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Banco Santander Brasil SA (NYSE:BSBR – Get Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 3,579,981 shares traded hands during mid-day trading, an increase of 136% from the previous session’s volume of 1,519,379 shares.The stock last traded at $5.7750 and had previously closed at $5.75.
Wall Street Analyst Weigh In
Several analysts have issued reports on BSBR shares. JPMorgan Chase & Co. downgraded Banco Santander Brasil from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $6.50 to $6.00 in a research note on Thursday, July 30th. Wall Street Zen cut Banco Santander Brasil from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Zacks Research downgraded Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a report on Friday, July 3rd. Finally, Weiss Ratings upgraded Banco Santander Brasil from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Banco Santander Brasil currently has a consensus rating of “Reduce” and a consensus target price of $6.00.
Get Our Latest Stock Analysis on Banco Santander Brasil
Banco Santander Brasil Stock Down 0.3%
Banco Santander Brasil Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Thursday, July 30th will be paid a dividend of $0.1045 per share. The ex-dividend date is Thursday, July 30th. This represents a $0.42 annualized dividend and a dividend yield of 7.3%.
Insider Buying and Selling at Banco Santander Brasil
In other Banco Santander Brasil news, CEO Mario Roberto Opice Leao purchased 276,851 shares of the stock in a transaction on Tuesday, June 16th. The shares were purchased at an average price of $5.38 per share, with a total value of $1,489,458.38. Following the completion of the transaction, the chief executive officer directly owned 536,751 shares in the company, valued at $2,887,720.38. This represents a 106.52% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mariana Cahen Margulies sold 42,545 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $5.70, for a total value of $242,506.50. Following the transaction, the insider directly owned 40,275 shares in the company, valued at $229,567.50. The trade was a 51.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have purchased 500,251 shares of company stock valued at $2,651,888 and have sold 150,251 shares valued at $855,961. Company insiders own 0.06% of the company’s stock.
Institutional Trading of Banco Santander Brasil
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada grew its position in Banco Santander Brasil by 288.1% during 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. EverSource Wealth Advisors LLC raised its position in Banco Santander Brasil by 251.5% during the first quarter. EverSource Wealth Advisors LLC now owns 5,804 shares of the bank’s stock valued at $34,000 after purchasing an additional 4,153 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Banco Santander Brasil in the 4th quarter valued at $36,000. Cubist Systematic Strategies LLC bought a new position in Banco Santander Brasil in the first quarter valued at about $46,000. Finally, May Hill Capital LLC acquired a new stake in shares of Banco Santander Brasil in the 4th quarter valued at approximately $83,000. 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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