Eduardo Alvarez Garrido Sells 7,500 Shares of Banco Santander Brasil (NYSE:BSBR) Stock

Banco Santander Brasil SA (NYSE:BSBR) insider Eduardo Alvarez Garrido sold 7,500 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $5.43, for a total value of $40,725.00. Following the transaction, the insider directly owned 24,701 shares of the company’s stock, valued at $134,126.43. This represents a 23.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Eduardo Alvarez Garrido also recently made the following trade(s):

• On Thursday, March 26th, Eduardo Alvarez Garrido sold 16,500 shares of Banco Santander Brasil stock. The shares were sold at an average price of $5.95, for a total value of $98,175.00.

Banco Santander Brasil Stock Performance

Shares of Banco Santander Brasil stock opened at $5.41 on Friday. The business has a fifty day simple moving average of $5.88 and a two-hundred day simple moving average of $6.18. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.29 and a quick ratio of 1.29. Banco Santander Brasil SA has a 12 month low of $4.62 and a 12 month high of $7.32.

Banco Santander Brasil Announces Dividend

The business also recently declared a special dividend, which was paid on Monday, May 18th. Stockholders of record on Thursday, April 23rd were given a $0.1064 dividend. The ex-dividend date of this dividend was Thursday, April 23rd.

Institutional Investors Weigh In On Banco Santander Brasil

Several large investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its holdings in 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 in the last quarter. Royal Bank of Canada increased its holdings in Banco Santander Brasil by 41.6% in the 1st quarter. Royal Bank of Canada now owns 7,136 shares of the bank’s stock worth $43,000 after buying an additional 2,098 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in Banco Santander Brasil by 9.4% in the 1st quarter. Public Employees Retirement System of Ohio now owns 81,609 shares of the bank’s stock worth $484,000 after buying an additional 6,982 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Banco Santander Brasil by 43.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 221,909 shares of the bank’s stock worth $1,316,000 after buying an additional 67,224 shares in the last quarter. Finally, SPX Gestao de Recursos Ltda increased its holdings in 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 worth $515,000 after buying an additional 32,189 shares in the last quarter. 14.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wall Street Zen lowered Banco Santander Brasil from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings lowered Banco Santander Brasil from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 6th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Banco Santander Brasil presently has an average rating of “Hold”.

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.