Banco Santander Brasil (NYSE:BSBR) VP Cezar Augusto Janikian Sells 17,000 Shares of Stock

Banco Santander Brasil SA (NYSE:BSBR) VP Cezar Augusto Janikian sold 17,000 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $5.87, for a total value of $99,790.00. Following the transaction, the vice president owned 53,607 shares of the company’s stock, valued at $314,673.09. This represents a 24.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Banco Santander Brasil Price Performance

Banco Santander Brasil stock opened at $6.33 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 3.15. The stock has a fifty day moving average price of $6.25 and a two-hundred day moving average price of $6.11. Banco Santander Brasil SA has a 52-week low of $4.62 and a 52-week high of $7.32.

Banco Santander Brasil Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Monday, May 18th. Stockholders of record on Thursday, April 23rd will be issued a dividend of $0.1064 per share. The ex-dividend date is Thursday, April 23rd.

Analysts Set New Price Targets

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

More Banco Santander Brasil News

Here are the key news stories impacting Banco Santander Brasil this week:

• Negative Sentiment: Michele Soares Ishii sold 12,000 shares on March 24 at an average of $5.95 (total ~$71.4k), reducing her position to 14 shares. SEC filing
• Negative Sentiment: VP Cezar Augusto Janikian sold 17,000 shares on March 19 at $5.87 avg (~$99.8k), a ~24.1% reduction in his holding. SEC filing
• Negative Sentiment: Jean Paulo Kambourakis sold 36,721 shares on March 19 at $5.89 avg (~$216.3k), cutting his stake by ~53.7%. SEC filing
• Negative Sentiment: Alexandre Guimaraes Soares sold 35,443 shares on March 19 at $5.92 avg (~$209.8k), a ~54.8% reduction. SEC filing
• Negative Sentiment: Alexandre Teixeira De Araujo sold 20,156 shares on March 24 at $5.94 avg (~$119.7k), reducing his holding by ~52.7%. SEC filing
• Negative Sentiment: Ana Paula Vitali Janes Vescovi sold 38,000 shares on March 19 at $5.79 avg (~$220.0k), trimming her stake by ~52.8%. SEC filing
• Negative Sentiment: Eduardo Alvarez Garrido sold 16,500 shares on March 26 at $5.95 avg (~$98.2k), a ~33.9% reduction in his holdings. SEC filing

Hedge Funds Weigh In On Banco Santander Brasil

Hedge funds have recently added to or reduced their stakes in the stock. Vident Advisory LLC lifted its stake in Banco Santander Brasil by 185.7% in the fourth quarter. Vident Advisory LLC now owns 31,805 shares of the bank’s stock valued at $194,000 after buying an additional 20,672 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Banco Santander Brasil during the fourth quarter worth about $143,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Banco Santander Brasil during the fourth quarter worth about $111,000. Engineers Gate Manager LP raised its position 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 during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Banco Santander Brasil during the first quarter worth about $46,000. Institutional investors and hedge funds own 14.53% of the company’s stock.

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.