Banco Santander Brasil (NYSE:BSBR) Insider Rudolf Gschliffner Sells 11,507 Shares

Banco Santander Brasil SA (NYSE:BSBR – Get Free Report) insider Rudolf Gschliffner sold 11,507 shares of Banco Santander Brasil stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $5.73, for a total value of $65,935.11. Following the completion of the transaction, the insider directly owned 33,192 shares of the company’s stock, valued at approximately $190,190.16. This represents a 25.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Banco Santander Brasil Trading Down 1.1%

Shares of BSBR stock opened at $5.75 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 has a 50 day moving average price of $5.45 and a 200 day moving average price of $5.77. Banco Santander Brasil SA has a fifty-two week low of $4.94 and a fifty-two week high of $7.32.

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Banco Santander Brasil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Thursday, July 30th were paid a $0.1045 dividend. This represents a $0.42 annualized dividend and a dividend yield of 7.3%. The ex-dividend date was Thursday, July 30th.

Wall Street Analyst Weigh In

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

View Our Latest Research Report on Banco Santander Brasil

Institutional Investors Weigh In On Banco Santander Brasil

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio acquired a new position in Banco Santander Brasil in the second quarter valued at $476,000. EverSource Wealth Advisors LLC grew its holdings in shares of Banco Santander Brasil by 251.5% during the first 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 during the last quarter. Royal Bank of Canada increased its position in shares of Banco Santander Brasil by 41.6% during the first quarter. Royal Bank of Canada now owns 7,136 shares of the bank’s stock worth $43,000 after purchasing an additional 2,098 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Banco Santander Brasil by 43.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 221,909 shares of the bank’s stock valued at $1,316,000 after purchasing an additional 67,224 shares during the last quarter. Finally, SPX Gestao de Recursos Ltda lifted its holdings in shares of Banco Santander Brasil by 58.9% in the 1st quarter. SPX Gestao de Recursos Ltda now owns 86,883 shares of the bank’s stock valued at $515,000 after purchasing an additional 32,189 shares during the last quarter. 14.53% of the stock is currently owned by institutional investors and hedge funds.

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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