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Banco Santander Brasil SA (NYSE:BSBR – Get Free Report) shares saw an uptick in trading volume on Tuesday . Approximately 4,108,507 shares traded hands during mid-day trading, an increase of 285% from the previous session’s volume of 1,067,982 shares.The stock last traded at $5.25 and had previously closed at $5.31.
Analysts Set New Price Targets
Several equities analysts have recently commented on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Banco Santander Brasil in a research report on Wednesday, June 3rd. Wall Street Zen downgraded shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Banco Santander Brasil currently has an average rating of “Reduce”.
Get Our Latest Stock Report on Banco Santander Brasil
Banco Santander Brasil Stock Down 1.3%
Banco Santander Brasil Announces Dividend
The business also recently announced a special dividend, which was paid on Monday, May 18th. Investors of record on Thursday, April 23rd were given a $0.1064 dividend. The ex-dividend date was Thursday, April 23rd.
Insider Activity
In related news, CEO Mario Roberto Opice Leao acquired 276,851 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was acquired at an average cost of $5.38 per share, for a total transaction of $1,489,458.38. Following the completion of the acquisition, the chief executive officer directly owned 536,751 shares of the company’s stock, valued at approximately $2,887,720.38. The trade was a 106.52% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Eduardo Alvarez Garrido sold 16,500 shares of the firm’s 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 transaction, the insider owned 32,201 shares in the company, valued at $191,595.95. This represents a 33.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have acquired 500,251 shares of company stock worth $2,651,888 and have sold 25,833 shares worth $148,560. 0.06% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Banco Santander Brasil
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC bought a new stake in shares of Banco Santander Brasil in the 4th quarter worth $9,772,000. Aquamarine Financial Cayman Ltd boosted its stake in Banco Santander Brasil by 8.6% during the fourth quarter. Aquamarine Financial Cayman Ltd now owns 9,770,322 shares of the bank’s stock valued at $59,697,000 after buying an additional 775,000 shares in the last quarter. Alpine Global Management LLC acquired a new position in Banco Santander Brasil during the fourth quarter worth about $4,735,000. Arrowstreet Capital Limited Partnership grew its holdings in Banco Santander Brasil by 17.0% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,957,288 shares of the bank’s stock worth $16,531,000 after acquiring an additional 430,531 shares during the period. Finally, Millennium Management LLC boosted its position in shares of Banco Santander Brasil by 2,671.0% during the 3rd quarter. Millennium Management LLC now owns 326,451 shares of the bank’s stock valued at $1,825,000 after purchasing an additional 314,670 shares in the last quarter. 14.53% of the stock is owned by institutional investors.
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.
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