Key Points
- Rafael Abujamra Kappaz sold 31,285 shares of Banco Santander Brasil on March 18 at an average price of $5.76 for $180,201.60, reducing his stake by 47.16% to 35,049 shares.
- Shares were trading down 4.1%, opening at $5.53, with a 12‑month range of $4.26–$7.32 and 50‑day/200‑day moving averages of $6.46 and $6.03, respectively.
- The company paid a special dividend of $0.1001 (record Jan 22, paid Feb 18), and analysts have a consensus rating of Hold amid mixed Buy/Hold/Sell views.
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Banco Santander Brasil SA (NYSE:BSBR - Get Free Report) insider Rafael Abujamra Kappaz sold 31,285 shares of the company's stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $5.76, for a total transaction of $180,201.60. Following the sale, the insider directly owned 35,049 shares in the company, valued at approximately $201,882.24. This trade represents a 47.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Banco Santander Brasil Trading Down 4.1%
Shares of NYSE:BSBR opened at $5.53 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 3.15. The company has a 50-day moving average price of $6.46 and a two-hundred day moving average price of $6.03. Banco Santander Brasil SA has a twelve month low of $4.26 and a twelve month high of $7.32.
Banco Santander Brasil Dividend Announcement
The firm also recently disclosed a special dividend, which was paid on Wednesday, February 18th. Investors of record on Thursday, January 22nd were issued a $0.1001 dividend. The ex-dividend date of this dividend was Thursday, January 22nd.
Institutional Investors Weigh In On Banco Santander Brasil
A number of institutional investors and hedge funds have recently modified their holdings of the company. American Century Companies Inc. boosted its position in shares of Banco Santander Brasil by 21.2% in the second quarter. American Century Companies Inc. now owns 744,630 shares of the bank's stock valued at $4,058,000 after acquiring an additional 130,366 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Banco Santander Brasil by 5.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,526,757 shares of the bank's stock worth $13,771,000 after acquiring an additional 121,804 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Banco Santander Brasil in the 2nd quarter worth approximately $70,000. Savant Capital LLC purchased a new stake in Banco Santander Brasil in the 2nd quarter worth approximately $123,000. Finally, Vise Technologies Inc. bought a new position in Banco Santander Brasil in the 4th quarter valued at $93,000. 14.53% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the stock. Weiss Ratings cut shares of Banco Santander Brasil from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, March 6th. Wall Street Zen raised Banco Santander Brasil from a "hold" rating to a "buy" rating in a report on Thursday. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold".
View Our Latest Research Report on BSBR
Banco Santander Brasil Company Profile
(
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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