Insider Selling: Banco Santander Brasil (NYSE:BSBR) Insider Sells $242,506.50 in Stock

Banco Santander Brasil SA (NYSE:BSBR) insider Mariana Cahen Margulies sold 42,545 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $5.70, for a total value of $242,506.50. Following the completion of the sale, the insider owned 40,275 shares of the company’s stock, valued at approximately $229,567.50. This represents a 51.37% 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 Price Performance

NYSE:BSBR opened at $5.80 on Friday. Banco Santander Brasil SA has a 1-year low of $4.74 and a 1-year high of $7.32. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 3.25. The firm’s fifty day moving average price is $5.35 and its 200 day moving average price is $5.88.

Banco Santander Brasil Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $0.42 annualized dividend and a yield of 7.2%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BSBR. JPMorgan Chase & Co. downgraded Banco Santander Brasil from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $6.50 to $6.00 in a research 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 research note on Friday, July 31st. Wall Street Zen downgraded shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, Zacks Research cut Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a research note on Friday, July 3rd. Two research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $6.00.

Institutional Trading of Banco Santander Brasil

Several institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC acquired a new position in shares of Banco Santander Brasil during the fourth quarter worth approximately $9,772,000. Alpine Global Management LLC acquired a new stake in shares of Banco Santander Brasil during the 4th quarter valued at about $4,735,000. Aquamarine Financial Cayman Ltd boosted its holdings 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 purchasing an additional 775,000 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Banco Santander Brasil by 17.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,957,288 shares of the bank’s stock valued at $16,531,000 after acquiring an additional 430,531 shares during the period. Finally, Millennium Management LLC grew its holdings in shares of Banco Santander Brasil by 2,671.0% in the 3rd quarter. Millennium Management LLC now owns 326,451 shares of the bank’s stock worth $1,825,000 after purchasing an additional 314,670 shares during the last quarter. 14.53% of the stock is currently owned by institutional investors and hedge funds.

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.