Eduardo Alvarez Garrido Sells 16,500 Shares of Banco Santander Brasil (NYSE:BSBR) Stock

Banco Santander Brasil SA (NYSE:BSBR) insider Eduardo Alvarez Garrido sold 16,500 shares of Banco Santander Brasil stock in a transaction that occurred on Thursday, March 26th. The shares were sold at an average price of $5.95, for a total transaction of $98,175.00. Following the sale, the insider directly owned 32,201 shares of the company’s stock, valued at $191,595.95. This represents a 33.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Banco Santander Brasil Trading Up 0.2%

Banco Santander Brasil stock opened at $6.36 on Friday. The company has a 50 day moving average price of $6.24 and a 200-day moving average price of $6.12. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 3.15. Banco Santander Brasil SA has a fifty-two week low of $4.62 and a fifty-two week high of $7.32.

Banco Santander Brasil Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wall Street Zen raised shares of Banco Santander Brasil from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Weiss Ratings downgraded shares of Banco Santander Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 6th. One research 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Hedge Funds Weigh In On Banco Santander Brasil

A number of large investors have recently bought and sold shares of BSBR. Royal Bank of Canada raised its stake in Banco Santander Brasil by 288.1% in the fourth quarter. Royal Bank of Canada now owns 5,038 shares of the bank’s stock worth $31,000 after buying an additional 3,740 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Banco Santander Brasil in the fourth quarter worth approximately $36,000. Cubist Systematic Strategies LLC bought a new position in Banco Santander Brasil in the first quarter worth approximately $46,000. Tuttle Capital Management LLC bought a new position in Banco Santander Brasil in the fourth quarter worth approximately $66,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in Banco Santander Brasil in the fourth quarter worth approximately $76,000. Institutional investors own 14.53% of the company’s stock.

Key Headlines Impacting Banco Santander Brasil

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

• Positive Sentiment: Company announced a special dividend of $0.1064 per ADS payable May 18 to holders of record April 23 (ex-dividend April 23) — a near-term cash return that can support the share price. MarketBeat article
• Positive Sentiment: Wall Street Zen upgraded BSBR from Buy to Strong-Buy (March 27), which could attract buyers if investors follow that research. Wall Street Zen upgrade
• Neutral Sentiment: Analyst coverage is mixed: Weiss Ratings cut BSBR to Hold while coverage overall averages to a “Hold” rating — this produces balanced pressure rather than a clear directional catalyst. Weiss Ratings
• Neutral Sentiment: Institutional moves show small-scale repositioning: several funds added or trimmed modest stakes in recent quarters (institutional ownership ~14.5%), which is not a large directional change.
• Negative Sentiment: Multiple insiders executed sizable stock sales in March (timing/pricing near $5.79–$5.95): Jean Paulo Kambourakis sold 36,721 shares (~$216k), cutting his stake by ~53.7%. SEC filing
• Negative Sentiment: Ana Paula Vitali Janes Vescovi sold 38,000 shares (~$220k) on March 19, trimming her holding by ~52.8%. SEC filing
• Negative Sentiment: Alexandre Guimaraes Soares sold 35,443 shares (~$210k) on March 19, a ~54.8% reduction. SEC filing
• Negative Sentiment: Other insider disposals include Alexandre Teixeira De Araujo (20,156 shares), VP Cezar Augusto Janikian (17,000 shares), Eduardo Alvarez Garrido (16,500 shares) and Michele Soares Ishii (12,000 shares); these aggregated sales raise governance/insider-confidence questions for some investors. Sample SEC filing

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.