individual customers, small and midsize businesses, corporations and institutional clients throughout Brazil.

Its offerings include checking and savings accounts, consumer and commercial lending, credit and debit cards, mortgages, insurance, investments, asset management, payment solutions and foreign-exchange services.