Banco Santander Brasil (NYSE:BSBR) Sees Unusually-High Trading Volume – What’s Next?

Shares of Banco Santander Brasil SA (NYSE:BSBR) saw strong trading volume on Tuesday . Approximately 2,706,422 shares changed hands during mid-day trading, an increase of 138% from the previous session’s volume of 1,136,064 shares.The stock last traded at $5.1950 and had previously closed at $5.29.

Analyst Ratings Changes

BSBR has been the subject of several recent research reports. Zacks Research downgraded Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a report on Friday. Weiss Ratings downgraded shares of Banco Santander Brasil from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 29th. Wall Street Zen upgraded shares of Banco Santander Brasil from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, JPMorgan Chase & Co. lowered their target price on shares of Banco Santander Brasil from $7.00 to $6.50 and set an “overweight” rating for the company in a report on Tuesday. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $6.50.

Banco Santander Brasil Price Performance

The stock has a 50-day moving average of $5.46 and a 200 day moving average of $6.00. 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 Announces Dividend

The company also recently declared a special dividend, which was paid on Monday, May 18th. Stockholders of record on Thursday, April 23rd were given a dividend of $0.1064 per share. The ex-dividend date of this dividend was Thursday, April 23rd.

Insider Transactions at Banco Santander Brasil

In other Banco Santander Brasil news, CEO Mario Roberto Opice Leao bought 276,851 shares of the stock in a transaction on Tuesday, June 16th. The shares were acquired at an average price 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. The trade was a 106.52% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eduardo Alvarez Garrido sold 7,500 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $5.43, for a total value of $40,725.00. Following the sale, the insider owned 24,701 shares in the company, valued at approximately $134,126.43. This represents a 23.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have acquired 500,251 shares of company stock valued at $2,651,888 in the last quarter. Company insiders own 0.06% of the company’s stock.

Institutional Trading of Banco Santander Brasil

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada lifted its holdings in 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 purchasing an additional 3,740 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Banco Santander Brasil by 251.5% during the 1st 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 in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Banco Santander Brasil during the fourth quarter valued at about $36,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Banco Santander Brasil in the first quarter worth about $46,000. Finally, Tuttle Capital Management LLC bought a new position in shares of Banco Santander Brasil in the fourth quarter valued at approximately $66,000. 14.53% of the stock is currently owned by institutional investors.

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.