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

Banco Santander Brasil SA (NYSE:BSBR) insider Celso Mateus De Queiroz sold 29,299 shares of the company’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $5.78, for a total value of $169,348.22. Following the completion of the sale, the insider directly owned 23,838 shares of the company’s stock, valued at $137,783.64. The trade was a 55.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Banco Santander Brasil Trading Down 0.2%

BSBR stock opened at $5.74 on Thursday. 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 SA has a 1 year low of $4.74 and a 1 year high of $7.32. The stock has a 50-day simple moving average of $5.37 and a 200-day simple moving average of $5.86.

Banco Santander Brasil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Thursday, July 30th will be paid a dividend of $0.1045 per share. The ex-dividend date is Thursday, July 30th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 7.3%.

Hedge Funds Weigh In On Banco Santander Brasil

A number of institutional investors have recently made changes to their positions in the business. Cubist Systematic Strategies LLC purchased a new position in shares of Banco Santander Brasil during the 1st quarter valued at approximately $46,000. Invesco Ltd. increased its stake in shares of Banco Santander Brasil by 9.7% in the second quarter. Invesco Ltd. now owns 206,851 shares of the bank’s stock worth $1,127,000 after buying an additional 18,307 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Banco Santander Brasil by 50.5% in the second quarter. Bank of America Corp DE now owns 291,643 shares of the bank’s stock worth $1,589,000 after buying an additional 97,875 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Banco Santander Brasil by 3,302.2% in the second quarter. BNP Paribas Financial Markets now owns 57,974 shares of the bank’s stock valued at $316,000 after acquiring an additional 56,270 shares in the last quarter. Finally, Engineers Gate Manager LP raised its holdings in Banco Santander Brasil by 40.9% in the second quarter. Engineers Gate Manager LP now owns 18,910 shares of the bank’s stock valued at $103,000 after acquiring an additional 5,490 shares in the last quarter. 14.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BSBR. JPMorgan Chase & Co. downgraded shares of Banco Santander Brasil from an “overweight” rating to a “neutral” rating and decreased their target price for the company 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 note on Sunday, July 12th. Weiss Ratings upgraded 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 report on Friday, July 3rd. Two investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $6.00.

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.