Banco Santander Brasil (NYSE:BSBR) Sees Large Volume Increase – Here’s What Happened

Banco Santander Brasil SA (NYSE:BSBR) shares saw an uptick in trading volume on Tuesday . Approximately 4,108,507 shares changed hands during trading, an increase of 285% from the previous session’s volume of 1,067,982 shares.The stock last traded at $5.25 and had previously closed at $5.31.

Analyst Upgrades and Downgrades

BSBR has been the subject of a number of research analyst reports. Wall Street Zen downgraded Banco Santander Brasil from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings restated a “hold (c+)” rating on shares of Banco Santander Brasil in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Banco Santander Brasil presently has a consensus rating of “Reduce”.

Banco Santander Brasil Price Performance

The company has a debt-to-equity ratio of 3.25, a current ratio of 1.29 and a quick ratio of 1.29. The company has a 50 day moving average price of $5.62 and a 200 day moving average price of $6.04.

Banco Santander Brasil Announces Dividend

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

Insider Buying and Selling

In other news, insider Eduardo Alvarez Garrido sold 7,500 shares of the business’s stock in a transaction that occurred on 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 sale, the insider owned 24,701 shares in the company, valued at $134,126.43. The trade was a 23.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Mario Roberto Opice Leao bought 276,851 shares of the stock in a transaction dated Tuesday, June 16th. The shares were purchased at an average cost of $5.38 per share, for a total transaction of $1,489,458.38. Following the completion of the transaction, the chief executive officer directly owned 536,751 shares of the company’s stock, valued at $2,887,720.38. This trade represents a 106.52% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 500,251 shares of company stock valued at $2,651,888 in the last three months. Insiders own 0.06% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Checchi Capital Advisers LLC grew its holdings in shares of Banco Santander Brasil by 10.0% during the fourth quarter. Checchi Capital Advisers LLC now owns 17,463 shares of the bank’s stock valued at $107,000 after buying an additional 1,585 shares during the last quarter. Mariner LLC lifted its position in Banco Santander Brasil by 1.8% in the 4th quarter. Mariner LLC now owns 97,928 shares of the bank’s stock valued at $598,000 after acquiring an additional 1,732 shares in the last quarter. Royal Bank of Canada boosted 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 purchasing an additional 2,098 shares during the last quarter. GAMMA Investing LLC increased its holdings in Banco Santander Brasil by 10.7% during the 4th quarter. GAMMA Investing LLC now owns 24,316 shares of the bank’s stock worth $149,000 after purchasing an additional 2,350 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Banco Santander Brasil by 1.1% during the 4th quarter. Invesco Ltd. now owns 232,826 shares of the bank’s stock worth $1,423,000 after purchasing an additional 2,631 shares in the last quarter. 14.53% of the stock is 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.