Cezar Augusto Janikian Sells 6,600 Shares of Banco Santander Brasil (NYSE:BSBR) Stock

Banco Santander Brasil SA (NYSE:BSBR) VP Cezar Augusto Janikian sold 6,600 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $5.72, for a total value of $37,752.00. Following the sale, the vice president directly owned 47,007 shares in the company, valued at approximately $268,880.04. This represents a 12.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Banco Santander Brasil Stock Performance

Banco Santander Brasil stock opened at $5.82 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 3.25. Banco Santander Brasil SA has a 12 month low of $4.94 and a 12 month high of $7.32. The company has a fifty day moving average price of $5.46 and a two-hundred day moving average price of $5.77.

Banco Santander Brasil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Thursday, July 30th were given a dividend of $0.1045 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date of this dividend was Thursday, July 30th.

Institutional Investors Weigh In On Banco Santander Brasil

A number of hedge funds have recently made changes to their positions in the business. Cubist Systematic Strategies LLC acquired a new position in shares of Banco Santander Brasil during the first quarter worth approximately $46,000. Invesco Ltd. raised its stake in Banco Santander Brasil by 9.7% during the 2nd quarter. Invesco Ltd. now owns 206,851 shares of the bank’s stock valued at $1,127,000 after acquiring an additional 18,307 shares in the last quarter. Bank of America Corp DE raised its stake in Banco Santander Brasil by 50.5% during the 2nd quarter. Bank of America Corp DE now owns 291,643 shares of the bank’s stock valued at $1,589,000 after acquiring an additional 97,875 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Banco Santander Brasil by 3,302.2% during the 2nd quarter. BNP Paribas Financial Markets now owns 57,974 shares of the bank’s stock worth $316,000 after acquiring an additional 56,270 shares during the period. Finally, Engineers Gate Manager LP boosted its position in Banco Santander Brasil by 40.9% during the 2nd quarter. Engineers Gate Manager LP now owns 18,910 shares of the bank’s stock worth $103,000 after acquiring an additional 5,490 shares during the period. Institutional investors own 14.53% of the company’s stock.

Analyst Upgrades and Downgrades

BSBR has been the topic of a number of recent research reports. Wall Street Zen cut shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Weiss Ratings upgraded Banco Santander Brasil from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. JPMorgan Chase & Co. downgraded Banco Santander Brasil from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $6.50 to $6.00 in a report on Thursday, July 30th. Zacks Research lowered Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a research report on Friday, July 3rd. Finally, UBS Group downgraded Banco Santander Brasil from a “buy” rating to a “neutral” rating in a research note on Monday, August 24th. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $6.00.

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.