Banco Santander Brasil (NYSE:BSBR) VP Sells $37,752.00 in Stock

Banco Santander Brasil SA (NYSE:BSBR) VP Cezar Augusto Janikian sold 6,600 shares of Banco Santander Brasil stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $5.72, for a total transaction of $37,752.00. Following the transaction, the vice president owned 47,007 shares of the company’s stock, valued at $268,880.04. The trade was a 12.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Banco Santander Brasil Stock Up 0.2%

Shares of Banco Santander Brasil stock opened at $5.82 on Monday. The company has a 50-day simple moving average of $5.46 and a two-hundred day simple moving average of $5.76. Banco Santander Brasil SA has a 52-week low of $4.94 and a 52-week 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.

Banco Santander Brasil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Thursday, July 30th were given a $0.1045 dividend. The ex-dividend date was Thursday, July 30th. This represents a $0.42 dividend on an annualized basis and a yield of 7.2%.

Institutional Investors Weigh In On Banco Santander Brasil

Several hedge funds have recently modified their holdings of BSBR. Cubist Systematic Strategies LLC purchased a new stake in shares of Banco Santander Brasil in the first quarter valued at approximately $46,000. Invesco Ltd. raised its position in Banco Santander Brasil by 9.7% during the second quarter. Invesco Ltd. now owns 206,851 shares of the bank’s stock worth $1,127,000 after acquiring an additional 18,307 shares during the period. Bank of America Corp DE lifted its holdings in Banco Santander Brasil by 50.5% during the second quarter. Bank of America Corp DE now owns 291,643 shares of the bank’s stock valued at $1,589,000 after purchasing an additional 97,875 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of 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 purchasing an additional 56,270 shares during the period. Finally, Engineers Gate Manager LP increased its stake in shares of Banco Santander Brasil by 40.9% during the second quarter. Engineers Gate Manager LP now owns 18,910 shares of the bank’s stock worth $103,000 after purchasing an additional 5,490 shares in the last quarter. 14.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BSBR has been the subject of a number of recent analyst reports. Zacks Research lowered Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a research note on Friday, July 3rd. Weiss Ratings raised Banco Santander Brasil from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. 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. JPMorgan Chase & Co. downgraded shares of Banco Santander Brasil from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $6.50 to $6.00 in a research note on Thursday, July 30th. Finally, UBS Group downgraded shares of Banco Santander Brasil from a “buy” rating to a “neutral” rating in a research note on Monday, August 24th. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target 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.