Robson De Souza Rezende Sells 39,874 Shares of Banco Santander Brasil (NYSE:BSBR) Stock

Banco Santander Brasil SA (NYSE:BSBR) insider Robson De Souza Rezende sold 39,874 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $5.70, for a total value of $227,281.80. Following the completion of the transaction, the insider owned 31,003 shares of the company’s stock, valued at approximately $176,717.10. This trade represents a 56.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Banco Santander Brasil Stock Performance

Shares of Banco Santander Brasil stock 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. The business has a fifty day simple moving average of $5.35 and a two-hundred day simple 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.

Banco Santander Brasil Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on BSBR shares. Weiss Ratings raised shares of Banco Santander Brasil from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Wall Street Zen lowered shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Zacks Research cut Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a research report on Friday, July 3rd. Finally, JPMorgan Chase & Co. downgraded Banco Santander Brasil from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $6.50 to $6.00 in a research note on Thursday, July 30th. Two investment 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 has an average rating of “Reduce” and an average price target of $6.00.

Hedge Funds Weigh In On Banco Santander Brasil

A number of hedge funds have recently bought and sold shares of BSBR. Checchi Capital Advisers LLC lifted its position in Banco Santander Brasil by 10.0% in the 4th quarter. Checchi Capital Advisers LLC now owns 17,463 shares of the bank’s stock valued at $107,000 after acquiring an additional 1,585 shares in the last quarter. Mariner LLC boosted its stake in Banco Santander Brasil by 1.8% during the 4th quarter. Mariner LLC now owns 97,928 shares of the bank’s stock valued at $598,000 after purchasing an additional 1,732 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Banco Santander Brasil by 41.6% in the 1st quarter. Royal Bank of Canada now owns 7,136 shares of the bank’s stock worth $43,000 after purchasing an additional 2,098 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Banco Santander Brasil by 1.1% in 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. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Banco Santander Brasil by 251.5% in the first quarter. EverSource Wealth Advisors LLC now owns 5,804 shares of the bank’s stock worth $34,000 after purchasing an additional 4,153 shares during 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.