Banco Santander Brasil (NYSE:BSBR) Insider Eduardo Alvarez Garrido Sells 7,500 Shares of Stock

Banco Santander Brasil SA (NYSE:BSBR) insider Eduardo Alvarez Garrido sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $5.43, for a total transaction of $40,725.00. Following the completion of the transaction, the insider directly owned 24,701 shares in the company, valued at $134,126.43. This represents a 23.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Eduardo Alvarez Garrido also recently made the following trade(s):

• On Thursday, March 26th, Eduardo Alvarez Garrido sold 16,500 shares of Banco Santander Brasil stock. The stock was sold at an average price of $5.95, for a total transaction of $98,175.00.

Banco Santander Brasil Stock Performance

BSBR stock opened at $5.41 on Friday. Banco Santander Brasil SA has a 12 month low of $4.62 and a 12 month high of $7.32. The firm’s 50-day moving average is $5.88 and its 200 day moving average is $6.18. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 3.25.

Banco Santander Brasil Dividend Announcement

The firm also recently announced a special dividend, which was paid on Monday, May 18th. Shareholders 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.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Aquamarine Financial Cayman Ltd increased its position in Banco Santander Brasil by 8.6% during the 4th quarter. Aquamarine Financial Cayman Ltd now owns 9,770,322 shares of the bank’s stock valued at $59,697,000 after purchasing an additional 775,000 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Banco Santander Brasil by 17.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,957,288 shares of the bank’s stock valued at $16,531,000 after purchasing an additional 430,531 shares during the period. Empowered Funds LLC bought a new stake in shares of Banco Santander Brasil in the 4th quarter valued at about $9,772,000. Alpine Global Management LLC bought a new stake in shares of Banco Santander Brasil in the 4th quarter valued at about $4,735,000. Finally, Alliancebernstein L.P. boosted its holdings in shares of Banco Santander Brasil by 99.6% in the 3rd quarter. Alliancebernstein L.P. now owns 327,261 shares of the bank’s stock valued at $1,829,000 after buying an additional 163,314 shares in the last quarter. Hedge funds and other institutional investors own 14.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on BSBR shares. Wall Street Zen downgraded shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings downgraded shares of Banco Santander Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 6th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

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.