Rudolf Gschliffner Sells 11,507 Shares of Banco Santander Brasil (NYSE:BSBR) Stock

Banco Santander Brasil SA (NYSE:BSBR) insider Rudolf Gschliffner sold 11,507 shares of Banco Santander Brasil stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $5.73, for a total value of $65,935.11. Following the completion of the sale, the insider directly owned 33,192 shares in the company, valued at approximately $190,190.16. This represents a 25.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Banco Santander Brasil Trading Up 1.6%

NYSE BSBR opened at $5.82 on Friday. 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 SA has a 52 week low of $4.94 and a 52 week high of $7.32. The stock’s 50 day moving average price is $5.46 and its two-hundred day moving average price is $5.77.

Banco Santander Brasil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Thursday, July 30th were given 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 7.2%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Banco Santander Brasil

A number of institutional investors and hedge funds have recently modified their holdings of BSBR. Royal Bank of Canada grew its holdings in Banco Santander Brasil by 288.1% during the fourth quarter. Royal Bank of Canada now owns 5,038 shares of the bank’s stock worth $31,000 after purchasing an additional 3,740 shares during the period. EverSource Wealth Advisors LLC raised its stake in Banco Santander Brasil by 251.5% in the first quarter. EverSource Wealth Advisors LLC now owns 5,804 shares of the bank’s stock valued at $34,000 after buying an additional 4,153 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in Banco Santander Brasil in the fourth quarter valued at approximately $36,000. Cubist Systematic Strategies LLC bought a new stake in Banco Santander Brasil in the first quarter valued at approximately $46,000. Finally, Squarepoint Ops LLC acquired a new stake in Banco Santander Brasil during the 3rd quarter valued at $78,000. 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.