Banco Santander Brasil (NYSE:BSBR) Insider Sells $169,348.22 in Stock

Banco Santander Brasil SA (NYSE:BSBRGet Free Report) insider Celso Mateus De Queiroz sold 29,299 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $5.78, for a total value of $169,348.22. Following the completion of the sale, the insider owned 23,838 shares of the company’s stock, valued at approximately $137,783.64. This represents a 55.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Banco Santander Brasil Stock Up 0.3%

Shares of BSBR opened at $5.76 on Friday. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.29 and a current ratio of 1.29. The company’s 50 day simple moving average is $5.37 and its 200-day simple moving average is $5.85. Banco Santander Brasil SA has a 12-month low of $4.74 and a 12-month high of $7.32.

Banco Santander Brasil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Thursday, July 30th will be given a dividend of $0.1045 per share. This represents a $0.42 annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend is Thursday, July 30th.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on BSBR shares. Wall Street Zen cut shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. JPMorgan Chase & Co. lowered Banco Santander Brasil from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $6.50 to $6.00 in a report on Thursday, July 30th. Zacks Research cut Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a research note on Friday, July 3rd. Finally, Weiss Ratings raised Banco Santander Brasil from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $6.00.

Read Our Latest Stock Report on Banco Santander Brasil

Institutional Trading of Banco Santander Brasil

Large investors have recently bought and sold shares of the company. Aquamarine Financial Cayman Ltd boosted its position in shares of Banco Santander Brasil by 8.6% in the 4th quarter. Aquamarine Financial Cayman Ltd now owns 9,770,322 shares of the bank’s stock worth $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. Hantz Financial Services Inc. raised its position in Banco Santander Brasil by 23.2% during the fourth quarter. Hantz Financial Services Inc. now owns 48,228 shares of the bank’s stock worth $295,000 after acquiring an additional 9,077 shares during the last quarter. May Hill Capital LLC purchased a new stake in shares of Banco Santander Brasil in the fourth quarter valued at about $83,000. Finally, Checchi Capital Advisers LLC lifted its holdings in shares of Banco Santander Brasil by 10.0% in the fourth quarter. Checchi Capital Advisers LLC now owns 17,463 shares of the bank’s stock valued at $107,000 after purchasing an additional 1,585 shares in the last quarter. Institutional investors and hedge funds own 14.53% of the company’s stock.

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.

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

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