Gustavo De Sousa Santos Sells 29,200 Shares of Banco Santander Brasil (NYSE:BSBR) Stock

Banco Santander Brasil SA (NYSE:BSBR) insider Gustavo De Sousa Santos sold 29,200 shares of Banco Santander Brasil stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $5.70, for a total transaction of $166,440.00. Following the sale, the insider owned 53,023 shares in the company, valued at $302,231.10. This represents a 35.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Banco Santander Brasil Stock Up 0.3%

Shares of BSBR opened at $5.80 on Friday. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.29 and a quick ratio of 1.29. Banco Santander Brasil SA has a 1-year low of $4.74 and a 1-year high of $7.32. The firm has a fifty day moving average price of $5.35 and a 200 day moving average price of $5.88.

Banco Santander Brasil Dividend Announcement

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

Institutional Investors Weigh In On Banco Santander Brasil

Institutional investors and hedge funds have recently made changes to their positions in the business. Aquamarine Financial Cayman Ltd grew its holdings in shares of Banco Santander Brasil by 8.6% during the fourth quarter. Aquamarine Financial Cayman Ltd now owns 9,770,322 shares of the bank’s stock worth $59,697,000 after buying an additional 775,000 shares during the last quarter. Alpine Global Management LLC acquired a new position in Banco Santander Brasil in the 4th quarter valued at about $4,735,000. Royal Bank of Canada raised its stake in Banco Santander Brasil by 41.6% during the 1st 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. Public Employees Retirement System of Ohio raised its stake in Banco Santander Brasil by 9.4% during the 1st quarter. Public Employees Retirement System of Ohio now owns 81,609 shares of the bank’s stock valued at $484,000 after acquiring an additional 6,982 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Banco Santander Brasil by 43.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 221,909 shares of the bank’s stock worth $1,316,000 after acquiring an additional 67,224 shares during the period. 14.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BSBR has been the topic of a number of research reports. Zacks Research downgraded Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a research note on Friday, July 3rd. Wall Street Zen cut Banco Santander Brasil from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. JPMorgan Chase & Co. downgraded Banco Santander Brasil from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $6.50 to $6.00 in a report on Thursday, July 30th. Finally, Weiss Ratings upgraded shares of Banco Santander Brasil from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $6.00.

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.