Banco Santander Brasil (NYSE:BSBR) Insider Celso Mateus De Queiroz Sells 29,299 Shares

Banco Santander Brasil SA (NYSE:BSBR) insider Celso Mateus De Queiroz sold 29,299 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $5.78, for a total value of $169,348.22. Following the transaction, the insider owned 23,838 shares in the company, valued at $137,783.64. This represents a 55.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Banco Santander Brasil Price Performance

Banco Santander Brasil stock opened at $5.75 on Wednesday. Banco Santander Brasil SA has a 12 month low of $4.74 and a 12 month high of $7.32. The business has a 50 day simple moving average of $5.36 and a 200-day simple moving average of $5.86. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.29 and a current ratio of 1.29.

Banco Santander Brasil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Thursday, July 30th will be issued a $0.1045 dividend. This represents a $0.42 annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend is Thursday, July 30th.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its holdings in Banco Santander Brasil by 251.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,804 shares of the bank’s stock valued at $34,000 after purchasing an additional 4,153 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Banco Santander Brasil by 41.6% during the first quarter. Royal Bank of Canada now owns 7,136 shares of the bank’s stock worth $43,000 after buying an additional 2,098 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Banco Santander Brasil by 9.4% during the first quarter. Public Employees Retirement System of Ohio now owns 81,609 shares of the bank’s stock worth $484,000 after buying an additional 6,982 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Banco Santander Brasil by 43.5% in the first quarter. Dimensional Fund Advisors LP now owns 221,909 shares of the bank’s stock valued at $1,316,000 after buying an additional 67,224 shares during the last quarter. Finally, SPX Gestao de Recursos Ltda raised its position in shares of Banco Santander Brasil by 58.9% in the first quarter. SPX Gestao de Recursos Ltda now owns 86,883 shares of the bank’s stock valued at $515,000 after buying an additional 32,189 shares during the last quarter. 14.53% of the stock is owned by institutional investors and hedge funds.

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.