Insider Selling: Banco Santander Brasil (NYSE:BSBR) Insider Sells 20,156 Shares of Stock

Banco Santander Brasil SA (NYSE:BSBR) insider Alexandre Teixeira De Araujo sold 20,156 shares of the stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $5.94, for a total transaction of $119,726.64. Following the transaction, the insider owned 18,071 shares in the company, valued at approximately $107,341.74. The trade was a 52.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Banco Santander Brasil Trading Down 0.7%

Shares of BSBR traded down $0.05 during midday trading on Thursday, hitting $6.33. The company’s stock had a trading volume of 1,181,211 shares, compared to its average volume of 1,021,120. Banco Santander Brasil SA has a one year low of $4.62 and a one year high of $7.32. The company’s fifty day simple moving average is $6.25 and its two-hundred day simple moving average is $6.11. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 3.15.

Banco Santander Brasil Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Monday, May 18th. Shareholders of record on Thursday, April 23rd will be paid a $0.1064 dividend. The ex-dividend date of this dividend is Thursday, April 23rd.

Wall Street Analyst Weigh In

BSBR has been the topic of a number of research reports. Weiss Ratings cut shares of Banco Santander Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 6th. Wall Street Zen upgraded shares of Banco Santander Brasil from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 27th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Banco Santander Brasil currently has an average rating of “Hold”.

Institutional Trading of Banco Santander Brasil

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC bought a new stake in Banco Santander Brasil during the 4th quarter worth approximately $9,772,000. Alpine Global Management LLC bought a new stake in Banco Santander Brasil during the 4th quarter worth approximately $4,735,000. Aquamarine Financial Cayman Ltd increased its holdings in Banco Santander Brasil by 8.6% during the 4th quarter. Aquamarine Financial Cayman Ltd now owns 9,770,322 shares of the bank’s stock worth $59,697,000 after acquiring an additional 775,000 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Banco Santander Brasil by 17.0% during the 3rd 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 during the period. Finally, Millennium Management LLC increased its holdings in Banco Santander Brasil by 2,671.0% during the 3rd quarter. Millennium Management LLC now owns 326,451 shares of the bank’s stock worth $1,825,000 after acquiring an additional 314,670 shares during the period. 14.53% of the stock is currently owned by 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.