Banco Santander Brasil (NYSE:BSBR) VP Cezar Augusto Janikian Sells 6,600 Shares

Banco Santander Brasil SA (NYSE:BSBRGet Free Report) VP Cezar Augusto Janikian sold 6,600 shares of the stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $5.72, for a total transaction of $37,752.00. Following the sale, the vice president owned 47,007 shares of the company’s stock, valued at approximately $268,880.04. This represents a 12.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Banco Santander Brasil Price Performance

Shares of NYSE BSBR traded up $0.09 during trading hours on Friday, hitting $5.82. The company’s stock had a trading volume of 2,009,083 shares, compared to its average volume of 1,692,859. Banco Santander Brasil SA has a 12 month low of $4.94 and a 12 month high of $7.32. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 3.25. The business has a 50-day simple moving average of $5.45 and a 200-day simple moving average of $5.77.

Banco Santander Brasil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Thursday, July 30th were issued a dividend of $0.1045 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date was Thursday, July 30th.

Institutional Investors Weigh In On Banco Santander Brasil

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BSBR. Royal Bank of Canada lifted 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 valued at $31,000 after buying an additional 3,740 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Banco Santander Brasil by 251.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,804 shares of the bank’s stock worth $34,000 after buying an additional 4,153 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Banco Santander Brasil in the 4th quarter worth about $36,000. Cubist Systematic Strategies LLC purchased a new position in Banco Santander Brasil during the 1st quarter valued at about $46,000. Finally, May Hill Capital LLC purchased a new position in Banco Santander Brasil during the 4th quarter valued at about $83,000. 14.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. cut shares of Banco Santander Brasil from an “overweight” rating to a “neutral” rating and cut their price target for the company from $6.50 to $6.00 in a report on Thursday, July 30th. Weiss Ratings upgraded shares of Banco Santander Brasil from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. UBS Group cut shares of Banco Santander Brasil from a “buy” rating to a “neutral” rating in a research report on Monday. Wall Street Zen lowered shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, Zacks Research cut shares of Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a research report on Friday, July 3rd. Three research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $6.00.

View Our Latest Stock Analysis on BSBR

About Banco Santander Brasil

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Banco Santander Brasil (NYSE:BSBR)

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