Banco Santander Brasil (NYSE:BSBR) Insider Mariana Cahen Margulies Sells 42,545 Shares of Stock

Banco Santander Brasil SA (NYSE:BSBR) insider Mariana Cahen Margulies sold 42,545 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $5.70, for a total transaction of $242,506.50. Following the sale, the insider directly owned 40,275 shares in the company, valued at $229,567.50. This represents a 51.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Banco Santander Brasil Trading Up 0.1%

Shares of BSBR stock opened at $5.79 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. The company has a 50 day moving average price of $5.34 and a 200 day moving average price of $5.88. Banco Santander Brasil SA has a fifty-two week low of $4.74 and a fifty-two week high of $7.32.

Banco Santander Brasil Announces Dividend

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

Analyst Ratings Changes

Several analysts have recently issued reports on BSBR shares. 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. Wall Street Zen downgraded Banco Santander Brasil from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Zacks Research lowered Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a research report on Friday, July 3rd. 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. Two analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Banco Santander Brasil presently has an average rating of “Reduce” and a consensus target price of $6.00.

Institutional Investors Weigh In On Banco Santander Brasil

Several institutional investors have recently modified their holdings of BSBR. Aquamarine Financial Cayman Ltd increased its holdings in shares of Banco Santander Brasil by 8.6% in the 4th quarter. Aquamarine Financial Cayman Ltd now owns 9,770,322 shares of the bank’s stock valued at $59,697,000 after acquiring an additional 775,000 shares during the last quarter. Alpine Global Management LLC purchased a new stake in Banco Santander Brasil during the fourth quarter worth approximately $4,735,000. Royal Bank of Canada boosted its holdings in Banco Santander Brasil by 41.6% in the first quarter. Royal Bank of Canada now owns 7,136 shares of the bank’s stock valued at $43,000 after purchasing an additional 2,098 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Banco Santander Brasil by 9.4% in the first quarter. Public Employees Retirement System of Ohio now owns 81,609 shares of the bank’s stock valued at $484,000 after purchasing an additional 6,982 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Banco Santander Brasil by 43.5% in the first quarter. Dimensional Fund Advisors LP now owns 221,909 shares of the bank’s stock valued at $1,316,000 after purchasing an additional 67,224 shares during the last quarter. 14.53% of the stock is owned by hedge funds and other institutional investors.

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.