Insider Selling: Banco Santander Brasil (NYSE:BSBR) Insider Sells $19,057.85 in Stock

Banco Santander Brasil SA (NYSE:BSBR) insider Denis Junior Ferro sold 3,203 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $5.95, for a total transaction of $19,057.85. Following the completion of the transaction, the insider directly owned 26,803 shares of the company’s stock, valued at approximately $159,477.85. This represents a 10.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Banco Santander Brasil Trading Down 0.1%

Shares of NYSE:BSBR opened at $5.88 on Friday. The company’s fifty day moving average price is $5.59 and its 200-day moving average price is $5.71. The company has a debt-to-equity ratio of 3.34, a current ratio of 1.56 and a quick ratio of 1.56. Banco Santander Brasil SA has a one year low of $4.94 and a one year high of $7.32.

Banco Santander Brasil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Thursday, July 30th were paid a dividend of $0.1045 per share. The ex-dividend date of this dividend was Thursday, July 30th. This represents a $0.42 annualized dividend and a yield of 7.1%.

Institutional Trading of Banco Santander Brasil

Hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada lifted its position in Banco Santander Brasil by 288.1% during the 4th quarter. Royal Bank of Canada now owns 5,038 shares of the bank’s stock valued at $31,000 after acquiring an additional 3,740 shares during the period. EverSource Wealth Advisors LLC grew its holdings 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 worth $34,000 after purchasing an additional 4,153 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Banco Santander Brasil in the fourth quarter worth about $36,000. Cubist Systematic Strategies LLC bought a new position in shares of Banco Santander Brasil during the first quarter valued at approximately $46,000. Finally, May Hill Capital LLC bought a new position in shares of Banco Santander Brasil during the fourth quarter valued at approximately $83,000. 14.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on BSBR. UBS Group lowered Banco Santander Brasil from a “buy” rating to a “neutral” rating in a research note on Monday, August 24th. 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. 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. Weiss Ratings upgraded shares of Banco Santander Brasil from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Finally, JPMorgan Chase & Co. cut Banco Santander Brasil from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $6.50 to $6.00 in a research note on Thursday, July 30th. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Banco Santander Brasil has a consensus rating of “Reduce” and an average target price of $6.00.

About Banco Santander Brasil

Banco Santander Brasil SA is a Brazilian financial institution and a subsidiary of Spain-based Banco Santander. Headquartered in São Paulo, the company provides banking and financial services to individual customers, small and midsize businesses, corporations and institutional clients throughout Brazil.

Its offerings include checking and savings accounts, consumer and commercial lending, credit and debit cards, mortgages, insurance, investments, asset management, payment solutions and foreign-exchange services.