Mariana Cahen Margulies Sells 42,545 Shares of Banco Santander Brasil (NYSE:BSBR) Stock

Banco Santander Brasil SA (NYSE:BSBR) insider Mariana Cahen Margulies sold 42,545 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $5.70, for a total transaction of $242,506.50. Following the completion of the sale, the insider directly owned 40,275 shares in the company, valued at approximately $229,567.50. The trade was a 51.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Banco Santander Brasil Stock Up 0.3%

BSBR stock opened at $5.80 on Friday. The firm has a 50 day moving average of $5.35 and a 200-day moving average of $5.88. Banco Santander Brasil SA has a 12 month low of $4.74 and a 12 month high of $7.32. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.29 and a current ratio of 1.29.

Banco Santander Brasil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Thursday, July 30th will be given a dividend of $0.1045 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date is Thursday, July 30th.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on BSBR shares. Zacks Research lowered Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a research note on Friday, July 3rd. Weiss Ratings upgraded Banco Santander Brasil from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. JPMorgan Chase & Co. lowered Banco Santander Brasil from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $6.50 to $6.00 in a report on Thursday, July 30th. Finally, 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. Two research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $6.00.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC purchased a new stake in Banco Santander Brasil during the first quarter valued at about $46,000. Invesco Ltd. boosted its holdings in shares of Banco Santander Brasil by 9.7% in the 2nd quarter. Invesco Ltd. now owns 206,851 shares of the bank’s stock worth $1,127,000 after purchasing an additional 18,307 shares in the last quarter. Bank of America Corp DE increased its position in shares of Banco Santander Brasil by 50.5% during the 2nd quarter. Bank of America Corp DE now owns 291,643 shares of the bank’s stock valued at $1,589,000 after purchasing an additional 97,875 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Banco Santander Brasil by 3,302.2% during the 2nd quarter. BNP Paribas Financial Markets now owns 57,974 shares of the bank’s stock valued at $316,000 after purchasing an additional 56,270 shares during the last quarter. Finally, Engineers Gate Manager LP raised its holdings in shares of Banco Santander Brasil by 40.9% during the 2nd quarter. Engineers Gate Manager LP now owns 18,910 shares of the bank’s stock valued at $103,000 after buying an additional 5,490 shares in the last quarter. 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.