Banco Santander Brasil (NYSE:BSBR) Sees Large Volume Increase – What’s Next?

Shares of Banco Santander Brasil SA (NYSE:BSBR) saw an uptick in trading volume on Tuesday . Approximately 2,914,803 shares traded hands during trading, an increase of 60% from the previous session’s volume of 1,819,791 shares.The stock last traded at $5.9650 and had previously closed at $5.96.

Analysts Set New Price Targets

Several research firms recently weighed in on BSBR. Zacks Research cut shares of Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a research note on Friday, July 3rd. UBS Group lowered Banco Santander Brasil from a “buy” rating to a “neutral” rating in a research note on Monday, August 24th. Weiss Ratings raised Banco Santander Brasil from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Wall Street Zen downgraded Banco Santander Brasil from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, JPMorgan Chase & Co. lowered Banco Santander Brasil from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $6.50 to $6.00 in a report on Thursday, July 30th. Three equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Banco Santander Brasil presently has a consensus rating of “Reduce” and an average target price of $6.00.

Banco Santander Brasil Price Performance

The stock has a fifty day simple moving average of $5.57 and a 200-day simple moving average of $5.71. The company has a debt-to-equity ratio of 3.34, a quick ratio of 1.56 and a current ratio of 1.56.

Banco Santander Brasil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Thursday, July 30th were paid a dividend of $0.1045 per share. This represents a $0.42 annualized dividend and a yield of 7.1%. The ex-dividend date of this dividend was Thursday, July 30th.

Insider Activity at Banco Santander Brasil

In other news, insider Mariana Cahen Margulies sold 42,545 shares of Banco Santander Brasil 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 transaction, the insider owned 40,275 shares in the company, valued at approximately $229,567.50. The trade was a 51.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Celso Mateus De Queiroz sold 29,299 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $5.78, for a total value of $169,348.22. Following the completion of the transaction, the insider directly owned 23,838 shares in the company, valued at $137,783.64. The trade was a 55.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 162,638 shares of company stock valued at $930,663. Insiders own 0.06% of the company’s stock.

Institutional Trading of Banco Santander Brasil

Several large investors have recently made changes to their positions in the business. Engineers Gate Manager LP raised its holdings in shares of Banco Santander Brasil by 765.6% in the second quarter. Engineers Gate Manager LP now owns 139,178 shares of the bank’s stock valued at $731,000 after buying an additional 123,100 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in Banco Santander Brasil during the 2nd quarter worth about $476,000. EverSource Wealth Advisors LLC increased its position 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 valued at $34,000 after acquiring an additional 4,153 shares in the last quarter. Royal Bank of Canada increased its position 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 valued at $43,000 after acquiring an additional 2,098 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Banco Santander Brasil by 43.5% in the first quarter. Dimensional Fund Advisors LP now owns 221,909 shares of the bank’s stock worth $1,316,000 after acquiring an additional 67,224 shares during the last quarter. Institutional investors own 14.53% of the company’s stock.

Banco Santander Brasil Company Profile

Banco Santander Brasil SA is a Brazilian financial institution and a subsidiary of Spain-based Banco Santander. Headquartered in São Paulo, the company provides banking and financial services to individual customers, small and midsize businesses, corporations and institutional clients throughout Brazil.

Its offerings include checking and savings accounts, consumer and commercial lending, credit and debit cards, mortgages, insurance, investments, asset management, payment solutions and foreign-exchange services.