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 Banco Santander Brasil stock in a transaction that occurred on Tuesday, August 4th. The shares were 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. The trade was a 56.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Banco Santander Brasil Stock Performance

Shares of Banco Santander Brasil stock traded up $0.01 on Thursday, reaching $5.79. 2,121,644 shares of the company were exchanged, compared to its average volume of 1,362,379. Banco Santander Brasil SA has a 1-year low of $4.74 and a 1-year high of $7.32. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 3.25. The company’s 50-day moving average is $5.33 and its two-hundred day moving average is $5.88.

Banco Santander Brasil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Thursday, July 30th will be paid a dividend of $0.1045 per share. This represents a $0.42 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend is Thursday, July 30th.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BSBR. JPMorgan Chase & Co. lowered Banco Santander Brasil from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $6.50 to $6.00 in a report on Thursday, July 30th. Wall Street Zen lowered Banco Santander Brasil from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. 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. Finally, Zacks Research cut shares of Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a research note on Friday, July 3rd. Two investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Banco Santander Brasil presently has a consensus rating of “Reduce” and an average target price of $6.00.

Hedge Funds Weigh In On Banco Santander Brasil

Hedge funds have recently modified their holdings of the stock. Empowered Funds LLC purchased a new stake in shares of Banco Santander Brasil during the fourth quarter valued at $9,772,000. Alpine Global Management LLC purchased a new stake in Banco Santander Brasil during the fourth quarter valued at about $4,735,000. Aquamarine Financial Cayman Ltd boosted its holdings in shares of Banco Santander Brasil by 8.6% in the fourth quarter. Aquamarine Financial Cayman Ltd now owns 9,770,322 shares of the bank’s stock worth $59,697,000 after buying an additional 775,000 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Banco Santander Brasil by 17.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,957,288 shares of the bank’s stock worth $16,531,000 after acquiring an additional 430,531 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Banco Santander Brasil by 2,671.0% during the third quarter. Millennium Management LLC now owns 326,451 shares of the bank’s stock valued at $1,825,000 after acquiring an additional 314,670 shares during the period. 14.53% of the stock is currently 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.