Banco Santander Brasil (NYSE:BSBR) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of Banco Santander Brasil (NYSE:BSBR) from a buy rating to a hold rating in a research note published on Saturday.

Separately, Weiss Ratings cut shares of Banco Santander Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 6th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Banco Santander Brasil presently has a consensus rating of “Hold”.

Banco Santander Brasil Stock Down 2.1%

BSBR opened at $5.34 on Friday. The company has a 50 day moving average of $5.94 and a two-hundred day moving average of $6.19. Banco Santander Brasil has a 52-week low of $4.62 and a 52-week high of $7.32. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 3.25.

Banco Santander Brasil Announces Dividend

The company also recently declared a special dividend, which will be paid on Monday, May 18th. Stockholders of record on Thursday, April 23rd will be given a dividend of $0.1064 per share. The ex-dividend date is Thursday, April 23rd.

Insider Buying and Selling at Banco Santander Brasil

In other news, insider Jean Paulo Kambourakis sold 36,721 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $5.89, for a total transaction of $216,286.69. Following the completion of the transaction, the insider owned 31,623 shares in the company, valued at approximately $186,259.47. This represents a 53.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alexandre Guimaraes Soares sold 35,443 shares of the company’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $5.92, for a total transaction of $209,822.56. Following the transaction, the insider owned 29,286 shares of the company’s stock, valued at $173,373.12. This represents a 54.76% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 207,105 shares of company stock valued at $1,215,422. Corporate insiders own 0.06% of the company’s stock.

Hedge Funds Weigh In On Banco Santander Brasil

Several institutional investors have recently modified their holdings of the company. Checchi Capital Advisers LLC grew its position 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 worth $107,000 after acquiring an additional 1,585 shares during the last quarter. Mariner LLC grew its position in shares of Banco Santander Brasil by 1.8% during the fourth quarter. Mariner LLC now owns 97,928 shares of the bank’s stock worth $598,000 after acquiring an additional 1,732 shares during the last quarter. GAMMA Investing LLC grew its position in Banco Santander Brasil by 10.7% in the 4th quarter. GAMMA Investing LLC now owns 24,316 shares of the bank’s stock valued at $149,000 after buying an additional 2,350 shares in the last quarter. Invesco Ltd. grew its position in Banco Santander Brasil by 1.1% in the 4th quarter. Invesco Ltd. now owns 232,826 shares of the bank’s stock valued at $1,423,000 after buying an additional 2,631 shares in the last quarter. Finally, Royal Bank of Canada grew its position in Banco Santander Brasil by 288.1% in the 4th quarter. Royal Bank of Canada now owns 5,038 shares of the bank’s stock valued at $31,000 after buying an additional 3,740 shares in 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.