Banco Santander Brasil (NYSE:BSBR) Insider Denis Junior Ferro Sells 3,203 Shares of Stock

Banco Santander Brasil SA (NYSE:BSBR) insider Denis Junior Ferro sold 3,203 shares of Banco Santander Brasil stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $5.95, for a total value of $19,057.85. Following the completion of the transaction, the insider directly owned 26,803 shares in the company, valued at $159,477.85. This represents a 10.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Banco Santander Brasil Stock Up 0.1%

BSBR stock opened at $5.96 on Wednesday. Banco Santander Brasil SA has a one year low of $4.94 and a one year high of $7.32. The firm has a 50-day moving average of $5.56 and a two-hundred day moving average of $5.72. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 3.34.

Banco Santander Brasil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Thursday, July 30th were paid a $0.1045 dividend. The ex-dividend date of this dividend was Thursday, July 30th. This represents a $0.42 dividend on an annualized basis and a yield of 7.0%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Mariner LLC boosted its position in shares of 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 acquiring an additional 1,732 shares in the last quarter. Royal Bank of Canada raised 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 buying an additional 2,098 shares in the last quarter. Invesco Ltd. raised 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 buying an additional 2,631 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Banco Santander Brasil by 251.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,804 shares of the bank’s stock worth $34,000 after buying an additional 4,153 shares during the period. Finally, Engineers Gate Manager LP boosted its stake in Banco Santander Brasil by 40.9% in the 2nd quarter. Engineers Gate Manager LP now owns 18,910 shares of the bank’s stock valued at $103,000 after buying an additional 5,490 shares in the last quarter. Institutional investors and hedge funds own 14.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BSBR shares. JPMorgan Chase & Co. downgraded shares of Banco Santander Brasil from an “overweight” rating to a “neutral” rating and cut their target price for the company from $6.50 to $6.00 in a research note on Thursday, July 30th. Weiss Ratings raised Banco Santander Brasil from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Wall Street Zen lowered shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. UBS Group lowered Banco Santander Brasil from a “buy” rating to a “neutral” rating in a report on Monday, August 24th. Finally, Zacks Research lowered shares of Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a research report on Friday, July 3rd. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Banco Santander Brasil currently has a consensus rating of “Reduce” and a consensus price target 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.