Shares of Banco Santander Brasil SA (NYSE:BSBR – Get Free Report) saw unusually-high trading volume on Friday . Approximately 2,646,008 shares were traded during mid-day trading, an increase of 93% from the previous session’s volume of 1,367,698 shares.The stock last traded at $5.8350 and had previously closed at $5.79.
Analysts Set New Price Targets
Several equities research analysts recently commented on the company. Weiss Ratings raised Banco Santander Brasil from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Zacks Research cut Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a research report on Friday, July 3rd. JPMorgan Chase & Co. lowered Banco Santander Brasil from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $6.50 to $6.00 in a report on Thursday, July 30th. Finally, Wall Street Zen cut Banco Santander Brasil from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Two analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Banco Santander Brasil has a consensus rating of “Reduce” and an average price target of $6.00.
Get Our Latest Stock Report on BSBR
Banco Santander Brasil Trading Up 0.4%
Banco Santander Brasil Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Thursday, July 30th will be given a dividend of $0.1045 per share. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 7.2%.
Insider Buying and Selling at Banco Santander Brasil
In related news, insider Eduardo Alvarez Garrido sold 7,500 shares of Banco Santander Brasil stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $5.43, for a total value of $40,725.00. Following the transaction, the insider owned 24,701 shares of the company’s stock, valued at approximately $134,126.43. This trade represents a 23.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mariana Cahen Margulies sold 42,545 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $5.70, for a total value of $242,506.50. Following the sale, the insider owned 40,275 shares in the company, valued at approximately $229,567.50. The trade was a 51.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders bought 500,251 shares of company stock valued at $2,651,888 and sold 120,952 shares valued at $686,613. 0.06% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Banco Santander Brasil
A number of large investors have recently made changes to their positions in BSBR. Royal Bank of Canada lifted its position in shares of Banco Santander Brasil by 288.1% in the 4th quarter. Royal Bank of Canada now owns 5,038 shares of the bank’s stock valued at $31,000 after acquiring an additional 3,740 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Banco Santander Brasil by 251.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,804 shares of the bank’s stock worth $34,000 after purchasing an additional 4,153 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Banco Santander Brasil during the 4th quarter valued at $36,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Banco Santander Brasil in the first quarter valued at $46,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of Banco Santander Brasil in the fourth quarter valued at $76,000. Institutional investors and hedge funds own 14.53% of the company’s stock.
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.
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